Solana’s cooking in 2025 — its decentralized exchange (DEX) scene just hit a wild $806.8 billion in trading volume so far this year. That’s nearly 4x the volume it pulled during the same time last year ($201B). Data from Top Ledger confirms the Solana ecosystem is booming, with January alone clocking in over half the total at $408B. Yeah, that January pump was real.
Jupiter Still Running the Show
If you’re wondering who’s moving most of that volume, it’s Jupiter, SOL’s DEX aggregator kingpin. Jupiter handled $334.6B, which is 55% of all volume on Sol’s DEXs. OKX is way behind with just $32.2B, and Pump.fun — that wild memecoin launchpad — surprisingly pulled in $22.3B.
Execution Layer: Raydium FTW
Down at the execution layer (where trades actually go through), Raydium is the MVP with $352.8B in volume. Meteora came in second with $113.7B, then Orca at $103.9B, and SolFi trailing with $97.9B. Bottom line: people are swapping on SOL like crazy.
Solana’s Catching Up to Ethereum
Big picture? Solana is closing in on Ethereum in the DEX wars. ETH still owns 30% of total DEX volume across all chains, but Solana’s now holding 23% — and it’s climbing.
The Takeaway
Solana isn’t just trending. It’s dominating the DEX game, and protocols like Jupiter and Raydium are leading the charge. The network’s growing fast, adoption is real, and 2025 is already looking like a breakthrough year.
You might also like: Lee Jae-myung Vows to Embrace Crypto ETFs as Part of Youth-Focused Reform