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Breaking news: US Sanctions Enforcer Blacklists a Crypto Exchange for First Time

Avalanche Added to DeFi Exchange Aggregator OpenOcean

The trading portal is adding Avalanche to its mix of networks.

Aug 30, 2021 at 1:00 p.m. UTC
Updated Aug 30, 2021 at 1:19 p.m. UTC

Avalanche is the latest base layer to be added to decentralized finance (DeFi) aggregator OpenOcean.

  • OpenOcean connects decentralized and centralized exchanges on its supported networks, automatically seeking the best trades.
  • The site has processed more than 970,000 transactions since its launch in September 2020 and claims to have 270,000 active unique addresses, a rough proxy of users in the pseudonymous world of DeFi.
  • OpenOcean added Ethereum layer 2 Polygon in July.
  • Avalanche and its native AVAX token have surged in recent weeks as DeFi users look to get a slice of $180 million in incentives on Benqi, SushiSwap and other decentralized lending platforms.

DISCLOSURE

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Jamie Crawley is a CoinDesk news reporter based in London.

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