OpenOcean Announced The Aggregation Of Aurora
Finally, OpenOcean announce the aggregation of Aurora, a project built on the NEAR blockchain providing Ethereum compatibility with layer-2 like speed and scalability.
Firstly, they have onboarded several major liquidity sources on Aurora: Trisolaris, WannaSwap, NearPad, Synapse, DODO, AuroraSwap, Amaterasu, Frax Finance, and then, Rose. Open Ocean helps users find the best swap rates across 16 blockchains with 145+ liquidity sources on one site.
The only DEX aggregator on Aurora
OpenOcean’s improved algorithm and increased liquidity sources have given the platform a competitive edge over other DEXes, giving the best returns based on multiple parameters, including better price, lower gas fees, lower slippage, and optimized routing. Below are examples showing how OpenOcean gives users maximum returns on Aurora.
Swap 10 $NEAR to $USDT on OpenOcean; users get $0.06 extra from OpenOcean compared with using any DEX directly.
While swapping with larger amount such as 10,000 $NEAR to $USDT on OpenOcean, users get $530 extra from OpenOcean compared with using a DEX directly.
OpenOcean splits the routes into several DEXes and optimizes the route to get users the best trade.
Why Aurora
Aurora is one of the hottest chains at the moment, performing well while the DeFi TVL hit its lowest point. In the current bearish crypto market, both Aurora and OpenOcean are still on an upward trend.
OpenOcean’s trading volume rose by 56%, and the number of cumulative unique addresses increased by 3% since last month. With OpenOcean joining the Aurora community, users will now have access to the most efficient trading experience.
Aurora also has block times of just over 1 second and transaction confirmation times of around 2 seconds. This is exceptionally quick, and if it works at high loads, it can compete with any high performance blockchain on the market. Transaction costs are currently under $0.30.
How to get started with Aurora
First, make sure you have a wallet that supports Aurora, such as MetaMask, Trust Wallet, or SafePal Wallet. Check out the OpenOcean wallet connection page to view the list of supported wallets.
Next, Add Aurora wallet and start bridging assets using Rainbow Bridge, which facilitates trustless cross-chain transfers between Ethereum and Aurora. Also, keep in mind that ETH is the base currency of Aurora, so you will need to bridge some ETH to make transactions.
Once the transfer is completed, you can begin swapping assets with the best rates on Aurora via OpenOcean.
To learn more about how to trade on Aurora, read the guideline in OpenOcean’s docs.
OpenOcean API 3.0 on Aurora
OpenOcean API gives the best swap returns by implementing our superior algorithm for supported blockchains , and it’s now available on Aurora. Plus, it’s free to use. They have a competitive edge in response time (200ms on average), allowing for instant price quotes.
Several projects have adopted our API to provide the price quote function as a core service, including Mask, Li Finance, and Rango Exchange. ONTO Wallet and Fantom Wallet also implemented our API for swaps.
About OpenOcean
OpenOceanGlobal is the world’s first DeFi and CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and low slippage for traders across centralized and decentralized exchanges with no additional fees. As a one-stop trading entrance, they have aggregated major DEXes across public chains, including Ethereum and BoBa, Binance Smart Chain etc. OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, aggregate more DeFi and CeFi products.
