Trading and deposit activity on crypto exchange Trader Joe's Arbitrum venue has spiked following the rollout of a liquidity incentives program. reports
Decentralized crypto exchange Trader Joe has had surging trader and depositor activity on its Arbitrum venue in the past seven days, with total value locked rising by more than 300%, reaching $30 million on Wednesday.showed a spike in Trader Joe’s trading volume over the same time period. The jump in activity comes as the price of Trader Joe’s governance token, JOE, booms.
Trader Joe’s recent success on Arbitrum has nearly eclipsed its trading volume on Avalanche, the DEX’s original home. Both venues have seen just under $100 million in tokens traded since March 26.
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