Weekly DEX volume on Trader Joe surged 35% at press time. Trader Joe’s total value locked on the Arbitrum chain more than tripled since ARB’s AirDrop Trader Joe [JOE] registered a phenomenal growth in its trading activity over the past week. As per a tweet on 31 March, the 24-hour volume on the decentralized exchange […]
Evidently, Trader Joe’s trading activity swelled after its launch on Arbitrum, with nearly 74% of its nine-month peak volume coming from the activity on the layer-2 solution.
The trading activity was boosted by the recent airdrop of ARB tokens on 23 March, as pointed out in the aforementioned Twitter thread. Since the day of the airdrop, Trader Joe’s total value locked on the Arbitrum chain had more than tripled until press time.
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