2021-12-10 18:56 |
OpenOcean OOE/USD is a decentralized finance (DeFi) and centralized finance (CeFi) full aggregator, which means that it finds the best price, has no additional fees and has the lowest slippage for traders.
It does this by applying an optimized intelligent routing algorithm.
The aggregation to Arbitrum as a catalyst for growthOn November 1, we discussed how OpenOcean outperformed 1inch 69% of the time for USD quote price as well as gas fees.
OpenOcean announced its successful aggregation of Arbitrum on December 8 through Twitter.
This enables two major advantages, including reduced transaction costs as well as an instant confirmation.
It aggregates leading decentralized exchanges, including UniSwap V3, Balancer V2, SushiSwap, DODO, Synapse, Curve, and others.
As a result of these aggregations, OpenOcean users have the ability to trade with maximum returns on a multitude of Ethereum Layer-2 constructions.
That said, Arbitrum has become a leader when it comes to Layer-2 on top of Ethereum, with over 40% in terms of market share of the Total Value Locked (TVL).
It has also gained a lot of commitment from large players as well as a rapid increase as it now has the most volume and the highest number of users.
All of this has the potential to increase the value of the OOE token, so should you buy it?
Should you buy OpenOcean (OOE)?On December 9, OpenOcean (OOE) had a value of $0.3172.
To see what kind of value point this is for the token, we will compare it to its all-time high value as well as its performance in November.
The all-time high value of OpenOcean (OOE) occurred on September 3, when the token reached a value of $1.03.
Here, we can see that at its all-time high value, the token was $0.7128 higher in value or by 224%.
Going over the OOE token’s performance in November, however, we can see that the token had its highest value on November 9, when it raised its value to $0.6495.
Its lowest point of value was on November 28, when the token fell to $0.4015.
This gives us an indication that from November 9 to November 28, the token fell in value by $0.248 or by 38%.
At its current price of $0.3172, OOE is a worthwhile purchase due to the fact that after the aggregation of Arbitrum, the token has the potential to reach $0.05.
The post Should you buy OpenOcean after its successful aggregation of Arbitrum? appeared first on Invezz.
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