DeFi trading platform, Trader Joe will be expanding its Joepegs NFT Marketplace and the Decentralised Exchange onto BNB Chain , the world’s largest smart contract blockchain in terms of daily active users. BNB Chain users will be able to enjoy discovering premium digital collectibles and participate in the launch of new NFT collections using the Joepegs NFT Marketplace, as well as trade tokens using Liquidity Book, the most efficient AMM in Decentralised Finance.
Crypto Fish Co-founder at Trader Joe said:
“The deployment of Joepegs NFT Marketplace and Trader Joe DEX on BNB Chain will be completed before the end of the first quarter of the year. BNB Chain is one of the most popular blockchains in the world, currently home to over 1,400 dApps with an active daily user base of over 1 million and we’re very excited to introduce the Trader Joe experience to this thriving ecosystem.”
Alvin Kan, Director of Growth and Ops at BNB Chain said, “The addition of the Trader Joe DEX and Joepegs NFT Marketplace will greatly enhance the offerings available to our community. The ability to discover and trade premium digital collectibles, as well as participate in the launch of new NFT collections, is a major benefit for our community. We believe the efficiency and security of BNB Chain, combined with the user-friendly offerings of the Trader Joe DEX and Joepegs NFT Marketplace, will drive growth and success for the wider NFT and DeFi ecosystem.”
With over 34,000 users, Joepegs is the most popular NFT marketplace on Avalanche. It is a cultural hub for Web3 and a home for all creators and collectors that has facilitated over $9.5 million in secondary sales. Joepegs features a best-in-class NFT Launchpad that includes a built-in pre-mint feature, a perfect addition that ensures both creators and collectors on BNB Chain can participate in exciting NFT launches that provide a smooth and accessible experience.
“We understand what collectors and creators want – premium experiences. That’s why we’re the number one marketplace on Avalanche, because our users trust us to deliver innovative web 3 products without sacrificing accessibility,” said 0x Murloc Co-founder at Trader Joe.
As part of this deployment, the Liquidity Book Automated Market Maker (AMM) deployed on BNB Chain will introduce the most efficient DEX experience for users in the BNB Chain ecosystem.
Trader Joe’s Liquidity Book offers low fees on swaps and concentrated liquidity provisioning for liquidity providers. It has a novel designed volatility accumulator that controls a volatility-adjusted dynamic fee and a discretized bin architecture that enables the concentration of liquidity. It also has minimal trading fees due to zero slippage on swaps, and a composable architecture with fungible token receipts making it easy to integrate with existing protocols in the ecosystem.