Dexalot Subnet Earns Avalanche Multiverse Incentives of up to $3 Million

The Avalanche Foundation is providing up to $3 million in AVAX tokens to Dexalot, the central limit order book (CLOB) decentralized exchange (DEX) built on an Avalanche Subnet. The incentives come from Avalanche Multiverse, a comprehensive program nurturing Avalanche Subnet growth and adoption. 

Dexalot’s Subnet launched in February, unlocking better speed, throughput, and time-to-finality for traders of digital assets. Dexalot aims to let users place orders at precise price levels (limit orders), offering a CLOB experience which is potentially different from most DEXes. With Dexalot, users can see orders transparently, with fair matching potentially eliminating the speed advantage of trading bots. Dexalot strives to create greater liquidity, more transparency, and minimal slippage for users. 

Starting this fall, Avalanche Multiverse funds will be distributed over 12 months through the existing Dexalot Incentive Program. The Multiverse funds are contingent and will be distributed in accordance as the Dexalot Subnet hits new milestones. Since launch, Dexalot’s Subnet has processed 12M+ transactions. 

“Dexalot's non-custodial, fully on-chain CLOB could provide for one of the best pricing of swaps for various assets within the Avalanche ecosystem,” Luigi D’Onorio DeMeo, head of DeFi and DevRel at Ava Labs. “After the events from the past year, we expect to continue to see a renewed push into non-custodial DeFi that enables trustless transactions between unified parties and Dexalot is a key piece of that infrastructure.” 

The Avalanche Foundation launched Avalanche Multiverse in March 2022 to accelerate the growth of Subnets. Subnets enable a rich ecosystem of scalable app-specific blockchains like Dexalot. The program has focused on supporting new ecosystems including blockchain gaming, DeFi, NFTs, and institutional use cases.

Like other projects that have received grants from the Avalanche Foundation, including the decentralized spot and perpetuals exchange GMX, which just released V2, Dexalot illustrates the power of Avalanche. In particular, Dexalot’s unique architecture showcases the potential of building on custom Avalanche Subnets tailored to a novel dApp’s precise needs.

"From the very beginning, our objective was to provide users with the familiar interface of a CEX, but integrated into a fully on-chain order book DEX,” said Tim Shan, COO at Dexalot. “This vision proved difficult to execute on other L1 and L2 solutions.  We can think of no better blockchain technology than Subnets for building Dexalot. We are very grateful to the Avalanche Foundation for providing such a generous incentive program to our community and Ava Labs for their continued support on our Subnet journey.”

To learn more about Dexalot’s Multiverse rewards and eligibility, visit this page. 

This post is based on materials provided by Dexalot. For more information, visit Dexalot’s website.

Provided for informational purposes only, without representation, warranty or guarantee of any kind. None of this is as an endorsement by Ava Labs, Inc., the Avalanche Foundation Limited or any of their respective subsidiaries or affiliates, nor is any of this investment or financial advice. Please review this Notice and conduct your own research to properly evaluate the risks and benefits of any project.

About Avalanche

Avalanche is a smart contracts platform that scales infinitely and regularly finalizes transactions in less than one second. Its novel consensus protocol, Subnet infrastructure, and HyperSDK toolkit enable Web3 developers to easily launch powerful, custom blockchain solutions. Build anything you want, any way you want, on the eco-friendly blockchain designed for Web3 devs.

Website | Whitepapers | Twitter | Discord | GitHub | Documentation | Telegram | Facebook | LinkedIn | Reddit | YouTube

About Dexalot

Dexalot is a revolutionary decentralized exchange that brings the traditional centralized exchange look and feel to a decentralized on-chain application. The Avalanche-powered Central Limit Order Book DEX represents an inclusive and transparent environment where Dexalot users can trade crypto securely and efficiently, with no slippage or custody risk.

SHARE //
NEXT UP//
Community

Between the Sessions: What to Do and See at Avalanche Summit LATAM

Institutions

Colombian Neobank Littio Leverages OpenTrade to Offer Interest-Bearing USD Accounts to Local Customers via Avalanche Network

Gaming

3thix and Avalanche Unite to Democratize Web3 Gaming Economy For Advertisers and Improve Experience For Consumers

Platform

Retro9000, a $40M Grant Program, Rewards Developers Building Avalanche L1s

Platform

Building on Avalanche9000

Institutions

Legendary Pressman Film Leverages Republic Investment Platform and Avalanche Network to Transform Independent Film Financing

Institutions

ParaFi Tokenizes Fund on Securitize Platform with Avalanche

Platform

GoGoPool: Driving Security, Community, And Liquidity On Avalanche

Developers

The Avalanche Foundation Announces the infraBUIDL() Program

Art & Culture

Tixbase Enters Exclusive Partnership with PASSO to Revolutionize Ticketing with Avalanche Blockchain Technology

Institutions

Franklin Templeton Launches Tokenized Money Market Fund BENJI on the Avalanche Network

Art & Culture

TYB and Shopify Bring Web3 Loyalty Platform to Major Consumer Brands, Powered by Avalanche

DEFI

Agora Launches Its Digital Dollar on the Avalanche Blockchain Network With Initial Cohort of Partners

Institutions

Tokenization 101: Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Developers

Codebase Incubator Opens Season 2 Applications In Search Of The Next Generation Of Web3 Founders Building On Avalanche

Enterprise

California DMV Makes History, Digitizes 42 Million Car Titles on Avalanche Blockchain

Community

Avalanche Foundation: The Community Airdrop

Community

The Avalanche Ambassador DAO Launches Snowfort, the AVAX Community Bounty Platform

Avalanche Watch: May 2024

Developers

AVAX Startup House Hosts Codebase Demo Day at Consensus

Gaming

Konami Digital Entertainment Co., Ltd. Unveils Groundbreaking NFT Solution "Resella" in Collaboration with Ava Labs

Gaming

OtherWorld’s New Digital Collectibles Platform ‘Solo Leveling: Unlimited’ Launches on Avalanche, Bringing the Mega-Hit IP On-Chain

Enterprise

Builder Spotlight: The Lemonade Foundation and Insuring Smallholder Farmers with Avalanche

Institutions

Institutional Products, Pilots Signal Growing Interest in Tokenization

Institutions

Tokenization 101: Institutions Leverage Avalanche to Test Merits of On-Chain Finance

Platform

Icebreaker Program: Phase One Update

Gaming

LiveDuel Brings Web3 Sports Betting to Avalanche

Gaming

Elixir Games Announces Acquisition of RoboKiden and Strategic Partnership with Ava Labs

Art & Culture

Artist Spotlight: Ed Balloon Blending Web2 and Web3 at Avalanche Park

Gaming

Gamestarter introduces ‘GameChain’ powered by Avalanche

Institutions

Wine Capital Fund Leverages Oasis Pro and Avalanche to Make Fine Wine an Investable Asset Class

Community

Introducing Core’s Airdrop Tool: A Free Way to Distribute Tokens and Reward Your Community on Avalanche

Art & Culture

Salvor Secures Avalanche Rush with a $1M Incentive Grant to Build Out Avalanche’s Prime NFT Lending Platform

Gaming

Avalanche & Funtico: Revolutionizing Gaming on the Blockchain

Avalanche Watch: April 2024

DEFI

The Avalanche Foundation Announces Memecoin Rush

Institutions

Homium Issues First Home Equity Loans on Avalanche

Enterprise

Feature.io Uses Avalanche-Powered API to Bring Web3 to Any Streaming Platform or Media File

Enterprise

stc Bahrain and Avalanche forge partnership to drive Web3 progress in the Middle East

Enterprise

Avalanche x Seedhe Maut: Revolutionizing the Fan Engagement Economy with Metasky

Enterprise

Really Launches Avalanche Subnet to Expand Reach of On-Chain Movies

Developers

Frosty: Bringing Strong Liveness Guarantees to the Snow Family of Consensus Protocols

Platform

BitNote Launches Encrypted Notes on Avalanche

Platform

Avalanche Integrates with Stripe for Crypto Onramping

Avalanche Watch: March 2024

Platform

The Avalanche Foundation Unveils the Icebreaker Program

Community

The Avalanche Foundation Launches Ambassador DAO to Usher in the Next Wave of Users

The Avalanche Foundation Announces a New Board

Community

The Avalanche Foundation Discloses Community Coin Holdings

Platform

Avalanche Foundation Launches Community Grants Program with Gitcoin

Institutions

Clearpool Expands to Avalanche with Exclusive Launch of Credit Vaults

Enterprise

Coachella to Gamify the Festival Experience and Distribute New Rewards Using Avalanche

Developers

Startup Incubator Codebase Names First Cohort

Institutions

Diamond Standard Leverages Oasis Pro and Avalanche to Make Diamonds an Investable Asset Class

Institutions

Tokenization 101: The Tokenized Collateral Ecosystem

Enterprise

Avalanche Powers Web3-Enabled Voucher Program on Alipay+ D-store

Institutions

Avalanche and Chainlink Leveraged in Tokenized Asset Settlement Project

Developers

The Graph Expands Data Tools for Avalanche Developers

Community

Avalanche Foundation: Eligibility Criteria Framework for Community Coins

Platform

Avalanche Watch: February 2024

Art & Culture

Best Dish Ever Launches NFTs on Avalanche, Pioneering the Future of Culinary Exploration

Gaming

Legendary MMORPG MapleStory Comes to Avalanche

Platform

Teleporter Makes Avalanche a Fully Interoperable L0 Network

Enterprise

Loyalty+ to Receive Multiverse Incentives to Spur AI-Enhanced Loyalty Programs

DEFI

SteakHut V2 Introduces New Liquidity Features on Avalanche

Enterprise

Avalanche to Power SI Tickets’ NFT Platform, Box Office

Art & Culture

Looty and Inspect Launch Loyalty Platform with Loot Crate Rewards, Boosting Avalanche NFT Season

Platform

Durango: Avalanche Warp Messaging Comes to the EVM

Community

Avalanche DeFi Saga with Rep3

Institutions

Citi Tests Benefits of Private Markets Tokenization With Avalanche Evergreen Subnet ‘Spruce’

Enterprise

Avalanche Named Exclusive Sponsor of Collider on the Lot Startup Accelerator

Platform

Cortina: X-Chain Linearization

Avalanche Watch: January 2024

Gaming

Owned Blends SocialFi and Gaming on Avalanche with Battle Tech

Enterprise

The Empire State Building Launches NFT Loyalty Program on Avalanche Using Uptop

Institutions

Intain Launches Avalanche Subnet to Usher in New Era for Multi-Trillion Dollar Securitized Finance Market

Institutions

How Avalanche Uses Account Abstraction to Improve the Web3 Experience for Institutions

Enterprise

Edgevana to Provide Infrastructure to Avalanche Network, Expanding Validator Decentralization

Institutions

South Korean Digital Asset Custodian BDACS to Support Avalanche

DEFI

Struct Finance Joins Avalanche Rush with an Incentive Program of up to $1M

DEFI

Fonbnk Builds Avalanche On-Ramp for Cross-Border Payments in Emerging Markets

Platform

Avalanche Wallet Phase-Out Guide

Platform

Avalanche Watch: December Edition

Institutions

What is Asset Tokenization: Why & Why Now?

DEFI

Sub-Saharan Africa: A Land Of DeFi Opportunity

Art & Culture

NFT-TiX Migrates to Avalanche and Announces Global Festival Partnerships

Enterprise

AR Platform Really to Upgrade Entertainment Using Avalanche

Gaming

Tiltyard Gives Web3 Games Tournaments and Fantasy Sports Features

DEFI

Hubble Exchange Launches Order Book DEX Built on a Custom Avalanche Subnet

Platform

Avalanche Watch: November Edition

Developers

NodeKit Raises a $1.2M Pre-Seed Round to Build a Shared Sequencer L1 with HyperSDK

Gaming

Mirai Labs Blends SocialFi and Web3 Gaming, Migrates to an Avalanche Subnet

Institutions

Republic Selects Avalanche for its Profit-Sharing Note, Gains Vista Support

Platform

Avalanche Watch: October Edition

Institutions

Avalanche Supports Citi FX Solution Under Project Guardian

Institutions

Onyx by J.P. Morgan Leverages Avalanche To Explore a New Paradigm for Portfolio Management

Platform

Avalanche Foundation Mission Statement and Reminder About System Unlocks

Developers

Web2 and Web3 Leaders Launch Codebase by Avalanche, an Accelerator Supporting Early-Stage Avalanche Projects

DEFI

Avalanche Expands Forex Market in Africa With Canza Finance’s Baki Launch

Platform

Avalanche Powers Metaverse Experience at Hong Kong FinTech Week