TL;DR
- Dexalot has launched the Central Limit Order Book (CLOB) on the Arbitrum network, expanding its reach beyond the Avalanche ecosystem.
- CLOB operates on a specific application blockchain, providing a user experience similar to centralized exchanges (CEX).
- Integration with Arbitrum provides a platform for projects to launch native tokens, potentially catalyzing adoption and innovation in the DeFi sector.
The decentralized exchange Dexalot has launched the Central Limit Order Book (CLOB) on the Arbitrum network. This initiative represents a significant advancement for the DEX as it extends its reach beyond the Avalanche ecosystem, opening up new opportunities for Ethereum Layer 2 (L2) users.
Unlike conventional decentralized exchanges operating on Automated Market Makers (AMM), CLOB operates on a specific application blockchain, offering a user experience more akin to centralized exchanges (CEX). This feature allows users to place specific limit orders, eliminating price slippage and improving capital efficiency for traders.
The next phase of Dexalot's evolution has arrived!
We're thrilled to announce our official launch on @arbitrum (💙,🧡).
“Our skilled engineering team has successfully enhanced our infrastructure to seamlessly integrate with other EVM chains, marking a significant step forward… pic.twitter.com/bquD8uxEhH
— Dexalot🔺 (@dexalot) April 24, 2024
Integration with Arbitrum provides a platform for projects to launch native tokens. This could catalyze adoption and innovation in the DeFi sector by providing developers with a robust and secure infrastructure to build and launch their projects.
One of Dexalot’s most appealing aspects is its strong commitment to decentralization. All orders are placed on-chain without custodial risk, aligning perfectly with Arbitrum’s design principles, giving users greater control over their assets and transactions.
Dexalot and Arbitrum: Key Players in the DeFi Sector
Decentralized finance is experiencing exponential growth and increased demand for secure and efficient solutions. Dexalot’s expansion to Arbitrum is a significant contribution to providing users with access to advanced trading features, driving the development and maturity of the DeFi ecosystem overall.
Since its launch, Dexalot has processed over $1.1 billion in transaction volume, and this figure is expected to increase over time thanks to its integration with Arbitrum. Additionally, it will strengthen ARB’s position as a leading Layer 2 solution for on-chain trading.
With advanced features, a focus on decentralization, and a vision of continuous expansion, Dexalot is poised to play a key role in the evolution and growth of the decentralized economy.
