The Avalanche Subnet-based decentralized exchange (DEX), Dexalot, has introduced two significant new features. Together, SimpleSwap and SimpleView enable traders to take advantage of portfolio visibility improvements and AMM-style swaps.
Dexalot has more advanced functionality than a traditional DEX since it is a central limit order book (CLOB) exchange. Dexalot has introduced SimpleSwap and SimpleView to guarantee users have the best possible experience, combining the ease of use of a DEX with the sophisticated trading capabilities of a CEX.
On September 19, when SimpleSwap is expected to become live, customers will be able to take advantage of a CLOB’s narrow spreads and competitive pricing while still enjoying the familiar look and feel of AMM atomic swaps seen throughout DeFi. Due to the clear, uncluttered UI, Dexalot traders will be able to switch between tokens fast and simply. This functionality will enhance the order book format already in use.
Users of SimpleSwap will have the option of trading directly on the Dexalot platform or via third-party aggregators. Users may use SimpleSwap anywhere they like to trade thanks to Dexalot’s connectivity with a number of aggregators. They will be able to take advantage of the top-notch price that Dexalot is known for, including unmatched onchain pricing for assets like WETH.e and BTC.b.
Dexalot is introducing SimpleView in an attempt to help its ongoing efforts to improve user experience. Users may quickly monitor the state of their portfolio with the aid of this quick-look account abstraction tool. It might be challenging to maintain track of tokens while utilizing a CLOB exchange since traders often have assets in many marketplaces. This issue is resolved by SimpleView, which makes it simple for traders to ascertain the worth and make up of their portfolios.
“Simple Swap has the potential to become the perfect conduit for the most capital-efficient liquidity to get to traders. CLOB style trading is the only way to trade in TradFi because of its capital efficiency and this wasn’t possible in Web3 until Dexalot. With Simple Swap, we now have the perfect atomic transaction capability without compromising on the quality of liquidity like AMMs and AMM variants do.” said Berk Ozdogan, Head of Strategy at Dexalot.
Matthew Schmenk, BD at Ava Labs adds “Dexalot’s central limit order book architecture makes for some of the best swap pricing in all of blockchain and with SimpleSwap, Dexalot should win a lot of swap routes and volumes.”
Dexalot has executed over 17 million transactions since going live on its own Avalanche Subnet, with a daily trade volume of up to $5 million. Wall Street financial professionals that are on its staff have contributed their expertise to making Dexalot the most sophisticated decentralized exchange of its type. Dexalot has also just received up to $3 million in user incentives from Avalanche’s Multiverse Fund.