The shift comes amid a renewed burst of memecoin trading on Solana, signaling how speculative activity can rapidly reshape decentralized exchange rankings across chains.
Pumpfun has become the No. 1 DEX (decentralized exchange) by 24-hour volume across all chains, surpassing Uniswap. The move coincides with a resurgence in memecoin trading on Solana, a pattern that often drives sharp increases in on-chain activity and can quickly reorder venue rankings when retail speculation accelerates.