In the ever-evolving landscape of decentralized finance (DeFi), Trader Joe stands as a beacon of innovation on the Avalanche network. At the crossroads of decentralized trading and lending, Trader Joe seamlessly combines the power of decentralized exchange (DEX) services with the opportunities presented by DeFi lending. At the heart of this revolutionary ecosystem lies Joe Lending, a built-in lending and borrowing platform that introduces users to a world of possibilities.

Lending on Trader Joe is not just a feature; it's a gateway to a new era of financial freedom. By leveraging this platform, users can seamlessly participate in lending and borrowing activities, offering and acquiring assets, all while earning interest on their holdings. It's a game-changer that empowers users to harness the power of their assets, making their money work for them in a decentralized, secure, and transparent manner.

With Trader Joe, the boundaries of DeFi are pushed further, opening up exciting opportunities for those who seek to explore the vast potential of decentralized finance. Whether you're looking to lend your assets to earn passive income or borrow to take advantage of leveraged trading, Trader Joe's Lending is your gateway to a world of financial possibilities, all within the safety and efficiency of the Avalanche network. Join us in this journey of innovation and empowerment as we explore the lending activities on the Trader Joe platform, where the future of DeFi is unfolding today.

👆In this dashboard, the default time range for results spans from the start of 2023 up to the present, with data displayed on a monthly basis. You have the option to input your preferred time frame (monthly, weekly, daily, or hourly) in the boxes above to view results based on your chosen interval.

You can read the most important results obtained in this dashboard in the following link:

• https://x.com/Astiran91/status/1714595921093128578?s=20

1️⃣

🔴Lending is the lifeblood of DeFi, and on the #Avalanche, it's the bridge between innovation and accessibility, empowering users to unlock the full potential of decentralized finance.✅🎯

🔎In this dashboard, we meticulously track all lending activities on the @TraderJoe_xyz.

2️⃣

Since the start of 2023, the total deposits on the @TraderJoe_xyz have surpassed 80 million USD.💪

This amount of deposit in a bear market is very impressive for the @TraderJoe_xyz.💎🏆📈

We've got exciting findings to share with you!😍✅

3️⃣

In February and March, @TraderJoe_xyz saw its highest deposit volumes of 2023, with a total of 45.6M USD deposited across 2.25K transactions. 🚀💰

This remarkable trust from Trader Joe's users speaks volumes. 🤝🙏

4️⃣

Which tokens boast the highest deposit volumes on the @TraderJoe_xyz platform in 2023❓ 💰📈

• 🥇USDt ➡ 28.2M USD
• 🥈BTC.b ➡ 15.2M USD
• 🥉USDC ➡ 11.3M USD
• 🏅WETH.e ➡ 9.1M USD

5️⃣

Which user has the largest deposit volume during a single transaction on the @TraderJoe_xyz platform in 2023⁉

• 👨‍💼Depositor: 0x51e7768e5c0ecc98d45cab1b80796a19c24790d7
• ⏰Date: 2023-03-03
• 🟢Token: USDt
• 💰Deposit Volume:1,919,968 USDt

6️⃣

Data analysis shows that the largest number of deposit transactions (2.18K TXs) on the @TraderJoe_xyz 's platform in 2023 have a volume between 100 and 1000 USD.🤔🤔

7️⃣

As of the beginning of 2023, only 6 whales were active on the lending side of the @TraderJoe_xyz . 🐳🐋

The total deposit volume of these whales is equal to 15.2M USD.💸💰

Popular tokens of these whales for deposit are: USDt, USDC and BTC.b🤑🤩

8️⃣

@TraderJoe_xyz 's witnesses the highest deposit volume with USDt, but the highest frequency of deposit transactions is associated with #AVAX.🔴🎯

🏆Top 3 tokens with the most significant number of deposit transactions are as follows:

• 🥇#AVAX: 2.32K
• 🥈WETH.e: 853
• 🥉#USDC: 706

9️⃣

📈 @TraderJoe_xyz saw a deposit surge in April, with a whopping 93% increase in new depositors compared to March. 🚀

😴May, however, experienced an 83% drop in new depositors, hitting the lowest point!📉

📉New depositors count have been on a decline in recent months! 😕

🔟

😍🏆Popularity of tokens based on borrowing volume on the @TraderJoe_xyz in 2023:

• 🥇USDT.e ➡ 15.21M $
• 🥈WETH.e ➡ 10.083M $
• 🥉USDt ➡ 7.639M $

1️⃣1️⃣

15 addresses on the @TraderJoe_xyz have been identified as actively depositor, each with a total deposit volume surpassing 1M$.

Notably, the address "0x8f....c8d" leads the pack, boasting a substantial deposit volume of 9.5M$.