Activity on Trader Joe grew tremendously over the past few weeks.
The price of AVAX surged alongside the network TVL.
As positive sentiment rose across the crypto sector, the overall prosperity of ecosystems grew on various networks. Avalanche [AVAX] was similarly no stranger to this ascent.
TraderJoe leads the way for AVAX
TraderJoe, a popular DEX on Avalanche, experienced remarkable growth on the Avalanche network. Over a specific period, the trading volume saw a substantial increase of 112%.
Additionally, fees collected from trading activity surged by an impressive 146%. The supply-side fees reached the substantial sum of $138,000, underlining the platform’s increasing usage.
Most of the trading, a significant 74%, took place on the Avalanche chain, with the remaining 25% occurring on Arbitrum [ARB] . These numbers reflected the growing popularity and activity on the TraderJoe_xyz platform within the Avalanche network.
Watching @TraderJoe_xyz as a dual play both on Avalanche and Arbitrum.
– Trading volume +112% – Fees +146% – Supply-side fees rose to $138,000 – Trading Volume by chain: 74% Avalanche/ 25% Arbitrum
Trader Joe enjoys the volume from both narratives. pic.twitter.com/0BkP3zzU7V
— Emperor Osmo