Wu said he learned that according to Blockworks Research, Pumpfun (bonding curve+PumpSwap AMM) accounted for 20% of Solana DEX trading volume yesterday, setting an all-time high. In the past 30 days, non-Pumpfun Memes accounted for 33% of DEX volume, SOL-USD accounted for 27%, Pumpfun Memes accounted for 25%, and the others were 15%. Raydium once accounted for 70% of Pumpfun token trading volume, but currently PumpSwap accounts for more than 60% of Pumpfun token trading volume; however, Raydium still accounts for 90% of the market share in non-Pumpfun tokens.