Dexalot announces launch of its central limit order book DEX on Arbitrum

Dexalot, a decentralized exchange known for its central limit order book (CLOB) design, is expanding its reach by launching on Arbitrum, marking its first venture outside of the Avalanche ecosystem.

This new development introduces a suite of enhanced trading features to Arbitrum’s Ethereum L2 users.

Expansion into new territory

Previously operating exclusively on a dedicated application-specific chain within the Avalanche network since February 2023, Dexalot’s move to Arbitrum aims to leverage the robust features and decentralization inherent in the Ethereum L2 solution.

This strategic expansion will provide Arbitrum users access to advanced trading functionalities and offer a platform for Arbitrum projects to launch their native tokens efficiently.

A game-changing trading experience

Dexalot differentiates itself from conventional automated market maker (AMM) decentralized exchanges (DEXes) by offering a trading experience similar to centralized exchanges (CEXes).

It allows users to place limit orders, thus eliminating price slippage and enhancing capital efficiency.

The exchange promises transparent order visibility, superior pricing, and deep liquidity, all while maintaining minimal gas fees.

Tim Shan, COO of Dexalot, expressed enthusiasm about the launch:

“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.”

Support from Arbitrum enhances prospects

Peter Haymond, Senior Partnerships Manager at Arbitrum, highlighted the benefits of Dexalot’s integration, stating,

“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.”

Since its inception, Dexalot has processed over $1.1 billion in transaction volume.

Its launch on Arbitrum is anticipated to significantly increase these volumes, further enhancing the safety and security of trading experiences on the platform, and solidifying Arbitrum’s position as a leading L2 solution for sophisticated on-chain trading.

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