Pharaoh's decentralized exchange on Avalanche is experiencing explosive growth, with 38,731 new unique swappers in the last 30 days and a cumulative trading volume of $5.6 billion across v1 and v2 platforms. The platform shows remarkable diversity, with 77.34% of swappers being multi-DEX traders, and a significant surge in daily swap volumes from just 7 transactions in December 2023 to over 40,000 by early 2025. Notably, WAVAX dominates trading with $528 million in volume and 17,390 unique traders, highlighting the platform's robust and rapidly expanding DeFi ecosystem.