Solana DEX Market Share Battle
The trader question: "Which Solana DEX is winning today's volume? Where is liquidity actually flowing?"
Every trade row in the dataset is tagged with its DEX — so a single sentence to the agent ranks the entire venue landscape.
Ask the Agent
"Using the Bitquery MCP, show me the top 10 Solana DEXs by 24h USD volume, with trade counts. Sort by volume."
Result (live data, 2026-04-23 snapshot)
| # | DEX | 24h Volume (USD) | Trades | Vol / trade |
|---|---|---|---|---|
| 1 | Meteora (DLMM, DAMM, DBC) | $15.97 B | 22.4 M | $712 |
| 2 | Pumpswap | $8.29 B | 19.5 M | $425 |
| 3 | Raydium | $704.9 M | 3.0 M | $231 |
| 4 | OrcaWhirlpool | $318.5 M | 1.1 M | $295 |
| 5 | Manifest | $197.0 M | 293 K | $673 |
| 6 | GoonFi | $123.5 M | 545 K | $227 |
| 7 | AlphaQ | $109.9 M | 402 K | $273 |
| 8 | Pumpfun | $105.1 M | 2.6 M | $40 |
| 9 | SolFi | $88.1 M | 262 K | $336 |
| 10 | PancakeSwap | $51.1 M | 302 K | $169 |
Two clear stories:
- Meteora dominates by a wide margin — the combined DLMM + DAMM v2 + Dynamic Bonding Curve product family is now ~58% of all Solana DEX volume in this snapshot.
- Pumpfun's per-trade size ($40) confirms the meme-launch / micro-trade reality of the bonding-curve venue, while Pumpswap ($425) is where graduated tokens get serious flow. Browse live Pump.fun token prices on DEXrabbit's Pump.fun category.
What This Tells a Trader
- Routing matters. If you're trading a major Solana pair, ignoring Meteora pools means leaving liquidity (and likely better pricing) on the table.
- Bonding-curve graduation is real. The Pumpfun → Pumpswap funnel is visible right in the volume gap — early discovery happens on Pumpfun, but serious flow lives on Pumpswap.
- The long tail is alive. GoonFi, AlphaQ, SolFi, Manifest each move $80M–200M / day — small enough to be ignored by aggregators, large enough to source unique flow.
For deeper per-DEX coverage in GraphQL, see Raydium, Meteora DLMM, Meteora DAMM v2, Meteora Dynamic Bonding Curve, Pump.fun, PumpSwap, Orca Whirlpool.
Trader Playbook
| You want to … | Just ask the agent |
|---|---|
| Track DEX market share over time | "Plot hourly USD volume per DEX for the last 24h as a stacked area." |
| Find the cheapest venue for a given pair | "For pair <token> / USDC on Solana, show me each DEX with its 1h volume, average trade size, and average realised price." |
| Spot a routing arbitrage | "In the last 5 minutes, what's the average price for <token> on each DEX? Flag the biggest spread." |
| Compare clean vs noisy volume per DEX | "Run the DEX share table twice: all volume vs only clean (non-wash-traded) volume. Show the % drop per DEX." |
| Volume by DEX × token category | "For each DEX, what % of volume is in stablecoin pairs vs SOL pairs vs memecoin pairs?" |
Variations the Agent Handles in One Sentence
- "Same chart but for Ethereum: Uniswap vs PancakeSwap vs 1inch vs Curve."
- "Show me Meteora's product split — DLMM vs DAMM v2 vs Dynamic Bonding Curve volume in the last 24h."
- "Which DEX has the highest unique-trader-to-trade ratio? That's where the most distinct people are trading, not bots."
- "Plot hourly Pumpswap volume vs Pumpfun volume to see graduation flow."
Take It Further
- Drill into a single DEX by asking for per-pool OHLC: "For pool
<address>, give me 1-minute OHLC for the last hour." See the trading overview for what's available. - Cross-chain version of the same question: Cross-Chain DEX Snapshot.
- Track new launches inside the leading DEX in Pump.fun Launch Pulse.
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