Dexalot, raised $7 million in funding from Avalanche’s Blizzard Fund
- ByStartupStory | February 28, 2022
Dexalot is a decentralised exchange that seeks to replicate the appearance and feel of a standard centralised exchange in a decentralised on-chain application.
It aspires to create a welcoming and transparent environment in which Dexalot users can safely and efficiently trade cryptocurrency with no danger of slippage or custody. Dexalot is built on Avalanche, the blockchain industry’s quickest smart contract platform.
Dexalot has been functioning on the test net since August 2021, logging over 250,000 transactions and over 12,000 unique wallet interactions. Dexalot said in a statement that members who utilise the exchange will be included in the project’s governance, assuring a community-led spirit from the start.
On Monday, Dexalot, a new startup announced that it has received $7 million from Avalanche’s Blizzard Fund. Avalaunch, Colony, Benqi, AVentures, and Avascan were among the Avalanche ecosystem’s investors, in addition to Blizzard.
GSR, Muhabbit Capital, Woodstock Capital, Maven Capital, and IPC also participated in the round of fundraising.
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