By Shelly Melancon (Switzerland)
Per a new press release, OpenOcean will be expanding to Solana. When it becomes real, OpenOcean will be the first DEX aggregator to accomplish this feat. A spokesperson from OpenOcean global posted yesterday that the DEX aggregator has granted the wish of its over 44,000 community members who participated in a poll via the company’s official Twitter handle.
The company recorded 14,000 votes on the first day of polling when it was launched three days ago. Apart from Solana, the other top aggregator options members suggested were fantom, avalanche, and polygon. Solana must have been an overwhelming choice given its fast growth rate, making it a strong competitor for Ethereum.
All-Round Good News from OpenOcean This Month
OpenOcean operates in the centralized and decentralized finance space. The protocol’s operations extend to Ontology, Tron, BSC, and Ethereum networks. Once the expansion to Solana is complete, OpenOcean users can trade on SOL (the Solana token), RAY (Raydium), FIDA (Bonfida), OXY (Oxygen), and SRM (Serum). OpenOcean has assured its users that partnering with Solana will allow users to trade on several platforms without paying exorbitant trade fees or slippage. In addition, OpenOcean has revealed that it still plans to expand into other blockchains to attain optimum interoperability and effectiveness.
This news caps the various good news that has been emanating from the DEX aggregator this month. Last week, OpenOcean revealed that it had concluded plans to expand its services into the Asian, Russian and Spanish markets. The reason is that OpenOcean’s over 200,000 users comprise people from over 200 countries.
Also read:Other Solana Collaborations
OpenOcean’s Solana collaboration comes when the fast-rising blockchain is halfway through its second season hackathon – an event that started in the middle of this month. Entrepreneurs, designers, and developers have until June 7 to submit their projects for the hackathon and compete to win various cash prizes, estimated to be about $1 million for the entire 20-day event. The Solana team also announced that it would be co-hosting a virtual hackathon with CoinCDX, an Indian crypto exchange.
Devfolio representatives will also be participating in this Solana-CoinCDX collaboration. The firms are collaborating in the hope of strengthening the bond among crypto and blockchain communities in India. In addition, the India track of the current Solana hackathon is sponsored with cash prizes totaling $50,000 via a sponsorship collaboration between Devfolio and CoinCDX.
Yesterday, the Solana team tweeted a tribute to Devfolio founder and CEO, Shakti Goap who died from COVID-19 complications this month. Part of the tweet read, “We express our deep condolences to the Shakti Goap and family. Since Devfolio was a partner at our recent hackathon, Goap was one of the judges at the event. As an honor to his memory, the Solana foundation will make a $25,000 donation through the bhumi organization.”
Despite being new to the industry (it was launched in the third quarter of last year), OpenOcean has gained traction quite quickly, especially recoding the feat of being the first protocol to link the Cefi and Defi worlds.
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