Solana PumpSwap Trading Volume 2026 Hits Record $1.2B Amid Meme Frenzy

$1.28 billion in a single day. The memecoin casino is back in full swing. Solana's PumpSwap just clocked a record-breaking trading volume as retail liquidity floods back into high-risk assets. With Bitcoin holding steady above key support levels, traders are rotating into high-beta corners of the market to chase outsized returns.

Surge in Solana PumpSwap Trading Volume 2026

According to data from DeFiLlama, the PumpSwap ecosystem processed $1.28 billion in volume over the last 24 hours. This surge has pushed the 7-day volume to $6.15 billion and the 30-day total to nearly $19.69 billion. The platform, which serves as the primary DEX for tokens graduating from the pump.fun launchpad, now boasts a cumulative volume of $176.8 billion.

Modest Fees Despite Massive Churn

Despite the eye-popping volume, fee generation hasn't seen a proportional explosion. On January 5, the protocol recorded only $2.98 million in total fees. Analysts suggest this is due to the nature of memecoin trading, which often involves fast "in-and-out" churn in low-fee liquidity pools. Competition between Solana-based venues also continues to compress margins as platforms battle for swap dominance.