Trader Joe, a DEX on the Avalanche network witnessed a surge in volume. The number of active users on the Avalanche network continued to decline. Avalanche[AVAX] has been struggling to gain users on its protocol over the last few months. However, the dApps on the Avalanche network might be able to help the protocol improve its current […]
on its protocol over the last few months. However, the dApps on the Avalanche network might be able to help the protocol improve its current situation as they have seen progress.For instance, Trader Joe, one of the most popular DEXs on the Avalanche network, witnessed a massive spike in volume over the last few weeks, according to data provided byThe volume generated on the platform reached a high of $100 million during this period.
According to Dune Analytics’ data, the number of daily active addresses on the network fell from 340,000 to 238,000 in the span of the last three months.
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