DEX Trader Joe is live on Arbitrum amid trend to move to multiple chains

Quick Take

  • Trader Joe has launched its mainnet on Arbitrum.
  • This move signifies a new trend in crypto protocols launching on multiple chains in the hopes of growing their user bases.

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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The DEX’s goal is to increase the usage of its new Automated Market Maker (AMM) model, a technology that’s the biggest such innovation since Uniswap V3, Blue claimed. Uniswap V3 currently has the highest cumulative trading volume across all DEXs, according to DeFiLlama.

Arbitrum and Optimism, both of which are Layer 2s built on top of Ethereum that inherit its security properties, have seen consistent growth in transaction count this year, according to The Block Data. Meanwhile, Layer 1 blockchains have seen a decline in the same timeframe.

© 2023 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

About Author

Mike is a reporter on the crypto ecosystems team who specializes in zero-knowledge proofs and applications. Prior to joining The Block, Mike worked with Circle, Blocknative, and various DeFi protocols on growth and strategy.


To contact the editors of this story:
Madhu Unnikrishnan at
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Christiana Loureiro at
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