OpenOcean
OOE
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
OpenOcean (OOE) demonstrates legitimate technical foundations with ongoing code development and non-custodial smart contracts audited by SlowMist and PeckShield. Recent development activity includes tooling updates and preparation for new chain deployments. However, the project faces severe adoption and traction headwinds. Market metrics reflect low liquidity (~$48.3K 24h volume), depressed TVL (~$362.95K), and a market cap of ~$1.3M alongside severe token concentration where the top BSC holder owns over 78% of the supply. Governance and community engagement are largely dormant with zero recent mainnet activity. While an exploit occurred on its Base Limit Order contract in February 2025 resulting in ~$22,000 in losses, it was minor, quickly contained, and does not meet the threshold for a catastrophic red-flag event. The weighted average score across all six sections is 4.75/10.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About OpenOcean (OOE)
OpenOcean (OOE) is a non-custodial decentralized exchange (DEX) and cross-chain liquidity aggregator designed to optimize swap routing across multiple blockchain networks, including Binance Smart Chain, Arbitrum One, Ethereum, and Base. The protocol aggregates liquidity sources and offers functionalities such as a core swap routing protocol, limit orders, and staking modules. The OOE token serves as the protocol's utility and governance asset with a fixed maximum supply of 1,000,000,000 tokens, utilized for staking, nominal DAO voting, and derivative fee rebates.
The protocol's smart contracts are non-custodial and open source, with historical security audits conducted by firms including SlowMist and PeckShield for its core routing, exchange contracts, and staking modules. Active repository updates include ongoing tooling development, AI-integration tooling, and preparations for additional network integrations.
On February 11, 2025, OpenOcean experienced a security exploit targeting its newly launched Limit Order contract on the Base network, resulting in approximately $22,000 in user losses. The affected contract was paused immediately and replaced with an updated implementation. In addition to security considerations, the project faces operational challenges, including reduced market liquidity, low total value locked (TVL), dormant community governance activity, and severe token concentration on Binance Smart Chain, where the top address holds over 78% of the circulating supply.