The Avalanche blockchain's decentralized exchange ecosystem shows remarkable growth, with Pharaoh DEX dominating 99.7% of trading volume at $167.4M and capturing 54.5% of total swaps. The platform experienced explosive user expansion, with daily swappers surging from 326 to 11,740 users, representing a 3,500% increase. Cumulative daily swap volume exponentially grew from $4.4M to $188.4M over 27 days, driven by significant new user participation, with fresh addresses contributing 66.3% of total swap volume at $124.8M.