Pharaoh Exchange Dominates Avalanche DEX Market with 75% Share
Pharaoh Exchange has captured 75% of Avalanche's DEX volume, driven by its V3 and DLMM pools, amid a 43% surge in trading activity.
Pharaoh Exchange has captured 75% of Avalanche's DEX volume, driven by its V3 and DLMM pools, amid a 43% surge in trading activity. Avalanche (AVAX) is trading at ₹951 ($10.00), up 0.6% since this brief published. This is an original Token Times brief based on reporting by TronWeekly, with live market data added, as of Fri, 16 Oct 2026 20:00:01 UTC.
Pharaoh Exchange's growing dominance highlights its critical role in Avalanche's DeFi ecosystem, potentially increasing both efficiency and systemic risk due to high concentration.
- Pharaoh Exchange controls 75% of Avalanche DEX volume ($3.11B of $4.16B in 30 days).
- Weekly volume reached $1.13B, indicating renewed DeFi activity on Avalanche.
- Concentration in Pharaoh raises both efficiency and centralization concerns.
Pharaoh Exchange has established a dominant position in the 
Avalanche decentralized exchange (DEX) market, accounting for 75% of the total trading volume over the past 30 days. This translates to $3.11 billion out of the total $4.16 billion in volume, according to TronWeekly.
The platform's V3 and DLMM pools are credited with driving this growth, contributing to a 43.29% increase in trading volume. Weekly volume has now reached $1.13 billion, suggesting a resurgence in DeFi activity on the Avalanche network.
While the concentration of volume in Pharaoh Exchange indicates improved trading efficiency, it also raises concerns about centralization and potential risks associated with dependency on a single platform. This is particularly relevant given the network's total value locked (TVL) of $597.65 million and the broader market context.
Avalanche's overall DeFi TVL stands at $597.65 million, with a 7-day increase of 1.8%, according to DeFiLlama. The Avalanche token (AVAX) is currently priced at $9.94, with a 24-hour decrease of 0.87% and a 7-day decrease of 2.81%, reflecting the broader market downturn.
The total cryptocurrency market cap is $2.79 trillion, with 
Bitcoin down 1.64% in the last 24 hours. The Fear & Greed Index stands at 63, indicating a state of 'Greed' in the market.
Since this brief published about 1 hour ago, Avalanche (AVAX) has moved from ₹945.30$9.94 to ₹951.00$10.00 — +0.60%.
The chart plots AVAX's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 AVAX ≈ ₹1,035.5 (about $10.00), down 0.5% over 24 hours. The rupee itself trades about 8.9% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 16, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Pharaoh Exchange Dominates Avalanche DEX Market with 75% Sha — questions & answers
What is Pharaoh Exchange's market share on Avalanche?
Pharaoh Exchange controls 75% of Avalanche's DEX volume over the past 30 days.
How much has Avalanche's DEX volume increased?
Avalanche's DEX volume has increased by 43.29% to $4.16 billion in the past 30 days.
What is Avalanche's current DeFi TVL?
Avalanche's DeFi TVL is $597.65 million, according to DeFiLlama.
How much is 1 Avalanche worth in rupee today?
About ₹1,035.5 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $10.00. The rupee price moves with both AVAX's US-dollar price and the USDT/INR rate; use our Avalanche in rupee page for any amount.
Has Avalanche's price moved since this brief was published?
AVAX is up 0.60% since this brief first published — trading at ₹951 ($10.00) now versus ₹945 ($9.94) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from TronWeekly. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.