Dexalot, a decentralized exchange (DEX) known for its Central Limit Order Book (CLOB), has announced its expansion onto the Arbitrum network. This move signifies Dexalot’s intention to expand beyond the Avalanche ecosystem.
Originally launched in February 2023, Dexalot currently operates its CLOB exchange on a dedicated application-specific chain. By extending its trading infrastructure to Arbitrum, Dexalot will offer Ethereum L2 users a range of powerful features.
The unique design of Dexalot’s CLOB provides users with a trading experience similar to that of a centralized exchange (CEX), distinguishing it from traditional Automated Market Maker (AMM) DEXes. With Dexalot, users can set limit orders, which eliminate price slippage and improve traders’ capital efficiency. Moreover, Dexalot offers substantial liquidity, competitive pricing, and transparent order visibility, all with minimal gas fees.
Previously, many of these functionalities were not available on the network. The introduction of Dexalot on Arbitrum will grant L2 users access to these features and provide a reliable platform for native token launches for Arbitrum initiatives. Dexalot maintains the high level of decentralization inherent in Arbitrum’s architecture by putting all orders on-chain without incurring any custodial risk.
Tim Shan, Dexalot’s COO, expressed his enthusiasm for the expansion, stating:
“We are excited to bring Dexalot’s advanced trading capabilities to the Arbitrum network. This move will not only enhance the trading experience for L2 users but also contribute to the growth and development of the broader decentralized finance (DeFi) ecosystem.”
Peter Haymond, Senior Partnerships Manager at Arbitrum, also commented:
“We are pleased to welcome Dexalot onto the Arbitrum network. With its CLOB exchange and innovative features, Dexalot will play a crucial role in advancing on-chain trading on Arbitrum and solidify our position as the leading Layer 2 solution for advanced trading.”
Since its initial launch, Dexalot has facilitated over $1.1 billion in transactions. With its expansion onto Arbitrum, it is expected that these transaction volumes will significantly increase, providing users with a more secure and reliable trading environment. Additionally, it will reinforce Arbitrum’s status as the top Layer 2 solution for advanced on-chain trading.
