If you're diving into the world of meme tokens on Solana, understanding where the action happens is crucial. Decentralized exchanges (DEXs) are the go-to platforms for swapping tokens without intermediaries, and they've been buzzing with activity. A recent tweet from Solana Daily highlights the top 10 DEX on Solana by trading volume over the last seven days as of October 15, 2025. Let's break it down and see what it means for meme token traders like you.

The total DEX volume on Solana hit an impressive $11.04 billion in just one week, showcasing the network's robust activity even during market dips. This data underscores Solana's edge in speed and low fees, making it a hotspot for high-frequency trading, including those viral meme coin launches.

Breaking Down the Top Performers

Starting with the leader, HumidiFi topped the chart with a whopping $7.38 billion in volume. As a newer player focused on automated market makers (AMMs), it's gaining traction for its user-friendly interface and efficient liquidity pools, which are perfect for trading emerging meme tokens.

Next up is Orca DEX AMM at $5.94 billion. Orca is a veteran in the Solana space, known for its concentrated liquidity features that help reduce slippage—that's when the price moves against you during a trade. For meme traders, this means better execution on those quick flips.

Raydium follows closely with $5.72 billion. If you're into meme coins, you've probably used Raydium—it's integrated with Serum and offers fast swaps. Many Solana memes launch here, making it a staple for spotting and trading the next big thing.

Meteora secured fourth place at $2.49 billion. This DEX emphasizes dynamic liquidity management, which appeals to advanced traders looking to optimize yields while dabbling in memes.

Tessera V AMM comes in at $1.12 billion. It's designed for seamless token swaps with a focus on community-driven pools, often featuring niche meme projects.

Then there's PumpSwap (associated with Pump.fun) at $990 million. Pump.fun has revolutionized meme token creation on Solana, allowing anyone to launch a coin in minutes. This volume reflects the frenzy around new meme launches, where traders jump in early for potential moonshots.

DeFiTuna AMM recorded $758 million. This platform blends DeFi tools with fun, tuna-themed branding, attracting meme enthusiasts who enjoy thematic trading.

SoFi at $604 million offers social finance features, integrating trading with community interactions—ideal for meme communities building hype.

Lifinity with $588 million focuses on perpetual futures and options, but its spot trading also supports meme token liquidity.

Finally, PancakeSwap rounds out the list, bringing its multi-chain expertise to Solana. Known from Binance Smart Chain, it's expanding to offer cross-chain swaps for memes.

Why This Matters for Meme Tokens

Solana's DEX ecosystem is a breeding ground for meme tokens due to its low transaction costs—often under a penny—and blazing-fast speeds. Platforms like PumpSwap make it easy to create and trade memes, fueling viral trends. High volumes indicate strong liquidity, which means you can buy or sell without massive price impacts, but always watch for rugs or pumps.

This ranking also hints at shifting preferences. Newer DEX like HumidiFi surging ahead shows innovation in AMMs, potentially offering better tools for meme strategies. If you're a blockchain practitioner, keeping an eye on these volumes can help you gauge market sentiment and spot opportunities in the meme space.

For more on Solana's performance, the tweet quotes a comparison with Ethereum's TPS (transactions per second), where Solana hit over 100,000 TPS during a liquidation event. This scalability is why memes thrive here—quick, cheap trades keep the fun going.

Stay tuned to Meme Insider for more updates on meme tokens and Solana developments. What's your favorite DEX for meme hunting? Share in the comments!