Decentralized cryptocurrency exchange Dexalot has launched on layer-1 protocol Avalanche as a Subnet attempting to combine the UX of CEX's along with the transparency of a DEX. LedesmaLyllah reports
The communication between the mainnet and subnet will be through “generic message passing using cross-chain communication protocols,” said the press release. This may reduce slippage in trade execution and will allow traders to have confidence without giving up custody of their assets, the company added. Slippage in this context refers to the difference between a trade’s expected price and the price at which the trade is executed. Slippage tends to happen when markets are volatile.
The launch comes at a time when there’s a sense of uncertainty towards centralized exchanges following the collapse of FTX in November. Users are increasingly migrating away from centralized exchanges since the fallout, with DEXs seeing a spike in trading volume in November, according to
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