Blue, DEX Trader Joe’s Marketing Director, said that the trading engine’s updated automated market maker, Liquidity Book V2.1, will be launched as early as next week.
Liquidity Book V2.1 will allow depositors to more effectively add tokens to Trader Joe’s liquidity pools and enhance the on-chain trading experience. Currently Trader Joe has been used on Arbitrum, BNB Chain and Avalanche. This upgrade will also introduce “auto-pools” that automatically manage depositors’ active positions in high-yield liquidity pools to mitigate risk. In addition, Trader Joe will also launch a new rewards program to distribute tokens to users who participate in Trader Joe’s concentrated liquidity.
According to data from DefiLlama, Trader Joe has accumulated a total locked value of $131.78 million and traded volume of more than $520 million since March 26th.
According to TokenInsight data, Trader Joe ($JOE) is up 349.53% over the past 90 days and currently trades at $0.600948.
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