OpenOcean OOE

1. Summary

Ranks

Liquidity

78

Developer

23

Social

99

Momentum (beta)

33

Stack Rank™

18

Price

$0.01 +2.0%

Market Cap

$5.17M (#1682)

Supply

504.53M / 1.00B

Tags

Binance Smart Chain Ecosystem Exchange-based Tokens Decentralized Exchange Token (DEX) DeFi Avalanche Ecosystem Polygon Ecosystem DaoMaker Ecosystem Fantom Ecosystem Arbitrum Ecosystem Ethereum Ecosystem

More Metrics

Price
52W High price	$0.03
52W High date	8th Mar 2024 (4 months ago)
All Time High (ATH) Date	3rd Sep 2021 (2 years ago)
ATH Price	$1.03
% From ATH	-98.79%
All Time Low (ATL) Date	19th Oct 2023 (9 months ago)
ATL Price	$0.008452850000
% From ATL	48.43%

Supply & Trading Volume
Trading Volume (24h)	$314,427.00
Total Supply	1.00B
Max Supply	1.00B
Circulating Supply	504.53M

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Description

OpenOcean Overview

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OpenOcean Overview

OpenOcean is a decentralized exchange (DEX) aggregator that offers optimized swap solutions by routing liquidity across multiple pools and considering factors such as price, slippage, and costs. It uses an intelligent algorithm to find the most attractive prices from various exchanges, ensuring low slippage and fast settlement. The platform facilitates cross-chain swaps across multiple blockchain networks, including Ethereum, BNB Chain, Polygon, Avalanche, Solana, and others.

Features

• Optimized Swap Returns: OpenOcean's intelligent routing algorithm maximizes swap returns by splitting routes across various liquidity pools and considering multiple factors.
• Cross-Chain Swap Solutions: The platform offers optimized cross-chain swap solutions across mainstream blockchain bridges.
• Derivatives Trading: OpenOcean is developing a derivatives trading service by integrating decentralized orderbook derivative exchanges.
• Middleware Solutions: It provides DEX & NFT middleware including APIs, SDK, and widgets for a wide range of Dapps and traders.
• Fee Structure: There are no fees on OpenOcean itself; users only pay gas and exchange fees from respective blockchains for token swaps. A flat 0.2% fee is charged for liquidity pool swaps, with 0.15% going to liquidity providers and 0.05% to the treasury.

Key Information

• Founders: The founders of OpenOcean are anonymous and work according to the decentralized ethos of the exchange, which is open-source and has been audited by security firms like Certik.
• Launch: OpenOcean launched in July 2021.
• Location: OpenOcean operates without a centralized leadership, so there is no specific headquarters or location.
• Supported Coins: OpenOcean has integrated over 16 blockchains and includes EVM-compatible and non-EVM-compatible chains, supporting most relevant cryptocurrencies.
• Fees: Users only pay gas and exchange fees from respective blockchains for token swaps.
• Leverage or Margin Trading: OpenOcean does not currently offer leverage or margin trading.
• Community Adoption: OpenOcean's API has been adopted by top-tier protocols, including wallets like MetaMask and DefiLlama.

Integrations and Partnerships

• Blockchain Integrations: OpenOcean is integrated with multiple blockchain networks, including Ethereum, BNB Chain, Polygon, Avalanche, Solana, and others.
• Exchange Partnerships: It has partnerships with various decentralized exchanges, such as Uniswap, Jupiter, Orca, and more.
• Investors: Backed by prominent investors like Multicoin, Binance Labs, Kenetic, and CMS.

Development

• -expand: OpenOcean continues to expand its services, integrating new blockchains and derivative products, and developing a wealth management service.

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