September 19, 2023 – New York, New York

In a synchronized dance of efficiency and insight, SimpleSwap and SimpleView converge to empower traders within the realm of decentralized finance (DeFi).

Dexalot, standing as a beacon of innovation in the decentralized exchange (DEX) landscape, transcends the ordinary with its incorporation of advanced features reminiscent of centralized exchanges (CEX).

In a bid to seamlessly marry the user-friendly interface of a DEX with the sophisticated trading tools characteristic of a CEX, Dexalot introduces SimpleSwap and SimpleView to its platform.

Set to debut on September 19, 2023, SimpleSwap promises users the advantage of tight spreads and competitive pricing akin to a central limit order book (CLOB), all while embracing the familiar aura of AMM-style atomic swaps prevalent in DeFi.

This innovation empowers Dexalot traders to swiftly and effortlessly exchange tokens through an elegantly simplistic interface, complementing the existing order book framework.

With SimpleSwap, users have the flexibility to execute trades directly on the Dexalot platform or through third-party aggregators, thereby widening the accessibility of this feature across preferred trading avenues.

Through integration with multiple aggregators, Dexalot extends the reach of SimpleSwap, granting users access to unparalleled pricing, including onchain pricing for assets like WETH.e and BTC.b.

In a bid to further enhance user experience, Dexalot introduces SimpleView, a feature offering a quick snapshot of one’s portfolio status, aiding traders in maintaining a clear grasp of their asset distribution and valuation amidst the diverse markets of a CLOB exchange.

Berk Ozdogan, Dexalot’s head of strategy, envisions SimpleSwap as a conduit for capital-efficient liquidity, highlighting its compatibility with CLOB-style trading, a hallmark of traditional finance now made accessible through Dexalot’s Web 3.0 platform.

Matthew Schmenk, representing Ava Labs, lauds Dexalot’s central limit order book architecture for offering superior swap pricing within the blockchain sphere, predicting that SimpleSwap will garner significant traction and volume.

Since its launch on the Avalanche Subnet, Dexalot has facilitated over 17 million transactions, boasting a daily trading volume of up to $5 million, a testament to its efficacy and appeal within the burgeoning DeFi landscape.

With a team comprising financial experts with roots in Wall Street, Dexalot stands at the forefront of decentralized exchange development, leveraging their collective experience to craft a platform that pushes the boundaries of decentralized finance.

In recognition of its groundbreaking endeavors, Dexalot has been awarded up to $3 million in incentives for users from Avalanche’s Multiverse Fund, further cementing its position as a pioneer in the DeFi arena.

About Dexalot

Dexalot stands as a decentralized exchange that seamlessly bridges the familiarity of centralized exchanges with the transparency and security of on-chain decentralized applications, powered by Avalanche’s CLOB DEX technology.

For further information, visit here.

Contact:

Dan Edelstein, MarketAcross

This content is sponsored and should be considered promotional. The views expressed herein are those of the author and do not necessarily reflect those of The Daily Hodl. The Daily Hodl maintains editorial independence and is not affiliated with any ICOs, blockchain startups, or advertising entities. Investors are advised to conduct thorough due diligence before engaging in high-risk investments involving ICOs, blockchain startups, or cryptocurrencies. All investments carry inherent risks, and investors bear full responsibility for any losses incurred.

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