According to Foresight News , citing The Kobeissi Letter, Solana's on-chain spot trading volume reached $1.6 trillion in 2025, surpassing all centralized exchanges except Binance. Jupiter Exchange data shows that Solana's on-chain trading volume as a percentage of the total market rose from approximately 1% in 2022 to approximately 12%; in terms of total trading volume in 2025, Solana has surpassed platforms such as Coinbase. Meanwhile, Binance's market share declined from approximately 80% in 2022 to approximately 55%.
In 2025, Solana's on-chain spot trading volume reached $1.6 trillion, surpassing all centralized exchanges except Binance.
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