Dexalot Central Limit Order Book Subnet on Avalanche
Dexalot Central Limit Order Book Subnet on Avalanche, Dexalot’s novel infrastructure enables users to access a decentralized trading protocol with a centralized exchange experience.
The goal of the Dexalot Subnet is to give users the same experience as a centralized exchange (CEX), but without giving up decentralization or transparency. Its team has spent months using the Avalanche Fuji test network to build and improve its application so that it can provide an on-chain central limit order book (CLOB) with low transaction fees, fast transaction completion, and support for all spot trading pairs.
The Subnet is a key pillar of Dexalot’s dual-chain application. Traders deposit and withdraw assets through the Dexalot application on the Avalanche C-Chain, and then trade on the Dexalot Subnet. Communication between the Mainnet and Subnet occurs through generic message passing using high-end cross-chain communication protocols, like LayerZero. This enables traders to trade with confidence — without surrendering custody of their assets — and may reduce slippage in trade execution.
Dexalot is the first decentralized exchange on Avalanche with a central limit order book. Dexalot users may trade crypto safely and effectively on the Avalanche-powered DEX.
Avalanche network is the blockchain industry’s quickest smart contracts platform digital asset. Avalanche is blazingly fast, low cost, echo-friendly Any smart contract-enabled application can outperform its competition by deploying on Avalanche.