Nikolas Sargeant
Dexalot, a central limit order book (CLOB) decentralized exchange, announced on Wednesday, April 24th, that it has launched on the Arbitrum blockchain.
In a press release shared with Cryptowisser, Dexalot said this latest development comes as it looks to expand beyond the Avalanche ecosystem. The decentralized exchange currently operates a dedicated application-specific chain, which was launched in February last year.
The DEX explained that its CLOB differs from conventional AMM DEXes as it delivers a user experience like a centralized exchange (CEX). Dexalot allows users to place orders at specific price points (limit orders), removing price slippage and achieving greater capital efficiency for traders.
Furthermore, the decentralized exchange provides users with transparent order visibility, superior prices, and deep liquidity with gas fees that are a fraction of a penny.
Arbitrum users will now have access to the numerous features Dexalot offers. The launch will also allow Arbitrum projects to enjoy a reliable platform to launch native tokens.
While commenting on this launch, Tim Shan, Dexalot’s COO said:
“We are very excited to expand Dexalot’s multichain order book with commingled liquidity to the Arbitrum community. This is a major milestone for the Dexalot team, and we are very proud to achieve on Arbitrum.”
Peter Haymond, Senior Partnerships Manager at Arbitrum added:
"Dexalot's Central Limit Order Book on Arbitrum promises fairer pricing, deeper liquidity, and enhanced capital efficiency. Offering a centralized exchange-like experience will move DeFi closer to mass adoption.”
Dexalot has so far processed over $1.1 billion in transaction volume since it was launched. The team hopes to boost Dexalot’s trading volume with its launch on the Arbitrum network while providing a safer and more secure trading experience.
Dexalot is a decentralized exchange that brings the traditional centralized exchange look and feel to a decentralized on-chain application. Its Central Limit Order Book DEX represents an inclusive and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk.
