PANews reported on January 4th that, according to data from Jupiter and Artemis Research, Solana's on-chain transaction volume will reach $1.6 trillion in 2025, accounting for 11.92% of the global spot market, surpassing Bybit, Coinbase, and Bitget, and second only to Binance ($7.27 trillion, accounting for 55.11%). Since 2022, Solana's on-chain share has jumped from 1% to 12%, indicating that crypto trading activity is rapidly migrating to on-chain. Meanwhile, Binance's market share has declined from 80% in 2022 to 55%.
Solana's on-chain spot trading volume reached $1.6 trillion in 2025, surpassing most centralized exchanges (CEXs).
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