Ten Solana DEXs handle $2,15 billion of the $2,46 billion traded across 121 venues on the network in a day, which is 87% of it. PumpSwap alone is $838,7 million, or 34,1%. Published rankings of Solana DEXs open with Jupiter, Raydium and Orca in that order; by traded volume the order is PumpSwap, Orca, BisonFi. Figures read from DefiLlama on 4 September 2026.
| Venue | 24h volume | Share | 30d volume | What it is |
|---|---|---|---|---|
| PumpSwap | $838,7M | 34,1% | $20,03B | Memecoin AMM, bonding-curve graduates |
| Orca DEX | $274,0M | 11,1% | $6,46B | Concentrated liquidity AMM |
| BisonFi | $232,5M | 9,5% | $7,63B | AMM |
| Meteora DLMM | $186,5M | 7,6% | $4,42B | Dynamic liquidity market maker |
| Manifest Trade | $158,7M | 6,5% | $3,45B | Order book |
| Raydium AMM | $158,1M | 6,4% | $3,98B | AMM, the long-running default |
| Jupiterz | $99,6M | 4,1% | $1,33B | Jupiter-family venue |
| Scorch | $77,9M | 3,2% | $2,70B | AMM |
| pump.fun | $75,2M | 3,1% | $2,60B | Bonding-curve launch venue |
| Axiom | $53,1M | 2,2% | $2,34B | Trading front end |
How this ranking was built
Order is set by volume traded in the 24 hours to 4 September 2026, from DefiLlama’s Solana DEX category, which covered 121 venues and $2,46 billion that day. Thirty-day volume sits beside it because a single day can be distorted by one launch, and the two columns disagreeing is itself information: BisonFi is third on the day and second over the month.
Jupiter is deliberately absent. It routes orders into the venues in this table rather than holding liquidity of its own, so listing it alongside them double-counts the same trades. That is a category distinction, not a judgement: aggregators are ranked separately in our comparison of DEX aggregators by routed volume, where Jupiter leads.
Memecoin infrastructure is the market, not a corner of it
PumpSwap and pump.fun together handle $913,9 million a day, 37,2% of all Solana DEX volume. One is the launch venue where tokens start on a bonding curve, the other is where they trade after graduating from it. Neither existed in the shape it has now three years ago, and between them they move more than the next four venues combined.
Read that as a market structure fact rather than a verdict on the assets. If you are launching anything on Solana, the liquidity that decides your first week sits in a pipeline built for one asset class, and the venues that serve other kinds of token are individually smaller than that pipeline’s overflow. Raydium, the venue most coverage still treats as the Solana default, is sixth at 6,4%.
Where the published order goes wrong
- Raydium is not second. Summaries in September 2026 list it near the top for liquidity. By traded volume it is sixth, behind an order book and two AMMs that most of those lists never name.
- BisonFi and Manifest are missing entirely. Third and fifth by volume, $391,2 million a day between them, and absent from the rankings we compared against. Manifest is an order book, which is the part of the Solana story those summaries say is coming rather than already here.
- Orca is understated rather than overstated. Usually described as the beginner-friendly option, it is second by volume at $274,0 million. Simplicity turns out to be a volume strategy.
- The reason is age. These lists inherit an order set when Raydium and Orca were the only two answers, and re-check the names rather than the numbers.
Day and month tell different stories
PumpSwap’s thirty-day volume is $20,03 billion, which is 2,6 times its daily rate annualised over the month, so its lead is stable rather than a one-day spike. BisonFi shows the opposite pattern: third on the day at $232,5 million, second on the month at $7,63 billion, meaning the day we measured was below its own average.
Anyone using a single day to pick a venue for liquidity will therefore get the order wrong roughly a third of the time on this list. The practical rule is to read both columns and prefer the thirty-day one for anything that takes longer than a week to execute.
What this ranking does not settle
Volume is not depth. A venue can move a lot of money in small trades and still fail a large order, and nothing here measures slippage on a given size. It also says nothing about fees, about how much of the flow is wash trading, or about which pools would still be there in a quiet month. We did not test a single trade.
The composition also changes faster on Solana than on most networks, because launch mechanics keep changing. This table will misdescribe December. For where these venues sit in the wider market, see our list of the top 30 decentralized exchanges and, for trading across networks, the comparison of cross-chain DEX venues.
Frequently Asked Questions
Which is the biggest Solana DEX in 2026?
PumpSwap, with $838,7 million traded in the 24 hours to 4 September 2026, which is 34,1% of all Solana DEX volume. Orca is second at $274,0 million and BisonFi third at $232,5 million. The ten largest handle 87% of a $2,46 billion daily market across 121 venues.
Why is Jupiter not in this ranking?
Because it aggregates rather than holds liquidity. Jupiter routes orders into the venues listed here, so counting it alongside them would count the same trades twice. It leads a separate category, and we rank it there against the other routers by volume actually routed.
Is Raydium still the main Solana DEX?
No. Raydium AMM is sixth by traded volume at $158,1 million a day, or 6,4%. Published summaries still place it near the top, which reflects an order set when it and Orca were the only real options. Its thirty-day figure of $3,98 billion confirms the position rather than contradicting it.
How much of Solana DEX volume is memecoin trading?
PumpSwap and pump.fun together handle $913,9 million a day, 37,2% of the network’s DEX volume. One is the bonding-curve launch venue, the other is where tokens trade after graduating. That pipeline moves more than the next four venues on the list combined.
Should I compare venues on daily or monthly volume?
Monthly, for anything that takes more than a week. The two columns disagree on this list: BisonFi is third on the day and second over thirty days, so a single day gets the order wrong for roughly a third of these venues. One large launch can move a daily figure by a lot.
Related reading
For how Solana projects find their first holders, see our notes on audience size by chain explorer.