In the cryptocurrency world, we have decentralized exchanges and centralized exchanges. Each of these two exchanges has unique features with which they are known. For example, Centralized Exchanges, CEXes, are known for the presence of a central limit order book that matches traders with the right price, and the presence of perpetual contracts trading. Decentralized exchanges are known for their decentralized nature where trading happens in a decentralized way through the help of Smart contracts.

Over the years, Cryptocurrency users have been faced with the task of jumping from CEX to DEX and vice verse during trading because of the inadequacy of any of their preferred exchanges; DEXes offer decentralized trading but lack CLOB feature, CEXes lack decentralized trading but have CLOB feature.

To offer traders who are keen on Decentralized exchanges the features that would otherwise take them to Centralized exchanges, Decentralized exchanges have now integrated CLOB features in their exchanges thereby allowing users to trade at their desired price rather than trading at the current market price.

This feature has further improved Decentralized exchange making it complete to an extent while keeping users glued to them. One good place-to-go decentralized exchange with a CLOB feature is DEXALOT.

Dexalot is a revolutionary decentralized exchange built on the Avalanche network, aiming at bringing the traditional centralized exchange look and feel through a decentralized on-chain application.

Central order limit book is possible in Decentralized exchange because Smart contracts have now been configured to only execute whenever the condition set by the trader aligns with the real-time market price. This has made it possible for traders using such decentralized exchange to be able to sell at their desired price, as against the conventional selling at market price.

The Cryptocurrency world is indeed evolving and we are going to see more innovations like this aimed at improving users' experience.