Pharaoh DEX on Avalanche experienced remarkable growth, expanding its user base from 1,113 to 85,196 users over 24 months—a 7,560% increase—while processing 1,897,538 total swaps and generating $4.3B in trading volume. The platform's BTC.b/WAVAX trading pair emerged as the most dominant, accounting for 1.16B USD in volume and attracting 7.6K unique traders. Trading activity is predominantly concentrated in lower volume brackets, with 31,253 traders operating in the 0-100 USD range and 29,005 traders in the 100-1,000 USD range, indicating a robust and diverse user ecosystem.
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