OpenOcean outperforms 1inch 69% of the time for USD quote price and gas fee

2021-11-3 18:24

OpenOcean outperformed 1inch 69% of the time for USD quote price and USD gas fee. The comparison was carried out with a testing size of 1,949 token pairs (3,898 testing trades in total). OpenOcean shared the following comparison table with Invezz:

Trade size 1inch outperform OpenOcean outperform

$1,000 28.27% 71.73%

$5,000 26.48% 73.52%

$10,000 30.49% 69.51%

$20,000 35.03% 64.97%

In addition, OpenOcean is declaring the launch of its Atlantic version, featuring an improved algorithm and increased liquidity sources. These have given the platform a competitive edge over other DEX aggregators, ensuring best prices, lower gas fee, lower slippage, and optimized routing.

No more price-routes tradeoff

With the launch of the Atlantic version, there will be no more tradeoff between the best price from various routes and the associated increase in gas fees. Atlantic Ocean takes everything into account and offers the best solutions by choosing the route with maximize overall return.

Upgraded intelligent routing algorithm

The upgraded intelligent routing algorithm offers faster response times with better rates. Improved routes have helped reduce gas fees. The Classic and Pro OpenOcean trading terminals will be enhanced with new and improved features, such as advanced route visualization.

Zero added fees

The Atlantic version will be free for everyone. There are no added fees. Transparent trading is guaranteed. Everyone has access to the API.

Initially, the Atlantic upgrade was scheduled for October 2021. It will be deployed on Binance (BNB/USD) Smart Chain, Fantom (FTM/USD), Avalanche (AVAX/USD), and Polygon (MATIC/USD) any day now. Then, other blockchains will follow.

OpenOcean is enjoying exponential growth

Since its launch in September 2020, OpenOcean has made a great deal of progress. More than 300,000 individual active addresses are trading on it and 10 networks have been aggregated, as well as more than 45 exchanges. They launched their own token, the OOE, in July. The OpenOcean community has grown exponentially.

Ever since the platform was created, it has provided tremendous value for traders, saving millions of dollars in fees. The upgrade to Atlantic Ocean marks its one-year anniversary.

The post OpenOcean outperforms 1inch 69% of the time for USD quote price and gas fee appeared first on Invezz.

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