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.