OpenOcean Expands Platform By Incorporating Polygon Network Aggregation

OpenOcean, the leading DeFi and CeFi comprehensive aggregation protocol, recently conducted a poll on its Twitter account asking its community which network they would like to see aggregated next. The community voted overwhelmingly for Polygon Network. While 48.7% of the total votes cast went in favor of Polygon, Solana came in second with just over 32% of the votes. There are reasons its users voted decisively for Polygon.

The USP polygon

Polygon helps overcome the inherent drawbacks of Ethereum, especially slow speed issues and high gas costs. By helping Ethereum become more efficient, Polygon ensures that its security features are not compromised. Developers can also take advantage of the Polygon network to build and connect blockchain networks that are compatible with Ethereum.

Polygon provides a solid foundation for evolving Ethereum and developing its infrastructure. Secure chains such as Plasma, Optimistic Rollups, zkRollups, Validium and standalone chains such as Polygon POS have been built using Polygon’s modular and flexible core, its SDK.

Over 400 Dapps have adopted Polygon’s scaling solutions. It has over 1.5 million unique users and has facilitated nearly 350 million transactions to date.

How does the inclusion of Polygon help OpenOcean users?

As an aggregator, OpenOcean provides liquidity and helps optimize transactions on DeFi and CeFi. Besides Ethereum, the list of blockchains supported by OpenOcean includes Binance Smart Chain, Tron, Solana, Heco, Polkadot, Neo, Harmony, etc. And now he includes Polygon in the list.

It helps make the fragmented DeFi and CeFi markets more efficient by helping traders find the best price at no extra cost and with the lowest slippage. To achieve its goal, OpenOcean uses a deeply optimized intelligent routing algorithm. It also has API and arbitrage tools to help users perform arbitrage trades automatically.

With the inclusion of Polygon going into effect, traders can now channel their trades by sourcing liquidity from Polygon’s exchanges and trading assets through its platform at the best prices and lowest slippage.

OpenOcean has developed plans to encourage users to transact through Polygon. It will offer 100,000 native OOE tokens to users transacting through Polygon over the next two weeks.

In the coming days, OpenOcean will also release cross-chain aggregations, allowing users to trade and transfer assets across various chains and pairs. These transfers would occur via cross-chain bridges and protocols. Matic Bridge V2 is one such cross-chain protocol.

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