Dexalot, a decentralized exchange, has announced its launch on Arbitrum, marking a significant expansion beyond the Avalanche ecosystem. The current CLOB exchange of Dexalot, which was launched in February 2023, operates on a dedicated application-specific chain. By extending its trading infrastructure to Arbitrum, Dexalot aims to offer Ethereum L2 users a range of powerful features.
One notable feature of Dexalot’s CLOB design is its user experience, which resembles that of a centralized exchange (CEX) rather than a traditional automated market maker (AMM) DEX. With Dexalot, users can set limit orders, which eliminate price slippage and enhance traders’ capital efficiency. Moreover, Dexalot provides ample liquidity, competitive pricing, and transparent order visibility, all at a fraction of a penny for gas fees.
Several of these functionalities were previously unavailable on the network, but with the introduction of Dexalot on Arbitrum, L2 users can now access them. Additionally, Dexalot will serve as a reliable platform for native token launches for Arbitrum initiatives. Notably, Dexalot maintains the high level of decentralization inherent in Arbitrum’s architecture, as all orders are put on-chain without incurring any custodial risk.
Tim Shan, COO of Dexalot, expressed enthusiasm about the launch, stating that it will not only expand their transaction volumes but also provide a more secure trading environment. Peter Haymond, Senior Partnerships Manager at Arbitrum, added that the launch on Arbitrum will solidify its position as the leading L2 for advanced on-chain trading.
Since its launch, Dexalot has facilitated over $1.1 billion in transactions, and it is expected that these volumes will increase significantly with the introduction of Arbitrum. This move will further enhance the safety and security of trading while establishing Arbitrum as the go-to L2 solution for advanced on-chain trading.