Try Quests to earn AVAX
@AVAXsideImpact of Avalanche 9000 Upgrade on Trader Joe 🔺
Flipside AI
The Avalanche blockchain experienced a significant transformation following a protocol update, with Trader Joe's decentralized exchange at the epicenter of growth. Weekly active users surged 307% from 837 to 3,149, while new user acquisition skyrocketed from 368-479 to a peak of 16,253 in a single week. The WAVAX-USDC liquidity pool emerged as the dominant force, accounting for 23.6M USD in trading volume (26.5% of top 20 pools), 5,399 transactions, and 819 unique traders, demonstrating robust DeFi activity and network expansion.
Joe DEX experienced a surge in adoption, with both transaction volume and new user activity significantly increasing.
Key Insights
🚀 Weekly Active Users: Increased 307%, from 837 to 3,149 after the update.
📈 New User Adoption: The number of new users per week rose from 368–479 before the update to 4,692–16,253 post-update.
💰 Liquidity & Trading Activity: The WAVAX-USDC pool became the dominant liquidity provider, commanding 23.6M USD in volume, with 5,399 transactions and 819 unique traders, accounting for 26.5% of the top 20 pools' activity.
Visual Breakdown
📊 Daily & Weekly Trends: A clear increase in transaction count and active users is evident from the data.
📌 Liquidity Distribution: Comparing the top 20 pools before and after the update highlights shifts in trader preferences.
This dashboard explores how the Trader Joe protocol update shaped user engagement, liquidity trends, and transaction patterns in the Avalanche ecosystem.