BisonFi overtakes Pump.fun as Solana’s top DEX by daily volume

A proprietary market maker with a modest pool of locked capital now leads Solana's decentralized exchanges in 24-hour trading volume Solana has a new leader in daily decentralized exchange volume, and it isn’t the memecoin machine everyone expected. BisonFi, a proprietary automated market maker (Prop AMM), has passed Pump.fun ’s PumpSwap to become the top DEX on Solana by 24-hour trading volume. According to DefiLlama data as of October 23, 2026, BisonFi processed approximately $312 million to $380 million in daily trading volume. PumpSwap, Pump.fun’s exchange arm, now sits in second place with about $259 million over the same 24-hour window. The longer view is just as notable. BisonFi’s DEX volume over the past 30 days came in between $8.3 billion and $8.6 billion.

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