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Pharaoh Exchange hits record $2.87B volume and $2.48M fees on Avalanche in 30 days

Protocol Fundamentals
01 Oct 2026
Crypto Briefing
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Bullish
Pharaoh Exchange hits record $2.87B volume and $2.48M fees on Avalanche in 30 days

Pharaoh Exchange, a decentralized exchange on Avalanche, recorded its highest monthly trading volume of $2.866 billion and fees of $2.48 million, surpassing previous quarterly benchmarks. Despite a total value locked (TVL) of around $50 million, its concentrated liquidity model enables handling billions in volume. The protocol directs all revenue to xPHAR token holders, with a revenue-to-market-cap ratio of 792%, indicating undervaluation. The transition to Pharaoh V3 is concluding by October 31, 2026, expected to consolidate liquidity and enhance governance benefits for holders.

Avalanche's AVAX token is trading at Rp195.230 on Pluang with a 1-day gain of 0.72%. The platform shows a market cap of Rp86.48 trillion and a 24-hour trading volume of Rp9.4 trillion. These figures provide context to Pharaoh Exchange's record monthly volume on Avalanche as of Oct 01, 2026 22:42 WIB.

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