Try Quests to earn AVAXHottest Dex on Avalanche in May
I studied the activity size of different DEXs on Avalanche in May. Trader Joe was the top-performing DEX by a huge margin. For example, Trader Joe had 370,462 transactions with 52,438 unique users, while Benqi Finance, the second highest, had only 14,855 transactions with 3,167 unique users. What makes Trader Joe unique? Here’s what I found: Trader Joe uses the Liquidity Book model, an improved version of the traditional AMM model. Instead of the x*y=k model, the Liquidity Book employs a "bin" system, allowing liquidity providers to concentrate funds within specific price ranges. Trader Joe's advanced technology and strategic innovations have made it a leader in the DEX space on Avalanche. Please like, share and comment. Credit: @rez92 I looked into your dashboard.