Company OverviewOpenOcean
was founded in 2019 and is headquartered in Singapore. The project released its first version, the Antarctic Sea, in September 2020, followed by Atlantic and Pacific versions, further expanding its capabilities. Led by co-founder Cindy Ng (specializing in blockchain and DeFi) and MySQL founder Michael Widenius, the OpenOcean team has 16 full-time members with financial and technical backgrounds from companies such as IBM, Intel, and HP. OpenOcean has raised more than $2 million from investors such as Binance Labs, Altonomy, AU21 Capital, and OKX Ventures, which has supported its growth as a leading DEX aggregator.
Products & Services
OpenOcean offers a comprehensive range of DeFi products and services with a focus on liquidity aggregation, cross-chain functionality, and user accessibility. Its core products include:
Decentralized Exchange (DEX) and
Centralized Exchange (CEX) aggregation: OpenOcean aggregates liquidity from more than 1,000 sources such as decentralized exchanges (DEXs) such as Uniswap and PancakeSwap, as well as centralized exchanges (CEXs) such as Binance, to provide users with the best swap rates. Its D-star algorithm, an optimized version of Dijkstra's algorithm, splits transactions into multiple protocols to minimize slippage and gas fees, providing real-time price comparisons without the need for a centralized exchange account.Cross-chain exchange
OpenOcean supports seamless token swaps between more than 35 blockchains, including Ethereum, BNB Chain, Solana, Arbitrum, Avalanche, Polygon, and Rootstock. By integrating bridges such as Celer, Stargate, and Multichain, the platform ensures competitive cross-chain exchange rates, supporting over 1,100 cryptocurrencies. The one-click cross-chain swap feature simplifies asset transfers, lowers costs, and reduces latency.Limit Orders
OpenOcean's No Gas Limit Order feature, launched in December 2021, allows users to set a specific price point for a trade without locking tokens or paying additional gas fees for creating or canceling orders. The feature combines a request for quotation (RFQ) and an AMM order flow to enhance transaction flexibility across 13 blockchains.Liquidity Pools vs. Mining
OpenOcean provides liquidity pools with a transaction fee of 0.2%, of which 0.15% is allocated to liquidity providers and 0.05% to the vault. Liquidity providers can be rewarded with OOE tokens through liquidity mining and transaction mining programs, which incentivizes participation. The pool supports trading pairs such as OOE/ETH and OOE/BNB, with plans to expand to more blockchains.OOE Token & Governance
OOE token has a fixed issuance of 1 billion as the governance and utility token of the platform. The token is deployed on the BNB Chain, and holders can vote on protocol parameters, DEX integration, and chain scaling. OOE stakers can get gas fee rebates and slippage subsidies, and hold 8,000 OOE to get great rewards. During token generation, 1.9% of the token supply is airdropped to early adopters.Derivatives & Staking:
OpenOcean supports perpetual contract trading, allowing users to leverage their positions without holding the underlying asset, and offering discounted fees to OOE holders. The platform aggregates liquid staking tokens (LST) from providers such as Lido and RocketPool, offers a one-click staking solution, and offers daily Ethereum staking rewards.APIs and developer tools
OpenOcean provides middleware APIs used by protocols such as MetaMask, GMX, and Banxa, enabling developers to integrate their liquidity aggregation and cross-chain swap capabilities into dApps. The Junior Membership (PME) provides institutional investors with an automated arbitrage tool between DEXs and CEXs.Security & User Experience
OpenOcean's minimalist interface caters to both novice and professional traders, with the classic and pro versions offering simple exchange features as well as advanced tools such as candlestick charts and grid trading. The platform is non-custodial, supports wallets such as MetaMask and Ledger, and ensures a high level of security through regular audits and token risk assessment through ODES (OpenOcean DeFi Evaluation System).
Market
PositioningOpenOcean is positioned as a leading decentralized exchange (DEX) aggregator and cross-chain trading platform with a focus on cost-effectiveness, convenience, and comprehensive liquidity. As of May 2025, its 24-hour average trading volume is $100,677, and the OOE token price is around $0.0032. The platform supports over 35 blockchains, including EVM-compatible blockchains (Ethereum, Arbitrum) and non-EVM blockchains (Solana, Rootstock), making it a versatile trading hub. OpenOcean's target customers are retail investors, institutional investors, and developers looking for the best trading rates and cross-chain functionality. Its free model for individual traders, which only charges blockchain gas fees and transaction fees, increases user affordability, while institutional services such as PME generate revenue.
The platform's partnership with Binance Labs and integrations with major decentralized exchanges and bridges enhance its ecosystem impact. OpenOcean's roadmap includes expanded derivatives, wealth management services, and support for other blockchains such as Polkadot, aiming to become a one-stop DeFi trading solution. OpenOcean focuses on a user-friendly interface and developer tools that allow it to capture both the crypto-native and institutional markets.
SummaryFounded
in 2019 and headquartered in Singapore, OpenOcean is a leading decentralized exchange (DEX) aggregator operating across more than 35 blockchains. Its products include cross-chain swaps, limit orders, liquidity pools, and developer APIs for traders, institutions, and dApps. With a large trading volume and a focus on low-cost, efficient transactions, OpenOcean is an important DeFi infrastructure provider. Although risks such as smart contract vulnerabilities and token economics still exist, its innovative approach and community governance make it a significant contributor to decentralized finance.
