2026-01-05 10:32:05

The on-chain spot trading landscape on Solana is quietly being rewritten. According to data, the spot trading volume on the Solana chain has surpassed 1.6 trillion USD by 2025, officially overtaking all centralized exchanges except Binance — a remarkable achievement.

What’s even more noteworthy is the growth trajectory behind it. Since 2022, the on-chain trading volume on Solana has skyrocketed from just 1% to 12% of the entire market, with a growth multiple of over 10 times. This shift not only reflects the rapid development of the Solana ecosystem but also indicates that on-chain trading methods are gradually gaining market recognition.

Compared to traditional CEX centralized models, spot trading on Solana achieves a more efficient trading experience through on-chain liquidity aggregation. When on-chain trading volume can rival that of leading centralized exchanges, the significance behind this is far more than just a number — it marks a leap forward in the maturity of Web3 trading infrastructure.

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AltcoinMarathoner

· 01-08 10:23

ok wait, we're at mile 18 of this marathon and solana just casually sprinted past everything except binance... the 1% to 12% arc is exactly what accumulation phase looks like when fundamentals actually matter. tvl + dex volume + this? ecosystem momentum is *chef's kiss* ngl

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AlwaysMissingTops

· 01-05 15:37

Damn, 1.6 trillion? Is this number serious? It feels a bit outrageous. SOL has really taken off this time, going from 1% to 12%—a complete turnaround? The on-chain trading experience is indeed smooth, but I still feel more at ease with CEXs, not gonna lie. Wait, could this be inflated? Is there a possibility of wash trading? Oh my god, if this data is accurate, I need to reevaluate Solana. A 12% share is a bit terrifying—could it drop back down next time? By the way, does anyone really use only on-chain trading? Isn't the risk too high? Breaking through 1.6 trillion, I’m tempted to buy the dip in SOL... but maybe I should wait and see. They talk so confidently—does the liquidity really go that deep? Won't large orders cause slippage? Gotta admit, the SOL ecosystem is indeed gaining momentum, but I’m still a bit cautious.

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SlowLearnerWang

· 01-05 11:02

Wait, did I miss something again? 1.6 trillion? I need to review this...

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SatsStacking

· 01-05 10:51

Alright, SOL this wave is really fierce, going from 1% to 12%, this growth rate is no joke. Wait, is the 16 trillion on-chain transaction volume or actual trading depth? The numbers seem a bit inflated. Is the on-chain trading experience really better than CEX? Why do I still often experience slippage? Talking about mature infrastructure, I only look at TPS and Gas fees… The Solana ecosystem suddenly took off, is there really a story behind it or is it just another pump-and-dump?

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FlashLoanLord

· 01-05 10:45

Wow, SOL has really taken off this time, who would have thought it would reach 12% dominance? From 1% to 12%? That's true exponential growth, not just hype. On-chain transactions crushing CEXs—no one would have believed it if you said this before.

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EyeOfTheTokenStorm

· 01-05 10:42

Wait, how is the figure of 1.6 trillion calculated? Are on-chain transaction volumes counted as double? I need to run it through a quantitative model... Based on historical data, Solana's recent growth indeed broke market expectations, but the risks behind the 12% share should not be underestimated. Don't be fooled by the short-term prosperity.

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