Trader Joe's activity has led to an increase in the value of AVAX and the TVL (Total Value Locked) on the Avalanche network. This growth is reflective of the overall positive sentiment in the crypto sector and the increasing prosperity of various ecosystems. TraderJoe, a popular decentralized exchange (DEX) on Avalanche, experienced significant growth on the network, with trading volume increasing by 112% over a specific period. Additionally, fees collected from trading activity surged by 146%, reaching a substantial sum of $138,000. Most of the trading, 74%, occurred on the Avalanche chain, while 25% took place on Arbitrum. The growth of TraderJoe_xyz on Avalanche has brought benefits to the network, including increased vibrancy, trust, and reliability. This has led to a surge in TVL and DEX volumes on Avalanche, contributing to AVAX's price surge of 9.62% in the last 24 hours, with it currently trading at $18.04. Read more AI-generated news on: https://app.chaingpt.org/news