PumpSwap, developed by the Pump.fun team, emerged as a leader in Solana's DEX market in July 2025, capturing 74% of trading volume driven by increased memecoin activity.
PumpSwap's Rise in Solana's DEX Market
PumpSwap has captured 74% of the DEX volume on Solana due to a surge in memecoin trading. The platform processes $16.8 billion daily and boasts over 9 million users.
Impact of Memecoins on Trading Activity
The increase in memecoin trading has shifted the dynamics of Solana's DeFi, placing traditional assets like ETH and BTC in a secondary position. Speculative trading now takes precedence.
Future of DeFi on Solana
The market share of platforms like Raydium and Orca has noticeably decreased in favor of PumpSwap. Discussions within the crypto community focus on the trading ease offered by PumpSwap and the associated risks of memecoins.
Amid the rising popularity of memecoins and shifting trading activity on the platform, Solana continues to adapt to new conditions, highlighting the dynamics and volatility of the cryptocurrency market.
