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As mentioned in previous articles, Avalanche is the ecosystem that projects “try before you trust”. Currently, when DEX exchanges are tending to rise strongly such as Dydx, GMX, and Dexalot will also be a notable factor when starting to build on the Avalanche ecosystem. So what will the fact that Dexalot is officially launched on Avalanche, let’s follow along with Avaxholics!
What is Dexalot?
Dexalot is a layer-1 protocol, a decentralized platform with order-book transactions made on-chain on the Avalanche blockchain platform. The project helps to achieve cost-effectiveness and on-chain transaction execution while balancing the convenience of use and functionalities of centralized transactions.
KEY ADVANTAGES:
- INNOVATIVE: Decentralized Exchange using on-chain Central Limit Order Books.
- FAST: High transactional throughput with a 1-2 second finality.
- SECURE: Security at the core of all development.
- SIMPLE: Just need your crypto wallet – no intermediaries, non-custodial, near-instant settlement.
- LOW COST: Low fee rates allow users to maximize their returns.
- VISIONARY: Exciting features and community-driven governance are on the horizon.
All transactions, including asset transfers and transaction additions, require confirmation and incur a price. To maintain compliance, these fees are collected in smart contracts on the Avalanche C-Chain.
This is how it works:
Dexalot’s has been officially launched on Avalanche
Recently, Avalanche’s official Twitter page announced the launch of Dexalot its Subnet.
In addition, users when trading on Dexalot have the opportunity to receive incentive rewards with a value of more than $1 million.
Dexalot’s users will be able to deposit and withdraw assets via its app on the Avalanche C-chain, and then trade on the Dexalot subnet, according to a press release. When officially launching the subnet, the difference between it and the mainnet through the use of cross-chain protocols thereby reduces gas fees when transacting.
About project: website | twitter | telegram | discord | medium
Conclusion
With CEX losing the upper hand, DEX is increasingly popular and trading volume is increasing sharply. Dexalot will probably take this time to step up the project and develop the project.
All information in the article is for reference only, this is not investment advice. Hopefully, the information that Avaxholic has gathered in the article will be useful to you.
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