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OpenOcean is really good for everyone because I believe that OpenOcean is very open to all coins and I believe Solana is very friendly to be on his own blockchain and in the OpenOcean market.I also hope that Solana can become a super coin in the future because the market for this Solana coin is really very good and has the full support of its founder, Anatoly Yakovenko.
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DEX Aggregator OpenOcean Expands to Solana
OpenOcean, an aggregation protocol for CeFi and DeFi, has added Solana to its list of supported blockchains.
OpenOcean Adds Support for Solana
OpenOcean has expanded to Solana.
The popular aggregator announced the update Friday, saying it now includes Solana-based decentralized exchanges (DEXs) to provide DeFi traders with a one-stop interface. Besides Solana, OpenOcean supports several DEXs across multiple blockchains, including Ethereum, Binance Smart Chain, Ontology, and Tron. It also integrates Binance.
OpenOcean uses APIs to gain access to liquidity across various blockchains and implement routing algorithms to power complex trading routes. This capability is precisely how leading Ethereum DEX aggregators like 1inch and Matcha function. Within the Solana ecosystem, OpenOcean will compete with other DEX aggregators such as Frontier Finance. Traders use DEX aggregators to get a bird’s eye view of the market and find the best possible price for their trades.
Of all the major Layer 1 blockchains, Ethereum is by far the most congested. That means that using an Ethereum-based aggregation tool can be expensive in terms of gas fees. In this context, multi-chain DEX aggregators like OpenOcean can be very advantageous as they allow traders to access liquidity on other chains through a single platform.
