Trader Joe Crypto Platform

Pros

$9,410,768 USD currently invested (TVL)

Investments in 155 coin pairs available

Operating on Avalanche C-Chain protocol

Cons

Investments in liquidity pools can be higher risk

Liquidity pool investments are only suitable for advanced crypto users

Trader Joe Reviews

Trader Joe is the flagship one-stop decentralized exchange on the Avalanche blockchain network. The project was founded by anonymous developers in 2021. Cryptofish and 0xMurloc are the founders of the projects. DeFiance Capital, Coin98 Ventures, Mechanism Capital, and Delphi Ventures are among the investors in the project.

Avalanche network is a smart contract compatible blockchain network that is among the first 20 cryptocurrencies by market cap. The project is supported by Avalanche developers. The exchange took its first step into the Ethereum ecosystem by implementing bridging services to Arbitrum One network. Arbitrum is an Ethereum scaling solution with a fast-growing ecosystem. Trader Joe is currently semi-compatible with the Ethereum network and it is planned to fully expand into the Ethereum in the future.

Trader Joe is an all-in-one DEX on Avalanche with swap, pool, stake, farm, and lend tools for users. The number of services on the exchange is growing fast. The project’s web app is very easy-to-navigate with a simple design. Users can connect to exchange with their web wallets. joepegs.com is the NFT marketplace of the platform. Users can trade their Avalanche-based NFTs on the platform.

Trader Joe exchange has its utility tokens JOE. The maximum supply of JOE tokens is 500 Million and there is no private sales, pre-sales, or pre-listing allocation for JOE tokens. All tokens will be released with emissions through the staking and pool services. When you provide liquidity, you can earn JOE tokens. The pool generates income from all trades on the platform. There is a 0.05% fee on all trades and fees go to the sJOE staking pool.

Trader Joe is a new DEX on the market and there is no hack or exploit in its history so far. Smart contracts of the project have been audited by two different firms; ABDK, and Code4rena. You can find audit reports on the project’s documents page.