Trader Joe DEX, Joepegs NFT Marketplace Expand to BNB chain

by James · January 6, 2023

Reading time: 2 minutes

DeFi trading platform, Trader Joe’s will expand its Joepegs NFT Marketplace and decentralized exchange to 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 Joepeg’s NFT Marketplace, as well as trading tokens using Liquidity Book, the most efficient AMM in decentralized finance.

Crypto Fish Co-Founder at Trader Joe’s 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 this 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’s experience to this thriving ecosystem.”

Alvin Kan, Director of Growth and Ops at BNB Chain said: “The addition of Trader Joe’s DEX and Joepeg’s 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 huge benefit to our community. We believe the efficiency and security of BNB Chain, combined with the user-friendly offerings of Trader Joe’s DEX and Joepeg’s NFT Marketplace, will drive growth and success for the broader NFT and DeFi the 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, facilitating over $9.5 million in secondary sales. Joepegs has a premium NFT Launchpad that includes a built-in pre-mint feature, a perfect addition that ensures both creators and collectors on the 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’s.

As part of this rollout, 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 for liquidity providers. It features a newly developed volatility accumulator that controls a volatility-adjusted dynamic fee and a discretized bin architecture that enables concentration of liquidity. It also has minimal trading fees due to zero slippage on swaps, and a composable architecture with fungible token receipts that makes it easy to integrate with existing protocols in the ecosystem.