Solana DEXs Maintain High Spot Volume, Memecoins Surge to 29% Share

Solana’s decentralized exchanges have kept high spot trading volume, ranking second only to Binance for the fourth straight week. Data from DefiLlama shows the DEXs processed about $1.796 billion in 24‑hour volume and $79.476 billion over the past 30 days, even with a modest 3.75% week‑over‑week decline.

In the week of July 20‑26, memecoins made up 29% of Solana’s spot DEX volume—the highest proportion since August 2025. The surge is driven largely by the token ANSEM (The Black Bull) on Pump.fun, which rallied roughly 18,000% in three days and peaked at a $449 million market cap. Stablecoin‑SOL pairs still account for 37% of volume, while overall stablecoin supply on Solana now exceeds $15 billion.