As a result of this positive development, Avalanche (AVAX) rose by 7%

Trader Joe is currently the largest DeFi exchange in Avalanche. According to DeFi Llama, the agreement locks in a total value of approximately $1.35 billion, making it the 26th largest agreement.

Avalanche's appeal is not limited to the financial sector. The blockchain supports ETH-based applications and allows for game development, both of which have contributed to the rapid popularity of the blockchain.