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Cryptocurrency News Articles
Dexalot Expands to Arbitrum, Bringing Advanced Trading Features to Ethereum Layer-2
Apr 25, 2024 at 12:03 am
Dexalot, a decentralized exchange operating on the Avalanche ecosystem, has announced its expansion to Arbitrum, an Ethereum Layer 2 network. This integration brings Dexalot's Central Limit Order Book (CLOB) trading model to Arbitrum users, offering features such as limit orders, robust liquidity, and enhanced capital efficiency. Dexalot's move to Arbitrum aligns with its strategy of multichain growth and is expected to enhance the trading experience for L2 users, providing them with access to advanced on-chain trading functionalities.
Dexalot Extends its Central Limit Order Book to Arbitrum, Empowering L2 Traders with Advanced Features
[City, Date] - Dexalot, the cutting-edge decentralized exchange (DEX) operating on a Central Limit Order Book (CLOB) model, has announced its strategic expansion to the Arbitrum network. This move marks a significant step in Dexalot's mission to expand its reach beyond the Avalanche ecosystem and cater to the thriving Ethereum Layer-2 (L2) community.
Launched in February 2023, Dexalot has garnered acclaim for its innovative CLOB architecture, offering a seamless trading experience akin to centralized exchanges (CEXs). Unlike traditional Automated Market Maker (AMM) DEXes, Dexalot empowers users with the flexibility to set limit orders, eliminating the risk of price slippage and optimizing capital efficiency for traders.
With its debut on Arbitrum, Dexalot introduces unparalleled liquidity, competitive pricing, and unprecedented order visibility, all while maintaining ultra-low gas fees. These features, previously unavailable on Arbitrum, offer L2 traders a comprehensive suite of tools to navigate the markets with confidence.
"We are thrilled to extend Dexalot's multichain order book to the Arbitrum community," said Tim Shan, Dexalot's Chief Operating Officer. "This milestone represents a testament to the Dexalot team's commitment to innovation and our unwavering belief in the power of Arbitrum."
Peter Haymond, Senior Partnerships Manager at Arbitrum, echoed Dexalot's enthusiasm: "Dexalot's Central Limit Order Book on Arbitrum promises to redefine trading experiences for L2 users. Its centralized exchange-like interface, enhanced liquidity, and improved capital efficiency will undoubtedly propel DeFi towards mass adoption."
Since its inception, Dexalot has processed over $1.1 billion in trading volume, a testament to its robust infrastructure and the growing demand for advanced on-chain trading solutions. The launch on Arbitrum is expected to significantly amplify these volumes, providing traders with a secure and reliable platform to execute their trades.
Dexalot's expansion to Arbitrum not only enhances the trading experience for L2 users but also strengthens Arbitrum's position as the leading L2 network for cutting-edge on-chain trading. By bringing together Dexalot's CLOB model and Arbitrum's state-of-the-art technology, this partnership unlocks a new era of decentralized trading, empowering traders with the tools to optimize their strategies and maximize their returns.
About Dexalot
Dexalot is a decentralized exchange operating on a Central Limit Order Book (CLOB) model. It offers a user-centric trading experience with limit orders, competitive pricing, deep liquidity, and unparalleled order visibility. Dexalot's multichain architecture enables seamless order execution across multiple blockchains, providing traders with unparalleled flexibility and access to diverse trading opportunities.
About Arbitrum
Arbitrum is a leading Ethereum Layer-2 scaling solution that enables faster, cheaper, and more private transactions. Built on Optimistic Rollup technology, Arbitrum offers a secure and reliable platform for developers to build and deploy decentralized applications, empowering users with advanced trading capabilities and a seamless user experience.
Disclaimer
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