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Avalanche Added to DeFi Exchange Aggregator OpenOcean
The trading portal is adding Avalanche to its mix of networks.
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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Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
