Benzinga - New York-based decentralized exchange Dexalot, operating on an Avalanche Subnet, has rolled out two significant features: SimpleSwap and SimpleView. These tools are designed to simplify the trading experience, merging the ease of a DEX with the advanced capabilities of a CEX.
SimpleSwap: Bridging the Gap
SimpleSwap offers users the advantages of a central limit order book (CLOB): tight spreads and superior pricing. Yet, it retains the familiar interface of AMM atomic swaps popular in DeFi. This means traders can swiftly switch between tokens through a straightforward interface, a step from the traditional order-book format.
Moreover, SimpleSwap isn't confined to the Dexalot platform. Its integration with various third-party aggregators ensures users can trade wherever they're most comfortable, accessing top-tier pricing for assets like WETH.e and BTC.b.
SimpleView: A Quick Glance at Your Portfolio
With the introduction of SimpleView, Dexalot addresses a common challenge for traders on CLOB exchanges: tracking assets across multiple markets. This feature provides a snapshot of a user's portfolio, allowing them to assess its value and composition easily.
Industry Insights
Berk Ozdogan, Dexalot's head of strategy, commented on the potential of SimpleSwap, emphasizing its efficiency. In a statement, he said, "Simple Swap could be the ideal channel for efficient liquidity to reach traders. Traditional finance has always favored CLOB-style trading for its capital efficiency. With Simple Swap, we've introduced this to Web3, ensuring top-notch liquidity without the compromises seen in AMMs."
Echoing this sentiment, Matthew Schmenk from Ava Labs stated, "Dexalot's CLOB architecture offers some of the best swap pricing in the blockchain realm. With SimpleSwap, we anticipate a surge in swap routes and volumes."
Dexalot's Growing Footprint
Since its inception on the Avalanche Subnet, Dexalot has recorded over 17 million transactions and boasts a daily trading volume reaching $5M. The platform's team, comprising Wall Street veterans, leverages its financial expertise to position Dexalot as a leading decentralized exchange. Furthermore, Dexalot recently secured up to $3 million in user incentives from Avalanche’s Multiverse Fund.
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