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TL;DR Trader Joe has emerged as the second largest DEX on the Avalanche blockchain, surpassing PancakeSwap in terms of fees generated in the last 24 hours. Its rise is characterized by its trading volume and fee generation, with over $142 million in trading volume processed in the last 24 hours.
In a significant development within the decentralized exchange (DEX) landscape, Trader Joe has emerged as a dominant force on the Avalanche blockchain, surpassing PancakeSwap to claim the title of the second-largest DEX by fees generated in the past 24 hours.