OpenOcean Launches DEX Aggregator on Rootstock
A decentralized exchange aggregator OpenOcean made a successful progress in the blockchain environment by bringing in its services to Rootstock, a decentralized finance (DeFi) protocol built on the Bitcoin network.
Why is This Important?
The integration is a remarkable event as OpenOcean makes the introduction of the first DEX aggregator on Rootstock. This platform, constructed on Bitcoin, is compatible with Ethereum’s Virtual Machine (EVM) and provides a mix of Bitcoin’s security and Ethereum’s cryptoeconomic potential.
The platform of the Rootstock EVM is able and welcomes any of the OpenOcean Ecosystem users to be part of the Ethereum possibilities while using Bitcoin security. With regulating the growth of the Root, head of growth Guy P. told that this particular expansion is fully in line with the mission of OpenOcean to offer the best and smooth trading solutions for the users across different blockchains. It is also the first time that users can utilize Bitcoin network trust in novel ways.
“This expands the scale and optimization of our competences all over our at present supported platforms; hence, it is also a big deal because with Bitcoin’s example is first time in history that we have enabled our customers to use the trust of this network in the way that was not allowed before,” Guy P. elucidated during the announcement.
Now, OpenOcean is well-known in crypto trading due to its operation on 35+ blockchains and which is integrated with 99%, with liquidity provision also sourced from major platforms like Uniswap (UNI). With the help of collaboration with Rootstock, now it can process all cryptocurrencies and their trade pairs in the Bitcoin DeFi community.
Growing Focus on Bitcoin DeFi
Bitcoin’s environment is witnessing an increase in decentralized finance operations as more users are interested in using their BTC holdings within the DeFi space. During an interview last year, the dynamic duo shared some of their thoughts on the upcoming DeFi bull market and where they made their case of companies such as Chainlink, the most valuable of the lot, but Glitch would require much more highly talented people.
