Avalanche DEX volume jumps 29% to $4.1 billion, led by Pharaoh Exchange

Avalanche ’s decentralized exchange (DEX) activity has seen a significant increase, with 30-day trading volume rising to $4.1 billion in October 2026, marking a 29% month-over-month gain. This growth comes amid a broader decline in DEX volume across other major Layer-1 blockchain networks, positioning Avalanche as a notable outlier capturing greater trading market share during the period. The recent momentum within Avalanche’s DEX sector is highly concentrated among a few platforms. Pharaoh Exchange, an automated market maker with specialized liquidity solutions, accounts for roughly $3.12 billion, or 76%, of Avalanche’s total DEX trading volume.

Source: CoinTurk News