Avalanche DEX Trader Joe Closes $5 million in Financing

TokenInsight news, according to The Block, the decentralized trading platform Trader Joe recently announced the completion of a $5 million financing round. The main investors in this round of financing include DeFiance Capital, GBV Capital and Mechanism Capital. Other supporters include Three Arrows Capital, Avalanche Foundation, Delphi Digital, Coin98 Ventures, Not3Lau Capital and Aave founder Stani Kulechov. According to Markr.io, Trader Joe's current TVL reaches 520 million US dollars, ranking second in the Avalanche ecological project list, second only to BENQI. Its platform token is $JOE, with a 24-hour increase of more than 60%.