Decentralized exchange (DEX) Trader Joe launched its mainnet on Arbitrum, its first move expanding to a chain beyond Avalanche.
The expansion from Avalanche’s most widely used application by volume is a significant trend for crypto protocols. They are launching on multiple chains in the hopes of growing and reaching a larger user base from a diminished pool as Layer 1 blockchains see a drop in transactions.
Trader Joe plans to continue its expansion to other chains that have strong decentralized finance (DeFi) activity and expected ecosystem growth, Trader Joe’s pseudonymous Marketing and Communications Lead Blue told The Block.
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