2024-02-16
On Feb 14, 2024, Emperor Osmo reported
that TraderJoe the largest decentralized exchange on Avalanche blockchain surpassed
PancakeSwap in term of trading fee generation.
On Feb 14, TraderJoe became 2nd largest decentralized exchange in term of fee generation only after
Uniswap. While, PancakeSwap ranked number 3.
According to TraderJoe’s post on X. On
Feb 13, 2024, it had $100 million in daily trading volume. Most trading volume
came from Avalanche ecosystem tokens.
TraderJoe currently has $162 million
TVL. Its TVL increased from $80 million in October.
PancakeSwap is still has more TVL than
TraderJoe. It has $1.7 billion TVL.
As of Feb 16, 2024, UNI token ranked 21st
largest crypto by market cap. CAKE token ranked 105th largest crypto
by market cap. JOE token ranked 257th largest crypto by market cap.
Avalanche currently ranks 9th
largest crypto by market cap. The growth of TraderJoe’s TVL will depend on the
growth of Avalanche.
