Arbitrum continues to gain recognition in the blockchain and crypto space as it is now aggregated by OpenOcean, the leading DeFi and CeFi full aggregation protocol. All of the leading decentralized exchanges running on Arbitrum, including UniSwap v3, Balancer v2, and SushiSwap, will bring benefits to OpenOcean users and how they can maximise their returns.
Arbitrum is the leading Layer-2 scaling solution on the Ethereum blockchain using Optimistic rollup technology. The ecosystem gains more recognition through its rapid increase in Total Value Locked (TVL), which has surpassed $2.45 billion.
Numerous prominent DeFi protocols and projects reside on this layer, including various popular decentralized exchanges and DeFi protocols. Moreover, users benefit from an experience similar to using Layer-1 directly but without worrying about exuberant transaction costs.
“On the one hand, we know our users are trading on Ethereum and have been requesting us to aggregate more Layer-2 solutions to access cost efficient and fast trading while still being in the Ethereum ecosystem. On the other hand, we also know that some of our users have been hesitant or directly reluctant to trade on Ethereum due to the cost. With the Arbitrum aggregation we mash two potatoes with one fork and our users can swap around the trading universe with one-stop trading on OpenOcean” said Cindy Wu, Co-founder of OpenOcean
As Arbitrum gains more TVL, it becomes of growing interest to projects like OpenOcean. As the full aggregator focused on decentralized and centralized finance solutions, aggregating Arbitrum is a logical next step. Moreover, OpenOcean is a crucial player in the Web3 world and provides users with maximized returns on decentralized assets.
“We are thrilled to have OpenOcean joining the Arbitrum ecosystem. Low-slippage aggregated DEX trading is a phenomenal use cases of Arbitrum’s low cost and instant confirmation, providing an excellent experience for DEX traders.” Says Steven Goldfeder, CEO and co-Founder of Arbitrum
The aggregator provides this service across multiple networks without charging users additional fees. Aggregating layer-2 constructions will help the protocol tap into a broader user base and create new revenue-maximizing opportunities for thousands of users. As Arbitrum represents over 40% market share of all layer-2 TVL, it is a logical choice for OpenOcean.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.