Pharaoh Exchange Accounts for 74.9% of Avalanche DEX Volume

Pharaoh Exchange accounted for 74.9% of Avalanche decentralized-exchange volume in a rolling 30-day snapshot displayed Oct. 17, while two linked wallet clusters generated 65% of DEX dollars over eight days. The snapshot showed $3.135 billion in Pharaoh volume out of $4.184 billion across Avalanche DEXs. Pharaoh is a concentrated-liquidity exchange built on Avalanche C-Chain. The rolling 30-day snapshot, September tally and eight-day wallet analysis cover different periods, so their percentages use separate windows. Pharaoh handled 81% of Avalanche DEX volume in September, up from 27% in April. Two pools pairing Wrapped AVAX (WAVAX) with USD Coin (USDC) accounted for 62% of the chain’s DEX volume that month. Wallet activity was concentrated over the eight days from Sept. 27 through Oct. 4.

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