September 19, 2023 – New York, New York
SimpleSwap and SimpleView are two complementary tools offered by Dexalot, providing traders with the benefits of AMM-style swaps and enhanced portfolio visibility, respectively.
Dexalot, as a CLOB (central limit order book) exchange, goes beyond the features of a traditional DEX by incorporating more advanced functionalities.
To ensure users have an optimal experience that combines the simplicity of a DEX with the advanced trading tools of a CEX, Dexalot has introduced SimpleSwap and SimpleView.
Scheduled to go live on September 19, 2023, SimpleSwap allows users to take advantage of the tight spreads and excellent pricing offered by a CLOB, while also providing the familiar look and feel of AMM atomic swaps commonly found in DeFi.
As a result, Dexalot traders will be able to easily and quickly swap between tokens through a clean and uncluttered interface, complementing the existing order book format.
When using SimpleSwap to execute trades, users have the option to trade directly on the Dexalot platform or through third-party aggregators.
Dexalot has integrated with multiple aggregators, making SimpleSwap accessible to users across various trading platforms, allowing them to access superior pricing, including unparalleled onchain pricing for assets such as WETH.e and BTC.b.
To further enhance the user experience, Dexalot has introduced SimpleView, a quick-look account abstraction feature that allows users to easily check the status and composition of their portfolio at a glance.
Traders often have assets in different markets when using a CLOB exchange, making it challenging to keep track of their tokens. SimpleView solves this problem by providing a simple way for traders to determine the value and composition of their portfolio.
Berk Ozdogan, head of strategy at Dexalot, commented, “SimpleSwap has the potential to become the perfect gateway for the most capital-efficient liquidity for traders. CLOB-style trading is the preferred method in TradFi due to its capital efficiency, and Dexalot has made it possible in Web 3.0. With SimpleSwap, we now have the perfect atomic transaction capability without compromising on liquidity quality, as AMMs and AMM variants do.”
Matthew Schmenk, BD at Ava Labs, added, “Dexalot’s central limit order book architecture offers some of the best swap pricing in the entire blockchain ecosystem, and with SimpleSwap, Dexalot is poised to attract a significant amount of swap routes and volumes.”
Since its launch on its own Avalanche Subnet, Dexalot has processed over 17 million transactions and achieved daily trading volumes of up to $5 million.
Dexalot’s team consists of financial industry veterans with experience from Wall Street, who have leveraged their expertise to develop Dexalot as the most advanced decentralized exchange of its kind.
Furthermore, 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 familiar look and feel of a traditional centralized exchange to a decentralized on-chain application.
Powered by Avalanche, Dexalot’s CLOB DEX provides users with an accessible and transparent environment to securely and efficiently trade cryptocurrencies, with no slippage or custody risk.
Learn more here.
Contact:
Dan Edelstein, MarketAcross
This content is sponsored and should be considered as promotional material. The opinions and statements expressed here are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is an independent entity and is not owned by or affiliated with any ICOs, blockchain startups, or companies that advertise on our platform. Investors are advised to conduct their own research before making any high-risk investments in ICOs, blockchain startups, or cryptocurrencies. Please be aware that your investments are at your own risk, and any losses incurred are your responsibility.
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