• The decentralized cryptocurrency exchange Dexalot has launched a Hybrid DeFi Subnet on the Avalanche network
• This dual-chain application provides an on-chain central limit order book (CLOB) with minimal transaction costs and supports spot trading pairs
• Using a combination of high-end cross-chain communication protocols, the Dexalot Subnet seeks to provide an optimized user experience for DeFi traders
The decentralized cryptocurrency exchange Dexalot has made a major breakthrough in the development of decentralized trading protocols by launching a Hybrid DeFi Subnet on the Avalanche network. This dual-chain application provides an on-chain central limit order book (CLOB) with minimal transaction costs and support for several spot trading pairs.
Using the Avalanche Fuji test network, the Dexalot team has spent months developing and fine-tuning its application to provide a seamless user experience. A crucial component of the Dexalot Subnet is the use of high-end cross-chain communication protocols during communication between the Mainnet and Subnet. This may lessen slippage in trade execution and allows DeFi customers to trade with confidence without giving up custody of their assets.
“By utilizing both the host chain and exchange chain, we have optimized Dexalot for speed, safety and above all, experience,“ says Co-Founder and CTO Cengiz Dincoglu. “We are looking forward to introducing DeFi traders to the Subnet on the Avalanche network, and to further differentiating our platform from other centralized and decentralized exchanges in the market.“
The Dexalot Subnet is designed to establish a base for expanding to other host chains to further DeFi mass adoption. Moreover, the creative Subnet implementation will serve as a base for the development of several ecosystem interoperabilities onto the Dexalot Subnet. These integrations will increase the number of options available to DeFi traders and will offer more opportunities for traders to maximize their profits.
Dexalot’s commitment to providing a superior user experience has been a major factor in its success. With the launch of its Hybrid DeFi Subnet, Dexalot is poised to become an even more influential player in the DeFi space. The team is confident that its innovative design and dedication to providing a secure and transparent trading environment will continue to make it a favorite for DeFi traders.