Dexalot, a decentralized exchange operating on an Avalanche subnet, has launched two major new features: SimpleSwap and SimpleView. SimpleSwap allows users to benefit from the tight spreads and excellent pricing of a CLOB, but with the look and feel of the AMM atomic swaps that are ubiquitous in DeFi. SimpleView helps users check the status of their portfolio at a glance.Since launching on its own Avalanche Subnet, Dexalot has processed over 17 million transactions with daily trading volume of up to $5 million. Its team includes financial veterans with a background on Wall Street, whose experience has been brought to bear in developing Dexalot as the most advanced decentralized exchange of its kind. Additionally, Dexalot was just awarded up to $3 million in incentives for users from Avalanche’s Multiverse Fund.Dexalot brings the traditional centralized exchange look and feel to a decentralized on-chain application. The Avalanche-powered CLOB (central limit order book) DEX represents an accessible and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk.
This News Article was automatically generated by Bob the Bot (AI)
This News Article was automatically generated by Bob the Bot (AI)
| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇺🇸 |
| Sentiment | positive |
| Relevance Score | 9 |
| People | Berk Ozdogan, Matthew Schmenk |
| Companies | Avalanche, Ava Labs, Dexalot, Multiverse Fund, Wall Street |
| Currencies | Bridged Wrapped Ether, Ethereum, Bitcoin, Avalanche |
| Securities | None |
