Pharaoh Exchange achieves record monthly volume and fees
by@avax
Summary
Pharaoh Exchange, the leading decentralized exchange (DEX) on the Avalanche network, has achieved an all-time high in monthly trading volume and generated fees following the announcement of its upcoming 24/7 permissionless stock trading feature. This milestone is part of a broader trend as decentralized exchanges on Avalanche are increasingly adding trading capabilities for traditional assets, contributing to the ongoing growth of the ecosystem.
Analysis
Pharaoh Exchange: Pharaoh Exchange is the leading decentralized exchange operating on the Avalanche blockchain. The platform recently announced plans to introduce 24/7 permissionless stock trading. This upcoming feature has supported its current milestone of record monthly volume and fees generated. Ecosystem Growth: Activity on Avalanche-based decentralized exchanges continues to expand with new trading capabilities. Product Expansion: Decentralized exchanges on Avalanche are preparing to add permissionless trading for traditional assets such as stocks.
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