Order

Arbitrum

Dexalot

April

<div class="finbold">
 <p class="paragraph">Dexalot, the decentralized cryptocurrency exchange (DEX), announced the <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> of its Central Limit Order Book (CLOB) on Arbitrum, according to the information shared with Finbold on April 24.&nbsp;</p>
 <p class="paragraph">The launch sets the stage for Dexalot’s expansion beyond the Avalanche ecosystem.</p>
 <h2 class="wp-block-heading" id="h-dexalot-on-arbitrum">Dexalot on Arbitrum</h2>
 <p class="paragraph">Unlike typical Automated Market Maker (AMM) DEXes, Dexalot’s CLOB exchange operates on a dedicated application-specific blockchain introduced in February 2023.&nbsp;</p>
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 <p class="paragraph">By extending its trading infrastructure to Arbitrum, Dexalot aims to bring a range of powerful <a rel="noopener noreferrer nofollow" title="Category Features" href="https://thebittimes.com/features.html">Features</a> to Ethereum (ETH) Layer 2 (L2) users.</p>
 <p class="paragraph">With its unique design, CLOB offers a user experience more akin to centralized exchanges (CEX), allowing users to place orders at specific price points (limit orders), eliminating price slippage and enhancing capital efficiency for traders.&nbsp;</p>
 <p class="paragraph">Moreover, Dexalot provides transparent order visibility, competitive prices, and deep liquidity with negligible gas fees.</p>
 <p class="paragraph">The move to Arbitrum will grant L2 users access to these features, many of which were previously unavailable.&nbsp;</p>
 <p class="paragraph">Additionally, it will provide Arbitrum projects with a reliable platform to <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> native tokens.&nbsp;</p>
 <h2 class="wp-block-heading" id="h-strong-decentralization">Strong decentralization</h2>
 <p class="paragraph">Dexalot promises strong decentralization by placing all orders on-chain with no custodial risk, aligning with Arbitrum’s principles.</p>
 <p class="paragraph">Tim Shan, Dexalot COO, expressed excitement about expanding Dexalot’s multi-chain order book to the Arbitrum community, stating:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“We are very excited to expand Dexalot’s multichain order book with commingled liquidity to the Arbitrum community.&nbsp; This is a major milestone for the Dexalot team, and we are very proud to achieve on Arbitrum.”</p>
 </blockquote>
 <p class="paragraph">Peter Haymond, Senior Partnerships Manager at Arbitrum, further highlighted the benefits of Dexalot’s Central Limit Order Book on Arbitrum:</p>
 <blockquote class="wp-block-quote">
  <p class="paragraph">“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.”&nbsp;</p>
 </blockquote>
 <h2 class="wp-block-heading" id="h-wrap-up">Wrap-up</h2>
 <p class="paragraph">Since its <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a>, Dexalot has processed over $1.1 billion in transaction volume.&nbsp;</p>
 <p class="paragraph">With its <a rel="noopener noreferrer nofollow" title="launch" href="https://thebittimes.com/tag/launch.html">launch</a> on Arbitrum, it expects to significantly increase these volumes while providing a safer and more secure trading environment, reinforcing Arbitrum’s position as the leading L2 solution for advanced on-chain trading.</p>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/dexalot-s-central-limit-order-book-dex-launches-on-arbitrum-tbt86377.html">https://thebittimes.com/dexalot-s-central-limit-order-book-dex-launches-on-arbitrum-tbt86377.html</a></p>

Dexalot’s Central Limit Order Book DEX launches on Arbitrum

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