Blockchain News
OpenOcean DEX Aggregator Integrates Stargate to Power Cross-Chain Swaps
By
Patrick
March 3, 2023
The Stargate Bridge is available for swaps across six blockchains on OpenOcean.
OpenOcean + Stargate = Multichain Trading
Major Decentralized Exchange (DEX) aggregator OpenOcean has integrated Stargate to power its cross-chain swap bridge on six networks: Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum and Optimism.
The integration enables “one-click bridge swaps on whitelisted tokens,” improving OpenOcean’s user experience while lowering fees.
“OpenOcean is now integrated with Stargate to create a seamless and secure cross-chain swap user experience. Stargate’s deep liquidity and easy composability has unlocked more opportunities for cross-chain transfers on OpenOcean,” the Stargate team said in an OpenOcean blog post.
The OpenOcean bridge interface gives users available routes (and costs) for the cross-chain swap they want to initiate, with Stargate now added in alongside other options such as Celer and Multichain Bridge, for example.
Stargate is one of the largest and fastest-growing Decentralized Finance (DeFi) protocols, including on BNB Chain. According to DefiLlama, Stargate’s Total Value Locked (TVL) on all chains has increased by 23% in the past month to $479 million. It’s the 26th ranked DeFi protocol overall by TVL and has grown faster in the past month than any of the protocols above it.
On BNB Chain, Stargate’s TVL has increased by 47% in the past month and now sits at $108 million.
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Author
Patrick
Patrick
Originally from Texas, Patrick is based in the Cayman Islands. He has a diverse background in journalism. He holds bags mostly in stablecoins.
ethereum
BNB Chain
openocean
Stargate
bridge
polygon
avalanche
fantom
