OpenSwap DEX Aggregator Now Supports Fantom!
In the past couple of days, our team announced that our OpenSwap DEX Aggregator is supporting Avalanche and Polygon, 2 out of the 3 choices listed in our ongoing governance poll. To make it whole, we are deploying our DEX Aggregator on Fantom too! Who knows, if we end up deploying OpenSwap on all 3 chains, isn’t it better to just lay the foundation first?
This version of DEX Aggregator looks for the best rates between pairs among key decentralized exchanges like X, Y, Z, etc. After all, the interest of our users is what we care about the most. In the case where Fantom takes the poll, our Hybrid Smart Router will be deployed on Fantom to give users even better rates by potentially routing a swap through multiple exchanges!
For our troyal supporters, Fantom is one of the fastest-growing blockchains that is EVM-compatible. Like Polygon and Avalanche, it is also fast, cheap, and has around ~60k daily users. It is the 6th biggest chain in terms of TVL behind Avalanche, Solana, in front of Polygon.
For new DeFi users who are new to OpenSwap, we are a platform that will solve the problem of scattered liquidity across different chains as one of our many core offerings. Currently, our offerings include our liquidity queue that allows users to swap with zero slippage, our DEX Aggregator, which helps to screen decentralized exchanges for the best price for their swaps, and our Hybrid Smart Router is currently available on Binance Smart Chain. In time, we will aim to potentially route through several DEXs to provide an even better price, even across multiple chains.
By taking this step, we hope to extend our services to DeFi users on Avalanche, Polygon, and Fantom. With our single-asset crosschain bridge — the Open Interchain Protocol — launching in the coming months, we strongly believe that our progress will bring us another step closer to solving the problem of fragmented liquidity.
OpenSwap is the world’s first DEX providing on-chain swaps at zero slippage and multi-chain arbitrage opportunities. As the DeFi universe continues to expand, liquidity becomes increasingly scattered across multiple chains and the situation is poised to get worse as new chains emerge with individual DEXs on each chain. The OpenSwap team has been working for the past several months on building up a vision of a comprehensive one-stop DeFi hub that offers the best on-chain pricing, multi-chain arbitrage, and zero slippage, allowing users to experience revolutionary benefits through optimizing their trades through unique features such as Liquidity Queues, Hybrid Smart Router, and Open Interchain Protocol.