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Dexilon Launches Testnet to Power the Future of Derivatives Trading


DEXILON is the decentralized exchange run on a limit order book powered by the native blockchain, enabling first-of-its-kind trading of crypto, commodities, FX futures and more.

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SINGAPORE, July 11, 2022 – DEXILON, the fully decentralized derivatives exchange, today announces its testnet launch, paving the way for institutional-grade trading derivatives.

DEXILON is a next-generation decentralized derivative exchange and ecosystem which can be utilized to launch derivative contracts for non-crypto assets such as metal, energy and soft commodities, and foreign exchange (FX).

DEXILON – which has raised $2M in seed funding – is backed by GSR, Youbi Capital, Fenbushi Capital, Ledgerprime, LD Capital, Lightshift Capital and Cipholio Ventures.

“Unlike black box centralized exchanges and slow and expensive decentralized exchanges (DEXs), DEXILON has radically transparent trading logic with lightning execution and highly competitive costs,” said Co-Founder Maksym Aptilon.

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“We are creating a first-in-class, institutional-grade derivatives DEX infrastructure.”

This is all made possible with native blockchain developed specifically to operate a decentralized exchange. The native chain is built on top of the Cosmos SDK and, together with a decentralized matching engine and proprietary oracles, DEXILON aims to open up a new era of trading derivatives.

A heaven for market makers, DEXILON offers a combination of best trading execution perks with a revolutionary fee structure, all aimed to substantially reduce the cost of running market making. For example, there is no gas cost for the trader but rather it is covered as a portion of taker fees. “Once we reach deep liquidity, retail will follow in search of more transparent ways to trade derivatives,” Maksym continues.

DEXILON aims to be the cheapest all-in trading solution, boasting features to protect the market from flash crashes. For this, the team developed an innovative liquidation pool where users can bid for a liquidated position instead of selling them off in the market. The idea comes from a traditional finance strategy called block trading. “We are creating new profit frontiers unseen in other exchanges,” Maksym said.

Founded in 2021, DEXILON plans its mainnet launch for later this year. For more information, visit the website and blog.


DEXILON is a fully decentralized derivatives exchange with a classic limit order book. The exchange uses asynchronous blockchain technology to greatly reduce the latency of an order book update. A fast limit order book, combined with perks for market-makers, will ensure light-speed access to cheap and deep liquidity. DEXILON is by traders, for traders.

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Kevin Moore - E-Crypto News Editor

Kevin Moore - E-Crypto News Editor

Kevin Moore is the main author and editor for E-Crypto News.