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Dexalot Subnet Receives $3 Million in AVAX Tokens from Avalanche Foundation in Groundbreaking Partnership

The Avalanche Foundation has made an enormous stride in its mission to accelerate Subnet growth. The foundation has awarded up to $3 million in AVAX tokens to Dexalot, a groundbreaking decentralized exchange (DEX) that operates on an Avalanche Subnet and offers a unique Central Limit Order Book (CLOB) model on-chain.

Dexalot: A New Paradigm in Decentralized Trading

Since its launch in February 2023, Dexalot’s Subnet has been a game-changer for digital asset traders. It offers improved speed, throughput, and time-to-finality compared to traditional DEXes. The platform allows users to place limit orders at precise price levels, creating a transparent trading environment where the fastest bot doesn’t always win.

Let me share a personal anecdote here. I remember when I first heard about Dexalot and its revolutionary approach to decentralized trading. I was immediately intrigued by their promise of more transparency, minimal slippage, and greater liquidity. And now, seeing their success and recognition from the Avalanche Foundation reaffirms my belief in their innovative approach.

Incentives from the Avalanche Multiverse Program

The incentives for Dexalot come from the Avalanche Multiverse, an initiative designed to nurture the growth and adoption of Avalanche Subnets.

Starting this fall, these funds will be distributed over 12 months through the existing Dexalot Incentive Program. However, these funds are contingent upon Dexalot’s Subnet reaching new milestones.

The Impact of Avalanche Multiverse

Launched in March 2022, the Avalanche Multiverse program aims to spur growth within various ecosystems including blockchain gaming, DeFi, NFTs, and institutional use cases. Other projects that have benefited from this program include GMX – a decentralized spot and perpetuals exchange which recently launched its V2 version.

Dexalot exemplifies what can be achieved when you build on custom Avalanche Subnets tailored specifically for your dApp’s needs. This is a testament not only to the power of Avalanche but also to its potential as an engine for innovation within the world of blockchain technology.

The Future is Bright for Dexalot

Dexalot is revolutionizing how we perceive decentralized exchanges by marrying traditional centralized exchange aesthetics with on-chain application capabilities. It represents an inclusive and transparent trading environment free from slippage or custody risk—truly empowering users with secure and efficient crypto trading experiences.

In conclusion, it’s clear that this partnership between The Avalanche Foundation and Dexalot marks another significant step forward in our collective journey towards a more equitable and decentralized future.