- Pump.fun gains strong energy through rising user flows in the latest DeFi cycle.
- Raydium records steady movement with active traders shaping constant liquidity depth.
- DeFi usage shifts rapidly as platforms rise or fall through sharp changes in demand.
New sector-wide figures reveal a major change in DeFi usage as Pump.fun and Raydium lead the latest 30-day rankings from CryptoRank and DappRadar. Pump.fun reached 5.22 million active users, a growth of 4.5%, while Raydium followed with 5.06 million users, a 22.1% drop. Other platforms recorded varied user counts, and market data from CoinMarketCap added additional context through fresh price movements and trading activity.
DeFi Platforms Record Divergent User Growth
Uniswap ranked third with 2.83 million users and saw a 24.3% rise, which signaled stronger demand across its exchange pools. Jupiter followed with 1.99 million users, although its activity fell 11.1% during the same period. PancakeSwap secured 1.95 million users and posted a 35.8% increase, which marked one of the highest gains across all tracked platforms. OKX DEX held 1.92 million users and recorded a 3.7% decrease.
Source: X
Meteora reached 1.57 million users and climbed by 38.8%, while HOT Protocol reported 1.56 million users but fell by 7.6%. Transit Swap attracted 906,000 users and posted the largest rise at 41.3%, which set it apart from several mid-tier platforms. Sweat Economy recorded 825,000 users with a 5.2% increase, adding to steady growth in activity.
Jumper Exchange drew 560,000 users and saw a 13.8% decline, while Four Meme reached 526,000 users and gained 36.9%. QuickSwap logged 384,000 users with 12.8% growth, 1inch reported 336,000 with a 15.2% drop, and MetaMask Swap closed the list at 333,000 with a 13.5% decrease.
These numbers created one central question for analysts: How long can the leading platforms hold their momentum as user flows continue to shift across DeFi?
Reasons Behind Strong Activity on Pump.fun and Raydium
Pump.fun drew large user traffic through its accessible token-launch system, which allowed anyone to create Solana-based tokens without technical skills. This drove significant activity from retail creators and speculative traders. The platform’s memecoin structure encouraged high transaction volumes and quick token movements, which contributed to its leading position.
Raydium continued to function as a major liquidity hub for Solana tokens. It processed trades with fast execution and low fees, and many new Pump.fun tokens moved directly to Raydium for market activity. Its open-order-book system helped traders interact with new listings immediately, which reinforced strong traffic between the two platforms.
Both networks also benefited from social momentum and rapid token visibility. Newly launched assets often flowed from Pump.fun directly into Raydium pools, which created a continuous cycle of engagement.
Related: Pump.fun Launches Glass Full Foundation for Ecosystem Growth
Pump.fun And Raydium Token Performance
PUMP traded at $0.003056 and fell 0.21% in 24 hours at press time. Its market cap stood at $1.08 billion, and its FDV reached $3.05 billion. Trading volume hit $190.51 million, a decline of 54.07%. The token recorded 111.42K holder accounts, maintained a 1 trillion total supply, and a circulation supply of 354 billion tokens.
At the time of writing, RAY traded at $1.22 and increased 1.07% in the same period. Its market cap totaled $328.9 million, with a circulation supply of 268.25M and an FDV of $680.47 million. It logged $41.72 million in daily volume, while holder accounts reached 249.85K.
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