Dexalot, a decentralized exchange, Dexalot, recently launched on Arbitrum to expand beyond Avalanche. This move aims to offer Ethereum users a range of powerful features.

Operating since February 2023, Dexalot currently runs on a specialized chain for its Central Limit Order Book (CLOB) exchange. By extending its trading platform to Arbitrum, users on Ethereum's Layer 2 scaling solution will benefit from features similar to centralized exchanges.

Dexalot's unique design allows users to set limit orders, reducing price slippage and maximizing capital efficiency for traders. It also provides high liquidity, competitive pricing, and transparent order visibility with minimal gas fees.

Previously unavailable functionalities on the network will now be accessible to Layer 2 users through Dexalot on Arbitrum. This move will also create a reliable platform for Native token launches on Arbitrum initiatives, maintaining the network’s high decentralization.

Tim Shan, Dexalot’s COO, expressed excitement about expanding the platform's order book to the Arbitrum community. This marks a significant achievement for the Dexalot team.

Peter Haymond, a Senior Partnerships Manager at Arbitrum, highlighted that Dexalot's CLOB promises fairer pricing, deeper liquidity, and improved capital efficiency, bringing DeFi closer to widespread adoption.

Dexalot has processed over $1.1 billion in transactions since its launch, projecting a significant increase with its launch on Arbitrum. This move will create a more secure trading environment and bolster Arbitrum's position as a leading Layer 2 solution for advanced on-chain trading.