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

Jamie Crawley is a CoinDesk news reporter based in London.

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.

Read more about
The Festival for the Decentralized World
Thursday - Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now

DISCLOSURE

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

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. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

CoinDesk - Unknown

Jamie Crawley is a CoinDesk news reporter based in London.

Trending

1
CoinDesk - Unknown
Crypto Asset Managers Chase Yield With New Investment Products

A cocktail of high inflation and cash-hungry crypto firms are prompting fund issuers like Bitwise and 21Shares to get creative.

A cocktail of high inflation and cash-hungry crypto firms are prompting fund issuers like Bitwise and 21Shares to get creative.

CoinDesk - Unknown
2
CoinDesk - Unknown
First Mover Asia: Bitcoin Dominates but Altcoins Lurk

Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.

Although Terra's collapse has raised existential questions about the future of DeFi, some traders appear to be preparing for a return to altcoins; BTC remains rangebound below $30,000 in Tuesday trading.

CoinDesk - Unknown
3
CoinDesk - Unknown
NEAR Protocol

CoinDesk - Unknown
4
CoinDesk - Unknown
MOBOX

CoinDesk - Unknown