Ethereum

Trader Joe Expands into the Ethereum Ecosystem with Arbitrum

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The Avalanche-based decentralized exchange expands into the Ethereum ecosystem by deploying on the Arbitrum chain.

According to the announcement, in the coming days, the deployment will go live on Arbitrum’s testnet. It is anticipated to go live on the mainnet in early January.

In this initial phase, Trader Joe will not deploy the JOE Token, lending platform Banker Joe, NFT marketplace JoePegs, and its staking platform developed on Avalanche.

In addition to the Trader Joe’s Liquidity Book AMM, Trader Joe said that Joe V1 AMM, the protocol’s original automated market maker (AMM), would also deploy on Arbitrum One.

Trader Joe chose Arbitrum because its ecosystem is packed with innovative protocols and has a presence from many industry-leading DeFi protocols.

Along with that, Arbiturms TVL has grown to hold a majority share in the L2 segment and the ecosystem home to more than 400 DeFi and NFT projects. “Deploying Liquidity Book onto Arbitrum will be a great addition to the vibrant ecosystem,” Trader Joe noted.

Also Read:  Arbitrum Witnesses Activity Surge Following Airdrop Speculation

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