pump.fun leads on all 4 live benchmarks. pump.fun wins on Trading platform leaderboard ($19.76M vs $1.60M), Solana DEX volume ($162.03M vs $1.60M), Trading app daily volume 2026 ($19.76M vs $1.60M), Trading terminal fill quality 2026 (194 bps vs 461 bps). Data as of 2026-09-29 UTC.
Read methodology Last measured Window: rolling 24h4 shared benchmarks
Photon is a Solana trading terminal targeting advanced traders with fast token sniping, smart-money wallet tracking, and direct DEX routing. It charges a per-trade platform fee on swap volume.
pump.fun is the leading Solana memecoin launchpad. Tokens start on a bonding curve and graduate to PumpSwap (pump.fun's native AMM, launched March 2025) when the curve completes.
Volume is what each app's DeFiLlama dexs adapter attributes to it per UTC day, over every chain that adapter covers. Commission is the app's own cut from its fees adapter (dailyRevenue), not the total fees paid on the trade: the venue underneath takes its own share, and counting that would roughly double the figure. The take rate divides the two over the same days, so it is a floor where an adapter covers fewer chains for fees than for volume. Rows end on each app's own latest closed day.
Volume and revenue from DeFiLlama's DEX and fees APIs, 24h and 7d totals refreshed every 30 minutes. Terminal volume is a floor: a swap counts only when its transaction pays the terminal's fee wallet and Dune decodes the venue. Revenue (dailyRevenue, LP fees stripped) counts every fee reaching those wallets. Their ratio is a take rate this bench does not rank on: it moves threefold across a fortnight for one app. Bench 201 publishes it daily. Terminal and launchpad volume are not additive.
Volume is what each app's DeFiLlama adapter attributes to the app per UTC day, over every chain the adapter covers: FOMO is Solana only on DeFiLlama, GMGN spans ten chains. Each row ends on the app's latest closed day: most adapters are Dune queries that publish a day 10 to 20 hours after it closes, so before mid-day UTC some rows are dated one day behind, and GMGN's adapter skips some days. DeFiLlama can restate the last day for about a day; the series is re-read hourly.
Random sample (150 a day per row, Solana and EVM alike) of the swaps each terminal routed, every attempt counted for the fail rate. Reference = the pool's state before the swap (its reserves, or the previous trade within 60 s); swaps without one keep their split, no loss figure. Published from 50 priced swaps pooled over the product's chains at 25 or more (a single-chain product from 25), ranked from 100; the median's 95 % interval is in the JSON. Compare medians, not single swaps.
Frequently asked questions
Photon vs pump.fun: which one is better?
Photon and pump.fun are compared on 4 shared OpenChainBench benchmarks. pump.fun leads on Trading platform leaderboard. See the live table on this page for every metric.
Which has the higher daily volume, Photon or pump.fun?
On the Trading platform leaderboard benchmark, pump.fun leads at $19.76M versus Photon at $1.60M. Live measurement is updated continuously by the OpenChainBench harness.
How is the Photon vs pump.fun comparison measured?
Every benchmark on this page uses the same open methodology, published at https://openchainbench.com/methodology. Data is CC-BY-4.0. Measurement harnesses are MIT-licensed.
Auto-generated pairs require: both providers in the same benchmark for seven consecutive days, at least 1000 samples per provider, observable third-party search demand, and a public /products/[slug] page on OCB. Editorially curated pairs (like this one) may publish early when search demand is high and data is accruing; panels with fewer than 100 samples are shown as provisional. The full pair ledger is versioned in the public repo.
