Pumpswap platform provided 20% of all DEX trading volumes on Solana

According to researchers, BlockWorks Research, PumpFun platform, combining Bonding Curve and Pumpswap AMM exchanger, provided 20% of the total trading volume on decentralized exchanges (DEX) based on Solar. This is a new record indicating an increase in the influence of the digital site on the sector.

Earlier, the largest SOLANA DEX Platform RAYDIUM controlled about 70% of the volume of trading of PumpFun tokens. However, now Pumpswap has intercepted the lead, holding more than 60% of the market share in this category. Such a global shift shows the growing interest of traders in the native Pumpfun AMM exchanger.

By the structure of volumes Solana DEX over the past 30 days, 33% of the market are meme-tokens not related to the PumpFun ecosystem, 27% falls on the Sol-OSD trading pair, 25%-on the PumpFun memo-criticisms, and another 15% are occupied by other virtual assets. It was noted that in November 2024, the share of PUMPFUN in the volume of DEX trade reached 43%.

Despite the active growth of Pumpswap, Raydium retains the dominant position in the market for not PumpFun meme tokens, holding 90% of the share in this segment. At the same time, the Meteora platform increased its share after launch Trump tokens (January 17) and Libra (February 14), but in recent weeks its results began to decline.

The Sol-Usd category has a strict competition between Orca and Lifinity-each of these platforms holds more than 30% of the market, while Raydium controls about 20%.

At the moment, the Raydium remains the leading DEX platform in SOLANA, providing about 50% of the total bidding. However, Pumpswap continues to increase influence due to meme tokens generated on PUMPFUN. So far, the share of the innovative platform is limited by this segment, but the question remains whether the service can expand coverage and strengthen its market positions in the future.

Author

Peter Ivanov