Share this article
Decentralized Exchange Dexalot Starts a Hybrid DeFi Subnet
Dexalot’s users will be able to deposit and withdraw assets via its app on the Avalanche C-chain, and then trade on the Dexalot subnet.
Updated Feb 1, 2023, 5:42 p.m. Published Feb 1, 2023, 4:01 p.m.
Decentralized cryptocurrency exchange (DEX) Dexalot has launched on layer 1 protocol Avalanche as a subnet, attempting to combine the user experience of centralized exchanges (CEX) along with the transparency and decentralization of a DEX.
Dexalot’s users will be able to deposit and withdraw assets via its app on the Avalanche C-chain, and then trade on the Dexalot subnet, according to a press release.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The communication between the mainnet and subnet will be through “generic message passing using cross-chain communication protocols,” the company said. 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 data from DeFiLlama.
Read more: Centralized Exchange (CEX) vs. Decentralized Exchange (DEX): What’s the Difference?
“By using both the host chain and the exchange chain, we have optimized Dexalot for speed and safety,” said Cengiz Dincoglu, co-founder of the DEX.
Dexalot’s dual-chain app establishes a base for expanding to other host chains to enable mass adoption of decentralized finance (DeFi), according to the press release. The Subnet implementation will build a foundation for interoperabilities within multiple ecosystems, which can be created on top of, and around Dexalot, the press release added.
Read more: Polygon Derivatives DEX Gains Network Crosses $1.5B in Trading Volume on Arbitrum
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Mais para você
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
O que saber:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
