| Stat | Value |
|---|---|
| Ticker | JOE |
| Price | $0.05 |
| Market Cap | $18.77M |
| 24h Change | +1.0% |
| Circulating Supply | 403.57M JOE |
| Max Supply | 500.00M JOE |
| All-Time High | $5.09 |
| Contract (Avalanche) | 0x6e84...0fdd |
| Contract (Mantle) | 0x371c...2f07 |
| Contract (Binance Smart Chain) | 0x371c...2f07 |
| Contract (Arbitrum One) | 0x371c...2f07 |
What Is Trader Joe?
Trader Joe is the largest and most comprehensive DeFi platform on the Avalanche network, built by a pseudonymous team in 2021. It combines a decentralized exchange (DEX), lending market, farming pools, and a token launchpad in a single interface. Its Liquidity Book AMM, launched in 2022, introduced a novel approach to concentrated liquidity that differs from Uniswap v3.
Liquidity Book AMM
Trader Joe’s Liquidity Book divides price ranges into discrete “bins” (unlike Uniswap v3’s continuous concentration). Each bin holds liquidity at a fixed price point. This design enables:
- Zero slippage within a bin — trades within a single bin execute at a fixed price with no price impact
- Volatile/stable/boosted pool types — different bin step sizes optimized for different asset pairs
- Deeper integration with MEV — the discrete bin structure makes price manipulation less profitable
LPs provide liquidity in specific bin ranges, similar to Uniswap v3 concentrated liquidity, but with a different mathematical formulation and a simpler UX for one-sided liquidity addition.
DeFi Suite
- DEX (Trader Joe): AMM swaps with auto-routing across pools
- Banker Joe: A Compound-fork lending market for supplying/borrowing Avalanche assets
- Rocket Joe: A launchpad for new Avalanche token launches using a “rocketpad” auction mechanism
- Joe Staking (sJOE/veJOE): Multiple staking tiers offering protocol revenue sharing or governance weight
JOE Token
- sJOE staking earns USDC revenue from trading fees
- veJOE staking provides farm yield boosts and voting rights
- rJOE grants allocation participation in Rocket Joe launchpad raises
- Buyback and burn mechanism using protocol fees reduces JOE supply over time
Multi-Chain Expansion
Trader Joe has expanded to BNB Chain and Arbitrum, bringing its Liquidity Book technology to additional ecosystems.