🤣 Traitor Joe?!

Trader Joe, the biggest decentralized exchange (DEX) by total value locked (TVL) on Avalanche, is deploying on a popular Ethereum scaling solution, providing proof-of-life for at least some decentralized applications hanging around near the (hopefully) bear market bottom.

• Trader Joe, launched in 2021, has never deployed to a new blockchain until now. With the highest trading volume among all applications running on Avalanche, its testnet will deploy in the next few days ahead of an expected mainnet launch date set for some time early next year.
• Staying committed to its Avalanche roots, the Arbitrum integration will only offer certain features to the L2 scaling solution’s community, like its new automated market maker and trading services – at least initially. The full suite of Traderjoe’s services will remain exclusively available via Avalanche only.
• As a competing blockchain network, Avalanche has been referred to as one of many “Ethereum killers”, but looks to be following a growing list of DeFi protocols deploying across multiple blockchains recently in order to reach a broader user base.

With the TVL of the DeFi sector down over 75% since the beginning of the year, it’s not surprising that protocols are deploying products across multiple networks to gain as much exposure as possible.