Avalanche-Based DEX Trader Joe to Soon Deploy on Ethereum Scaling Solution Arbitrum

“Our aim was to always innovate on the frontiers of DeFi at a global level,” Trader Joe developers said in a statement. “Deployment to Arbitrum One is the next step in this global expansion effort.”

Trader Joe will initially be deployed on the Arbitrum testnet in the coming days with the mainnet launch expected in early 2023. The DEX captured $2.5 billion in locked value at its lifetime peak and continues to attract the highest transactional volumes among all Avalanche-based products. The Ethereum-based scaling product, which allows traders to transact on the blockchain network for under a few cents in fees and transacting times of a few seconds, is among a flurry of blockchain networks that launched in the past year – each promising to be faster and cheaper than the previous one.

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