Crypto
Pharaoh Exchange Crushes Monthly Volume and Fees Records on Avalanche
Pharaoh Exchange, a leading decentralized exchange on Avalanche, has achieved its busiest month ever in terms of trading volume and fees. According to DefiLlama data, Pharaoh processed around $2.866 billion in 30-day volume and collected approximately $2.48 million in fees.
The protocol's cumulative DEX volume has surpassed $34 billion, with lifetime fees exceeding $32 million. For a historical benchmark, Pharaoh reported $4.90 billion in trading volume across all of Q3 2025. The latest 30-day total alone is more than half of that full quarter.
Pharaoh's record-breaking month also includes an all-time high in daily fees, reaching $284K in November 2025. Its total value locked sits between $47 million and $53 million.