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Avalanche Added to DeFi Exchange Aggregator OpenOcean
The trading portal is adding Avalanche to its mix of networks.
Updated Apr 10, 2024, 3:18 a.m. Published Aug 30, 2021, 1:00 p.m. 1 min read
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: Can Avalanche Keep It Up? DeFi Users Rush In as Incentives Roll Out
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