OpenOcean expands to Optimism
OpenOcean aggregates Optimism to offer users maximum returns on multiple Ethereum Layer 2 constructions
We are excited to announce the expansion to Optimism along with the rollup’s leading decentralized exchanges: Uniswap V3, Curve, Clipper, Synapse, and ZipSwap. With this integration, OpenOcean users can easily find the best trades for Optimism assets through OpenOcean, which optimizes trading for the best returns based on multiple parameters including price, transaction cost, route, and slippage.
“We’re super excited to have Dex aggregator OpenOcean launch on Optimism — its dApps like these that continue to raise the bar for the user experience of Layer 2’s and crypto in general.” — Co-Founder of Optimism: Ben Jones
The Most Competitive DEX Aggregator on Optimism
We conducted a price quote performance test on 3 different exchange aggregators on-chain using the test tool JMeter.
Among 700 price quotes requested on different trading pairs, here is what we found:
OpenOcean responded faster as the request amount increased. Regarding swap rates, one aggregator has more best price quotes than OpenOcean. However, OpenOcean offers much lower transaction costs, giving the best final returns in 324 out of the 700 tests.
Therefore, if users are looking for the best response time and exchange rate performance, OpenOcean is a rewarding choice worth checking out.
Get started with Optimism
Ready to try it out?
First, make sure you have a wallet that supports Optimism such as MetaMask, Trust Wallet, or Coinbase Wallet. Check out the OpenOcean wallet connection page to view the list of supported wallets.
Next, add Optimism to your wallet and start bridging assets using the Optimism Bridge, Check out this detailed tutorial by the Optimism team for instructions. Also, keep in mind that ETH is the native token of Optimism, so you will need to bridge some ETH to make transactions.
Once the transfer is complete, you can begin swapping assets with the best rates on Optimism via OpenOcean.
To learn more about how to trade on Optimism, read the guideline in OpenOcean’s docs.
Try OpenOcean API 3.0 on Optimism
OpenOcean API 3.0 is an easy-to-use API for individuals or projects that need non-custodial functions such as price quotes, token swaps, transfers, and trading records tracking.
OpenOcean API gives the best swap returns by implementing our superior algorithm for supported blockchains (16 integrated blockchains so far), and it’s now available on Optimism. Plus, it’s free to use! We have a competitive edge in response time (200ms on average), allowing for instant price quotes.
Several projects have adopted our API to provide the price quote function as a core service, such as Mask, Li Finance, and Rango Exchange. Additionally, ONTO Wallet and Fantom Wallet implemented our API for swaps.
We offer detailed API & SDK guidelines to assist in the integration process, and our tech team is more than happy to help with any integration-related issues. Reach out to us through Discord or Telegram.
About Optimism
Optimism is an Ethereum Layer 2 solution utilizing optimistic rollup technology which drastically reduces cost and transaction time while preserving the benefits of Ethereum’s security..
Optimism has attracted many users and it’s (TVL) has been steadily increasing since its mainnet launch. As of April 28, 2022,, Optimism’s TVL is hovering around $670M. OpenOcean pays close attention to Mainnet and Layer 2 solutions with great potential; therefore, expanding to Optimism is a natural decision for us to make.
About OpenOcean
OpenOcean is the world’s first DeFi and CeFi full aggregator. OpenOcean’s intelligent routing algorithm finds the best price and low slippage for traders across centralized and decentralized exchanges with no additional fees. As a one-stop trading entrance, we have aggregated major DEXes across public chains, including Ethereum and Layer 2, Arbitrum, BoBa, Binance Smart Chain, Avalanche, Fantom, Polygon, Solana, Terra, Gnosis (formerly xDai), HECO, TRON, Ontology, and a CEX (Binance). OpenOcean will continue to support cross-chain swaps via bridges and cross-chain protocols, aggregate more DeFi and CeFi products, and launch intelligent management services.
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