Pharaoh Exchange accounted for nearly 75% of Avalanche decentralized exchange (DEX) volume in a recent 30-day period, handling $3.135 billion out of $4.184 billion total. Two linked wallet clusters generated 65% of DEX trading dollars over eight days, showing concentrated trading activity often aligned with Avalanche price changes, suggesting arbitrage. Despite a drop in daily swap counts, average daily DEX volume and swap size increased significantly, possibly influenced by a rise in Avalanche's transaction fee floor. This trend highlights Pharaoh's growing dominance and the impact of wallet clusters on Avalanche's DEX trading dynamics.
Pharaoh Exchange's dominance in Avalanche DEX volume is notable, accounting for 74.9% of the $4.184 billion traded in the last 30 days. For readers following major cryptocurrencies on Pluang, as of Oct 17, 2026 13:31 WIB, 11 out of 50 major cryptocurrencies rose while 38 fell. Key movers include EOS with a price of Rp12.649 and an 8.13% increase, DOT priced at Rp21.081 with a 3.44% rise and a strong buy order activity of 96%, and SUSHI at Rp4.001 down 3.26% with 58% sell order activity.
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