The native token of the Avalanche ecosystem (AVAX) has established itself as a strong contender in the cryptocurrency market and beyond. It has made a name for itself by partnering with some of the major players in the industry. After Chainlink, Avalanche signed an important partnership that further promotes decentralization with the Amazon company.
The explosion of AVAX to global customers
Launched in September 2020, Avalanche had to sign many partnerships to attract several users and investors. One of its most important partnerships has been with Chainlink (LINK). It allowed it to leverage the decentralized Proof of Reserve (PoR) system to deliver advanced dApp enhancements. These include the verification of asset guarantees, the prevention of arbitrage opportunities and enhanced security measures.
Additionally, Avalanche has forged a important partnership with the Amazon company. This has allowed the cryptocurrency to increase its exposure to global customers and make its blockchain technology more accessible in more than 100 countries. This collaboration facilitates the creation and management of nodes on the Avalanche network, favoring more decentralization.
A new DEX in Avalanche
The Dexalot exchange platform positions itself as a fast and inexpensive network with a wide range of advantages. It incorporates some features of CEX, such as a limit order book, while preserving decentralization through its integration with Avalanche’s C-Chain network. The network is compatible with the Ethereum Virtual Machine (EVM). This enables seamless integration between Avalanche applications and the main Ethereum network.
Based on the C-Chain network, Dexalot offers EVM compatibility and allows direct exchange of tokens ERC-20 against AVAX. Additionally, Dexalot intends to launch its own token in the near future to incentivize and reward its most dedicated users.
Decentralized exchanges are now among the dApps with rapid growth in DeFi. They are facilitated by the recent FTX debacle as well as the growing distrust of centralized exchanges. The launch of Dexalot could give Avalanche a boost and expand decentralized finance trading options.
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