• Dexalot has launched a hybrid DeFi subnet on the Avalanche test network.
• The subnet allows users to trade with minimal transaction costs and support for several spot trading pairs.
• The Subnet also enables high-end cross-chain communication protocols to reduce slippage in trade execution.
Dexalot, a decentralized cryptocurrency exchange, has launched a groundbreaking hybrid DeFi Subnet on the Avalanche test network, ushering in a new era of decentralized trading protocols. Without needing to sacrifice decentralization and transparency, the Dexalot Subnet seeks to imitate the user experience of a CEX. The team has spent months fine-tuning their application to provide an on-chain central limit order book (CLOB) with minimal transaction costs and support for several spot trading pairs.
The Subnet is designed to provide users with a secure and efficient trading experience. Users can make deposits and withdrawals using the Dexalot application on the Avalanche C-Chain, while the Subnet allows them to trade on the Dexalot platform. High-end cross-chain communication protocols are used for generic message transfer during communication between the Mainnet and Subnet. This is to reduce slippage in trade execution and to ensure that DeFi customers can trade with confidence without giving up custody of their assets.
In addition to providing a secure and user-friendly trading platform, the Subnet also sets the foundation for further DeFi mass adoption. By utilizing both the host chain and exchange chain, the team has optimized Dexalot for speed, safety and user experience. This creative Subnet implementation will also serve as a base for the development of several ecosystem interoperabilities on to other host chains.
Overall, the launch of the Dexalot Subnet on the Avalanche test network marks a major breakthrough in the development of decentralized trading protocols. The team is looking forward to introducing DeFi traders to the Subnet, and to further differentiating their platform from other centralized and decentralized exchanges in the market.