Trader Joe, a leading decentralised exchange (DEX) on the Avalanche blockchain, has recently outperformed PancakeSwap, securing its position as the second-largest DEX in terms of fees generated over the past 24 hours.

This remarkable achievement places Trader Joe right behind Uniswap, highlighting its growing influence in the DEX landscape.

Data from a report by an Artemis Researcher, referencing Token Terminal, indicates that Trader Joe has processed a staggering trading volume exceeding $142 million in just the previous day.

This milestone underscores the platform's rapid ascent and increasing popularity among users seeking robust decentralised trading solutions.