Solana Outstrips Ethereum and Binance Smart Chain with a Daily DEX Volume of $2.8 Billion
Rewritten Article:
Solana's DEX dominance is skyrocketing in 2025! According to Top Ledger, a whopping $806.8 billion worth of trading volume has been processed through Solana-based DEXs by May, signifying a jaw-dropping 400% jump from the same period last year.
That's not all—Solana DEX volume, which stood at around $201 billion at the same time in 2024, is now setting new benchmarks. The growth is downright amazing, and it establishes Solana as the center of the crowd in this year's on-chain trading action.
January alone accounted for more than $408 billion of this gigantic volume. The spikes in January were driven by a monster crypto market rally that began in November 2024, peaked in early 2025, and revitalized retail interest like never before. Token prices soared, and on-chain activity surged, with Solana's own price witnessing a massive escalation during this rally.
The Solana price peaked around January 20, when trading activity skyrocketed to its zenith. However, as the market hype simmered down and prices started to cool, the trading activity settled at more sustainable levels. The monumental January surge, nevertheless, secured Solana a comfortable lead in cumulative 2025 volume–a lead no other chain has come close to bridging yet.
Currently, Solana is trading at $150, and its total all-time DEX volume has transcended the colossal $2.016 trillion mark.
What's more, Solana is now leading the pack in the 24-hour DEX trading race, a space previously dominated by Ethereum. On May 7, Solana tallied an impressive $2.834 billion in daily DEX trades, compared to Ethereum's $2.079 billion. Binance Smart Chain (BSC) followed closely at $2.05 billion, with Base and Arbitrum trailing behind at $725.93 million and $504.22 million, respectively.
For the very first time, Solana isn't just in the race; it's leading the pack!
Much of this immense activity is flowing through Jupiter, the top DEX aggregator on Solana. Jupiter didn't just surf the January wave—it mastered it. With an effortlessly smooth user experience and remarkable liquidity, Jupiter has been the go-to trading destination for Solana enthusiasts during the wildest market swings.
Can Solana maintain this pace? Only time will tell. The rally buzz has faded, and competing chains are gearing up. As of now, Solana is making waves in the DEX pool, topping both daily numbers and year-to-date totals.
[Stay tuned: Solana Name Service Launches SNS Token, Opens the Eligibility Lines for a Massive Airdrop]
The impressive rise in Solana's DEX trading volume has been influenced by several factors:
— A memecoin culture fueling speculative trading around memecoins contributed 44% of the trading volume in January 2025 and remained significant in April. This suggests that the memecoin trading frenzy played a vital role in driving Solana's DEX growth.
— A broader market rally that started in November 2024 and peaked in January 2025 significantly boosted network activity, favorably impacting Solana's pricing dynamics and consequently, its DEX performance.
— Solana's focus on core infrastructure upgrades in April 2025, improving its network throughput by 4%, supported its scaling roadmap. This improvement in capabilities helped Solana handle high volumes more efficiently and attract more users and developers, thereby contributing to increased trading activity.
— The dominance of DEXs like Jupiter Exchange, Raydium, and Meteora accelerated the overall trading volume. Solana's positioning as the second-largest ecosystem in terms of DEX volume after Ethereum highlights its competitive growth.
In summary, the blend of memecoin-centric trading, a broader market rally, and ongoing infrastructure improvements fueled Solana's significant surge in DEX trading volume in 2025.
- In 2025, Solana-based DEXs have processed a staggering $806.8 billion worth of trading volume by May, marking a 400% increase from the same period the previous year.
- Solana DEX volume has surpassed $201 billion, which was its value at the same time in 2024, and is now setting new benchmarks, establishing Solana as a dominant player in on-chain trading action.
- Solana's total all-time DEX volume has exceeded $2.016 trillion, and for the first time, Solana is leading the 24-hour DEX trading race, surpassing Ethereum's daily DEX trades of $2.079 billion on May 7.
- The impressive growth in Solana's DEX trading volume can be attributed to several factors, including the memecoin culture, a broader market rally, Solana's focus on core infrastructure upgrades, and the dominance of DEXs like Jupiter Exchange, Raydium, and Meteora.
