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Crypto exchange Trader Joe booms on Arbitrum, spurring JOE token rally

Crypto exchange Trader Joe booms on Arbitrum, spurring JOE token rally

Decentralized crypto exchange (DEX) Trader Joe has had surging trader and depositor activity on its Arbitrum venue in the past 7 days, with total value locked (TVL) rising by more than 300%, reaching $30 million on Wednesday.

Data from crypto stats website DefiLlama showed a spike in Trader Joe’s trading volume over the same time period.

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