Pharaoh Exchange, the leading decentralized exchange on Avalanche, has hit all-time highs in monthly trading volume and fees. According to DefiLlama data, the protocol processed around $2.866 billion in 30-day volume and collected approximately $2.48 million in fees. The DEX’s cumulative volume has exceeded $34 billion, while lifetime fees surpass $32 million. The 792% revenue-to-market-cap ratio suggests the token trades at a low valuation relative to the cash the protocol produces. Pharaoh V3 migration from V2 is in its final phase, set to close on October 31, 2026.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
