DeFi· ★★★· neutral·

BisonFi overtakes Pump.fun as Solana's top DEX by daily volume

  • —BisonFi processed $312–380M in 24-hour volume versus $259M for PumpSwap
  • —30-day volume reached $8.3–8.6B; lifetime volume topped $88B
  • —BisonFi's TVL is about $20.8M, with most flow in SOL/stablecoin pairs
  • —Prop AMMs including BisonFi and Tessera captured 25–30% of Solana DEX volume
Why it matters: Capital-efficient Prop AMMs could pull liquid pairs away from open pools and concentrate execution and trust in a single operator.
Source: Crypto Briefing