Raydium edges past Pump.fun in 24-hour spot DEX volume

Raydium has overtaken Pump.fun in 24-hour spot DEX volume, according to a TradingView-cited Crypto Briefing report. The report said Raydium recorded $192.2 million in daily trading volume, compared with $185.0 million for PumpFun’s PumpSwap.

The same report also pointed to a separate milestone for Raydium: more than 300,000 unique holders of tokenized stocks. That figure suggests the protocol’s activity is not limited to the memecoin trading lane that has often defined Solana DEX competition.

The volume gap between the two venues was relatively narrow. In that sense, the move looks less like a decisive break and more like a close shift in where spot activity is being routed on Solana.

Raydium has also been expanding beyond its original trading mix. The report linked part of its recent momentum to LaunchLab, its token launch platform, and to growing interest in tokenized assets.

Even so, the figures capture a snapshot rather than a settled trend. Pump.fun still remains a major venue in Solana trading, and the latest numbers do not by themselves show whether Raydium’s lead will hold.