DeFi· ★★· bullish·

Pharaoh Exchange posts record monthly volume and fees on Avalanche

  • —30-day volume hit $2.866 billion, with fees at about $2.48 million
  • —Cumulative DEX volume surpassed $34 billion; lifetime fees topped $32 million
  • —Protocol TVL stands between $47 million and $53 million
  • —Migration from Pharaoh V2 to V3 closes on October 31, 2026
Why it matters: Record fees directly boost payouts to xPHAR holders, while the V3 migration is set to consolidate liquidity.
Source: Crypto Briefing