Dexalot, a new project building a decentralised order book exchange on Avalanche, on Monday said it raised $7 million in funding from Avalanche’s Blizzard Fund, with several Avalanche ecosystem players and Defi investors participating in the round.
Dexalot is a decentralised exchange that aims to bring traditional centralised exchange look and feel to a decentralised on-chain application. It wants to bring an inclusive and transparent environment, where Dexalot users can trade crypto securely and efficiently with no slippage or custody risk. Dexalot is built on Avalanche, the fastest smart contracts platform in the blockchain industry.