Since the release of the v2 service platform on Arbitrum on February 1st, trader Joe has ranked among the top five in terms of trading volume on the Blockchain Technology Exchange (DEX)

The project has launched a liquidity incentive plan to enhance the savings of Arbitrum's ARB, ETH, and USDC transactions, which share a 300000 JOE reward worth approximately $171000. The incentive plan will be completed on April 6th.

According to the social network account of this project, trader Joe accounted for 15.7% of ARB's total trading volume in the first week.

Although the JOE incentive mechanism has shown effectiveness in increasing the liquidity level of ARB, the team's independent innovation in improving DEX capital efficiency and other aspects is an important reason for the improvement.

Trader Joe's Ranking Rise in the DEX Industry

Trader Joe launched the Liquidity Book (LB) physical model and v2 update in the fourth quarter of 2022, competing with Uniswap v3's liquidity physical model market.

The Trader Joe model allows liquidity service providers (LPs) to add liquidity to designated "price boxes" to improve capital efficiency. A Delphi report shows that design brings "zero scrolling", "due to its substitutability, it provides more coordination ability, and brings better stability and feeling to LPs

Yash, a customer of Decentralized Finance in Power Engineering (DeFi), praised DEX's breakthrough, as this type of independent innovation has been transformed into organic growth.

The purpose of Uniswap v3 and LB entity models is to concentrate liquidity in dynamic trading segments, generate significant fees for liquidity service providers, and reduce traders' slippage.

At present, Trader Joe seems to be ready to seize the market in emerging ecosystems such as Ethereum Layer 2 and the main chain. However, apart from Uniswap, this project also faces competition among important events brought about by the current policy of source code approval.

The Uniswap v3 code license certificate expired on April 4th, allowing the team to branch designs in their DEX. PancakeSwap is a leading DEX on BNB's intelligent chain, and one of the earliest companies in China to release the Uniswap trading platform model on BNB chain, Aptos, and blockchain based on digital currency.

Regarding: Arbitrum's ARB token signifies a gradual airdrop supply season - here are 5 special points to note

JOE Price Analysis

Delphi may report that after the release of V2.1, the stock price to earnings ratio (P/E) of sJOE token holders is expected to exceed 15.5 to 7.5 (adjusted based on the final trading price of $0.57), which will be announced in the second week of April.

According to token terminal device data information, a stock price to earnings ratio less than 15.2 will result in Trader Joe entering the top 15 agreement books for token holders' actual returns. For the most popular DeFi protocols such as dYdX, SushiSwap, and Convex Finance, the total market value of the token's thorough dilution can be divided by its calculated P/S ratio of over 15 for the token holder's daily earnings.

With the advancement of LB design and transfer to service platforms outside of landslides, the overall price of JOE has broken the silence.

At present, this token is expected to have a differentiation ability of around $1.01 in 2022 and a peak of $1.52 in January 2022. On the downside level, the support line is located between $0.13 and $0.20.