Trader Joe, a decentralized exchange, is going live on the Ethereum scaling network Arbitrum.
Since the company’s founding in 2021, this is Trader Joe’s first deployment on a new chain.
According to DeFiLlama, Trader Joe has the highest overall trading volume across all applications on Avalanche, but this volume has significantly decreased since June.
In the coming days, Trader Joe will launch on Arbitrum’s testnet, with a mainnet launch anticipated early in 2019.
The scope of Trader Joe’s Arbitrum debut will be constrained. Only Avalanche will offer features like its native token JOE, the lending platform Banker Joe, and the NFT marketplace Joepegs.
The Liquidity Book Automated Market Maker (AMM), which the company claims is more effective than conventional decentralized exchange models, was introduced last week.
The only other feature that will be offered on Arbitrum besides trading is Liquidity Book.
According to L2beat, Arbitrum is the largest chain in terms of market capitalization.
The integration of Trader Joe’s with Arbitrum continues a trend of other decentralized finance (DeFi) protocols being implemented on various chains.