Although high gas fees and network congestion have always been a major problem for Ethereum, there is no denying the prosperity of the Ethereum ecosystem. At the same time, the ecological picture on other public chains led by Binance Smart Chain (BSC) and Polkadot is also gaining momentum.

On the other hand, although DEX has obvious advantages in supporting asset richness, asset custody security, anonymity, and transparency, CEX's long-term inherent advantages such as strong liquidity, high depth and low transaction costs cannot be shaken in the short to medium term. . In addition, the price information of the same asset between CEX and DEX often faces asymmetry, and users can only passively accept the price.

On the current DEX aggregation track, most platforms only support DEX on a single blockchain network, and do not provide cross-chain asset exchange services, which simply cannot meet the diverse needs of users. Today, what we are going to introduce is OpenOcean, a full aggregation protocol that integrates CEX and multiple blockchain networks at the same time and supports cross-chain aggregation.

What are the advantages of OpenOcean?

From the perspective of the product itself, OpenOcean is a fully integrated transaction portal. "Full" is mainly reflected in the variety of blockchain networks supported, the number of aggregated exchanges, cross-chain support, and the variety of wallets that support connections. Support the classic version and professional version of the transaction page and more comprehensive services and other aspects.

Regarding the first two points, OpenOcean currently has aggregated DEX ecosystems from Ethereum, Binance Smart Chain, TRON and Ontology, and will integrate the centralized exchange Binance in the future. At present, users can compare DEX and currency on the trading page. Ann's spot price. According to the information officially provided by OpenOcean, public chains such as Polkadot and Solana and Ethereum Layer 2 will be supported in the future.

Specifically, OpenOcean has integrated nearly 20 trading platforms, integrated Balancer, Curve, Kyber, Mooniswap, SushiSwap, Uniswap, Oasis and other applications on Ethereum, and integrated Acryptos, BakerySwap, JulSwap, Applications such as PancakeSwap and StreeetSwap integrate Justswap and USwap on TRON, InnoSwap and Unifi on the Ontology, and also integrate exchanges such as Binance and Coinbase.

Last week, OpenOcean also reached a strategic cooperation with the Polkadot ecological cross-chain DEX agreement Zenlink. OpenOcean will aggregate Zenlink DEX after the Zenlink mainnet goes live to provide users with a convenient transaction portal for Polkadot ecological related assets. It is conceivable that with the integration of Zenlink, OpenOcean's DEX ecosystem on Polkadot is expected to develop rapidly in the short term.

In terms of cross-chain, OpenOcean now supports four heterogeneous blockchain cross-chain protocols, including Ethereum, Neo, Ontology, and Cosmos-SDK, and will gradually access Bitcoin and more heterogeneous chain protocol support in the future. OpenOcean will continue to support the cross-chain between Binance Smart Chain and Ethereum and other public chains, as well as the cross-chain supporting the Polkadot ecology.

In terms of supporting the types of connected wallets, OpenOcean supports MetaMask, ONTO, Trustwallet, Mathwallet, BitKeep and SafePal on both Ethereum and Binance Smart Chain. In addition, it also supports imToken on Ethereum and Binance Smart Chain. Support BSC Wallet, ONTO, Cyano on the body, and TronLink on TRON.

In addition, in order to meet the needs of professional traders, in addition to the classic version of the trading page previously launched, OpenOcean launched the Pro Beta version this year and opened support for centralized exchanges, which will soon aggregate Binance's spot trading. The Pro Beta version provides a clearer user trading interface, which can help users compare the prices of centralized and decentralized exchanges to capture arbitrage trading opportunities. For funds and professional traders, OpenOcean also provides API interfaces and tailor-made trading interface services to assist investment institutions in formulating trading strategies such as quantitative arbitrage.

In terms of product services, OpenOcean currently supports asset exchange services. Later, it will aggregate centralized derivatives and decentralized derivatives trading platforms to provide derivatives trading services. In addition, OpenOcean will also aggregate lending and insurance products, and implement robo-advisory services to help users participate in more DeFi ecosystems and realize asset management automation processes.

In terms of derivatives trading, cross-market trading strategies for users on the current DEX and CEX require excessive time and cost, and the efficiency of capital use is also very low. OpenOcean will further integrate platforms such as Coinbase, Bitfinex, and BitMEX to achieve a cross-market combination margin mechanism.