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.
Pharaoh Exchange has captured 75% of Avalanche's DEX volume, driven by its V3 and DLMM pools. Avalanche (AVAX) is trading at $9.96, down 0.1% since this brief published. This is an original TLT brief based on reporting by TronWeekly, with live market data added, as of Sat, 17 Oct 2026 03:00:04 UTC.
Pharaoh's dominance highlights its critical role in Avalanche's DeFi ecosystem, though its high market share raises both efficiency and centralization concerns.
- Pharaoh controls 75% of Avalanche DEX volume with $3.11B in 30 days.
- Avalanche's DEX volume surged 43.29% to $4.16B over the period.
- Weekly volume reached $1.13B, signaling DeFi momentum on Avalanche.
Pharaoh Exchange has established a commanding position in the 
Avalanche decentralized exchange (DEX) market, controlling 75% of the total volume with $3.11 billion in trades over the past 30 days. This represents a significant portion of Avalanche's overall $4.16 billion DEX volume during the period, which saw a 43.29% increase.
The exchange's success is attributed to its V3 and Dynamic Liquidity Market Maker (DLMM) pools, which have improved trading efficiency. Weekly volume on Pharaoh reached $1.13 billion, indicating renewed momentum in Avalanche's DeFi sector.
While Pharaoh's dominance showcases the platform's effectiveness, it also raises concerns about concentration risk. The exchange's high market share could make Avalanche's DeFi ecosystem more vulnerable to disruptions or regulatory scrutiny.
Avalanche's total value locked (TVL) stands at $141.59 million, with a 7-day decrease of 1.9%, according to DeFiLlama. The broader Avalanche DeFi TVL is $592.98 million. These figures suggest that while Pharaoh is thriving, the overall DeFi landscape on Avalanche is experiencing some volatility.
In the current market context, with the total crypto market cap at $2.81 trillion and 
Bitcoin trading flat, Avalanche's AVAX token is priced at $9.97, showing a minor 0.06% increase in the last 24 hours and a 7-day decline of 3.95%. The Fear & Greed Index remains in 'Greed' territory at 55.
Since this brief published about 8 hours ago, Avalanche (AVAX) has moved from $9.97 to $9.96 — -0.10%.
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 TLT'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 ≈ ₦13,575.93 (about $9.96), down 0.2% over 24 hours. The naira itself trades about 2.3% above the official rate on the P2P market, so a Nigerian 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 17, 2026.
TLT 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.
How much has Avalanche's DEX volume increased?
Avalanche's DEX volume surged 43.29% to $4.16 billion over 30 days.
What is Avalanche's current TVL?
Avalanche's total value locked is $141.59 million, down 1.9% over 7 days.
How much is 1 Avalanche worth in naira today?
About ₦13,575.93 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $9.96. The naira price moves with both AVAX's US-dollar price and the USDT/NGN rate; use our Avalanche in naira page for any amount.
Has Avalanche's price moved since this brief was published?
AVAX is down 0.10% since this brief first published — trading at $9.96 now versus $9.97 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT 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 TLT 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.