Dexalot, the decentralized exchange powered by Avalanche, is introducing two new features called SimpleSwap and SimpleView to enhance the trading experience for users. SimpleSwap, set to launch on September 19, 2023, combines the benefits of AMM-style swaps with the advanced trading tools of a central limit order book (CLOB) exchange. This feature allows Dexalot traders to easily and quickly swap between tokens through a clean and user-friendly interface. Users can execute trades directly on the Dexalot platform or through third-party aggregators. SimpleSwap is integrated with multiple aggregators, ensuring accessibility for users across various trading platforms.

With SimpleSwap, Dexalot aims to provide traders with superior pricing and liquidity, including unrivaled onchain pricing for assets such as WETH.e and BTC.b. The goal is to offer a capital-efficient liquidity solution for traders. Additionally, Dexalot is launching SimpleView, a feature that provides a quick overview of a user’s portfolio status. This account abstraction feature helps traders keep track of their assets in various markets, making it easier to determine portfolio value and composition.

Berk Ozdogan, head of strategy at Dexalot, emphasizes the potential of SimpleSwap as a conduit for capital-efficient liquidity. He highlights the capital efficiency of CLOB-style trading, which was previously only available in traditional finance (TradFi) and not in the Web 3.0 space until Dexalot introduced it. SimpleSwap now offers atomic transaction capability without compromising on the quality of liquidity, unlike automated market makers (AMMs) and their variants.

Matthew Schmenk, BD at Ava Labs, praises Dexalot’s central limit order book architecture for providing some of the best swap pricing in the blockchain industry. He believes that with SimpleSwap, Dexalot will attract a significant amount of swap routes and volumes.

Since its launch on an Avalanche Subnet, Dexalot has processed over 17 million transactions and has a daily trading volume of up to $5 million. The Dexalot team consists of financial experts with Wall Street backgrounds, leveraging their experience to develop Dexalot as the most advanced decentralized exchange of its kind.

In addition, Dexalot has recently been awarded up to $3 million in incentives for users from Avalanche’s Multiverse Fund.

About Dexalot: Dexalot is a decentralized exchange that brings the traditional centralized exchange look and feel to a decentralized on-chain application. Powered by Avalanche, Dexalot’s CLOB DEX offers a transparent and secure environment for users to trade cryptocurrencies without slippage or custody risk.

For more information, visit the Dexalot website.

Contact: Dan Edelstein, MarketAcross

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