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      Raydium Surpasses PumpFun in 24-Hour Trading Volume

      On October 7, 2026, Raydium, a decentralized exchange operating on the Solana blockchain, reported a daily trading volume of $192.2 million, surpassing its competitor PumpFun's PumpSwap, which recorded $185.0 million. This achievement marks a significant moment in the ongoing rivalry between the two platforms, with Raydium climbing to eighth place in the global decentralized exchange rankings, up from ninth.

      Despite this recent success, Raydium's monthly performance reveals a different story. In September 2026, it captured only 12.2% of the total trading volume on Solana's decentralized exchanges, while PumpFun led with 18.6%. PumpFun had previously experienced a peak trading volume of over $1.7 billion in a single day in July 2026, making its current figures appear modest in comparison.

      The competition between Raydium and PumpFun intensified after PumpFun launched its own automated market maker, PumpSwap, in early 2025. This move reduced PumpFun's reliance on Raydium, leading to a shift in liquidity. In response, Raydium diversified its offerings by introducing LaunchLab, a platform for token launches, and focusing on tokenized asset trading, which has proven successful, with Raydium handling 80.5% of trading volume in xStocks-issued assets over the past month. Raydium's cumulative trading volume surpassed $1 trillion in May 2026, and it currently boasts the highest liquidity pools on Solana, totaling around $806 million.

      While PumpFun continues to dominate the memecoin segment, Raydium's strategy of expanding into tokenized assets and maintaining deep liquidity positions it well for sustained growth. However, the monthly market share figures indicate that PumpFun still holds a significant lead, suggesting that the competition between these two exchanges will remain closely contested.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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