According to Wu, Pumpfun (bonding curve+PumpSwap AMM) accounted for 20% of Solana DEX trading volume yesterday, a record high. In the past 30 days, non-Pumpfun Memes accounted for 33%, SOL-USD accounted for 27%, Pumpfun Memes accounted for 25%, and others were 15%. Raydium once accounted for 70% of Pumpfun token trading volume, but currently PumpSwap accounts for more than 60%; Raydium still accounts for 90% of the market share in non-Pumpfun tokens.