Trader Joe’s Fee Capture, Revenue Hit Second-Highest Marks: Avalanche’s DEX Becomes DeFi Powerhouse
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Benzinga
Benzinga
Trader Joe, a leading decentralized exchange (DEX) on the Avalanche (CRYPTO: AVAX) blockchain, achieved a significant milestone on Dec. 11, with its fee capture reaching $1.23 million and revenue hitting $145,000. These figures represented the second-highest levels recorded for the platform within the year, which marked a notable achievement in the decentralized finance (DeFi) space, according to data from Defillama. Surge in AVAX and JOE Prices: The notable performance of Trader Joe coincided with a substantial increase in the value of Avalanche’s native token, AVAX. Over the past 24 hours, A…