Dexalot's Central Limit Order Book on Arbitrum: Enhancing Ethereum Layer 2 Trading Experience

Dexalot's Central Limit Order Book DEX launches on Arbitrum

Dexalot, the decentralized cryptocurrency exchange (DEX), announced the launch of its Central Limit Order Book (CLOB) on Arbitrum, according to the information shared with Finbold.

Dexalot on Arbitrum

Unlike typical Automated Market Maker (AMM) DEXes, Dexalot’s CLOB exchange operates on a dedicated application-specific blockchain introduced in February 2023.

Unique Design of CLOB

• User experience: More akin to centralized exchanges, allowing limit orders and enhancing trader efficiency.
• Features: Transparent order visibility, competitive prices, deep liquidity, and negligible gas fees.

Strong Decentralization

• Risk Management: All orders on-chain with no custodial risk.

Comments from Stakeholders

• Tim Shan, Dexalot COO: Expansion of multichain order book with commingled liquidity signifies a major milestone.
• Peter Haymond, Senior Partnerships Manager at Arbitrum: Highlights benefits of fairer pricing, deeper liquidity, and enhanced capital efficiency.

Wrap-Up

Since its launch, Dexalot has processed over $1.1 billion in transaction volume. Launching on Arbitrum aims to increase volumes and provide a more secure trading environment, reinforcing Arbitrum’s position in on-chain trading.