Decentralized crypto exchange Trader Joe has seen surging trader and depositor activity on its Arbitrum venue in the past seven days, with total value locked (TVL) rising by more than 300%, reaching $30 million Wednesday.

The jump in activity comes as the price of Trader Joe’s governance token JOE booms. It’s up 11% in the past 24 hours and 58% over the past week, per CoinGecko. At press time it was worth 57 cents.