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BlockNews
Home BREAKING NEWS

Covalent Partners with Dexalot

BlockNews Team by BlockNews Team
September 28, 2023
in BREAKING NEWS, CRYPTO, TECHNOLOGY
Reading Time: 2 mins read
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  • Dexalot takes a HEX approach to token exchanging.
  • Dexalot has integrated with Covalent’s UnifiedAPI to grant users access to indexed subnet data for more robust trading strategies.

Dexalot, an on-chain central limit order book DEX built on Avalanche, has partnered with Covalent, an interchain indexing protocol, to bridge the gap between the user-friendliness of CEXs and the security of DEXs. 

1/ We are proud to announce our partnership with @dexalot, a fully onchain central limit order book DEX built on an @avax Subnet!🔺

With this integration, Dexalot users can now access realtime indexed Subnet data via Covalent’s #UnifiedAPI and BI Tool @Increment_HQ.

Read more👇 pic.twitter.com/IOqI6h96AR

— Covalent 🧬🏺 (@Covalent_HQ) August 24, 2023
Via @Covalent_HQ – X

By integrating Covalent’s UnifiedAPI, Dexalot users gain real-time access to indexed subnet data. This collaboration enhances user experience and positions Dexalot as a pivotal player in the Avalanche ecosystem. Endorsed by cryptocurrency influencer David

“Dexalot empowers its users with a CLOB (Centralized Limit Order Book) experience that combines the familiar look and feel of a CEX with the security and performance of a DEX. They are one of the most promising projects on Avalanche, and we’re proud to support the demands of their platform.” – David Tso, Covalent Customer Success Lead.

Conclusion

Dexalot’s mission to bring the best of centralized exchanges to the decentralized realm is backed by its strategic position within the Avalanche ecosystem. As the collaboration unfolds, this partnership’s potential to reshape the cryptocurrency trading experience garners anticipation from the broader blockchain community.

Disclaimer: BlockNews provides independent reporting on crypto, blockchain, and digital finance. All content is for informational purposes only and does not constitute financial advice. Readers should do their own research before making investment decisions. Some articles may use AI tools to assist in drafting, but every piece is reviewed and edited by our editorial team of experienced crypto writers and analysts before publication.
Tags: CovalentDexalotPartnership
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