Solana DEX volume sees 42% from memes as trading activity revives

Meme tokens are back in the driver’s seat on Solana. After months of declining interest that saw meme dominance crater below 10% in late 2025, speculative trading now accounts for roughly 42% of all daily decentralized exchange volume on the network. The numbers tell a clear story of revival. Pump.fun, which includes the PumpSwap platform, has contributed approximately $492 million to Solana’s total daily DEX volume of about $1.178 billion, according to DefiLlama data. The meme cycle refuses to die Memes dominated over 70% of Solana DEX volume back in December 2024. Then came the hangover. By late 2025, meme token dominance had collapsed below 10%. Pump.fun’s daily volumes, which had hit an all-time high exceeding $2 billion in early January 2026, saw a sharp pullback. One token in particular helped spark the latest wave. ANSEM surged approximately 299% within a single week in July, lifting trading volumes across Pump.fun’s entire platform and bringing dormant traders back to the table. Why Solana keeps winning the meme trade Solana’s low transaction fees and rapid execution make it the ideal playground for high-frequency speculation. Pump.fun has essentially industrialized the mem...