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Solana DEX volume is concentrated in 2 platforms.
Top Solana DEXs by weekly volume in the past week:
1. Pumpswap (PumpFun DEX) → $51.4B
2. Meteora → $20B
3. Raydium → $2.3B
4. Humidifi → $2B
5. Whirlpool → $1.4B
6. Bisonfi → $1.3B
7. Alphaq → $1.1B
8. Tessera → $894M
9. GoonFi → $824M
10. Manifest → $565M
11. Pumpfun → $505M
12. ZeroFi → $324M
@Pumpfun and @MeteoraAG dominate with ~85% of total volume. Everything else splits the remaining 15%.
Meteora keeps growing week over week.
This is a clear negative reaction to the millions of memecoins flooding the market and fragmenting the liquidity.