According to ChainCatcher, the decentralized trading platform Trader Joe’s officials stated that based on recent feedback received from Arbitrum representatives, its application for ARB grants from the Arbitrum DAO treasury has been reduced from 1.83 million to 1.51 million. The funds will be used to improve spot liquidity and trading efficiency, promote the development of the Arbitrum ecosystem, and attract more users to join the Arbitrum ecosystem.