On October 7, 2026, the Solana-based exchange Raydium recorded a 24-hour trading volume of $192.2 million. This result allowed it to surpass PumpFun’s PumpSwap, which reached $185.0 million in the same period. The difference between the two platforms was $7.2 million.
This daily performance moved Raydium to eighth place in the global decentralized exchange rankings, up from its previous ninth position. However, monthly data for September 2026 shows PumpFun holding a larger market share of 18.6% of Solana DEX volume compared to Raydium’s 12.2%.
PumpFun previously reached a peak daily trading volume of over $1.7 billion in July 2026. The platform launched its own automated market maker, PumpSwap, in early 2025 to reduce its reliance on Raydium for liquidity.
Raydium has diversified its operations by launching the token platform LaunchLab and focusing on tokenized assets. Over the last 30 days, it processed $805.2 million in xStocks-issued assets, accounting for 80.5% of that market's volume.
Raydium’s cumulative trading volume exceeded $1 trillion in May 2026. Its liquidity pools currently hold approximately $806 million, which is the highest figure among all trading venues on the Solana network.
