A Letter to OpenOcean Community & Investors
Dear Investors and Supporters,
2021 was an incredible year for OpenOcean!
Having launched our own token in July 2021, we continued building our ecosystem to ensure an efficient trading experience and maximized profits for traders by capturing better opportunities for trading. Our mission is to enable every trader to access an ecosystem that facilitates trading more efficiently in better returns and captures trading opportunities. We are pleased to share the milestones we accomplished in 2021 and updates on Q1 2022 deliverables.
More network expansion
OpenOcean is continuing to expand its trading universe. In 2021, OpenOcean aggregated leading layer-1 blockchains and layer-2 scaling solutions, including Ethereum and Loopring, Binance Smart Chain, Avalanche, Polygon, Fantom, Solana, Arbitrum, Terra, Gnosis (formerly xDai), Boba, HECO, OEC, Ontology, and Tron. Given that OpenOcean has integrated 14 blockchains including EVM and non-EVM chains (Solana and Terra), OpenOcean is clearly the most flexible solution on the market today. Besides, as the first and leading aggregator in Avalanche, Fantom, Terra, Gnosis, and Boba, OpenOcean has the absolute advantage to compete with other DEX aggregators.
Active user and community growth
There are more than 400,000 active addresses, a growth rate of 5479% in one year. The number of trades has increased 2650% since early 2021, reaching 1.5 million. This was made possible thanks to a vast array of liquidity sourced from 95 aggregated exchanges, totaling $67b+ in liquidity.
Our community also has grown exponentially. The OpenOcean community reached 236,000 Twitter followers and over 80,000 members in Telegram and Discord.
Atlantic version
In Q4 2021, OpenOcean launched the Atlantic version, providing users with a superior algorithm and protocol upgrades to optimize trading for the best returns based on multiple parameters, outperforming other DEX aggregators by avg. 60% of testing cases. Along with the Atlantic version, OpenOcean upscaled its UI/UX design quality, including advanced route visualization. As a multi-chain aggregator along with a superior algorithm offering maximum return, OpenOcean has attracted whales to trade. Along with Atlantic upgrade, we also introduced our API 2.0, a simplified, user-friendly interface, which has been mass adopted by Web 3.0 projects such as Ankr and Mask Network, and individuals.
Advanced trading tool
OpenOcean launched limit orders functionality, which is a valuable tool for advanced DeFi trading, offering more flexibility and efficiency to DEX traders.
Revolutionary SaaS tools for Intelligent Wealth Management
To mark the end of 2021, we also launched the Beta version SaaS products for intelligent wealth management access — automated arbitrage between DEXes and CEXes and grid trading for DeFi and CeFi. These features make OpenOcean a unique place that can be used as your one-stop entrance into the market. This increases trading efficiency and profits, and captures trading opportunities for crypto traders.
The Q1 2022 outlook
Currently, we have profitable Farms and Vaults on Ethereum, Binance Smart Chain, and Fantom, so you can make your OOE work for you. Soon we will launch the OpenOcean VIP membership including those who have traded and participated in the liquidity mining and staking program on OpenOcean, with which you can utilize OOE to enjoy advanced trading functions.
In Q1 2022, we will continue with algorithm upgrades to offer better price solutions and expand to more networks such as Cosmos, Near.
We will launch cross-chain solutions by implementing $OOE for cross-chain swap gas fee.
More exciting features for derivative aggregations and NFT will also come in 2022!
Thank you for your continued support,
OpenOcean Team
