The unveiling of OpenOcean V2, also known as OpenOcean Atlantic, brings many new features to the platform. OpenOcean Atlantic works on aggregating networks like Avalanche, Solana, Fantom and Binance Smart Chain. It is also supported by Tron, Heco, OKExChain and Ontology, with plans to add support for Etereum later.
Users of the platform will be benefiting from maximized profits transcending other DEX aggregators on the market.
The team behind OpenOcean Atlantic says it conducted over 4,587 test cases to determine if the higher than expected returns were consistent. According to their tests, the results showed that the Atlantic was better in 60% of cases, making it more competitive than other DEX aggregators.
OpenOcean Atlantic applies a higher-level algorithm and protocol enhancement to trade for the most profitable returns. The algorithm supports numerous parameters, including example optimized routing, lower gas fees, slippage and better prices. This means that users don’t have to worry about potential high charges from using alternative routes. Instead, OpenOcean aims to ensure users get the maximum benefits from each swap.
The OpenOcean Atlantic has also improved the front page, road map, and routing algorithm. They also plan to overhaul the trading terminals and offer improved features like bringing stop loss and limit orders to OpenOcean Atlantic, eliminating the need for users to wait around for specific market conditions.
Another addition, according to the team, will be grid trading for volatile assets.
The OpenOcean team is determined to keep improving its products and services, focusing more on the derivative aggregations and spot trading features that will benefit traders globally.
OpenOcean was launched in September 2020 and has since achieved several milestones. Open Ocean currently aggregates over 50 exchanges and ten networks. In addition, there are more than 350,000 addresses on the site.
The native utility token is OOE and was launched in July 2021, with its main uses being supplying liquidity, governance voting and trading functions and services.