Solana Spot trading volume surpasses SOL-USD transaction to set a new high

NullWhisperer · 2025-12-21T14:20:09+00:00

Recently, the spot trading volume of the SOL-USD trading pair on the Solana blockchain has continued to rise, surpassing some leading exchanges, overall indicating that Solana is transforming from a high-performance public chain into a Liquidity hub, reflecting the mature development of the on-chain trading ecosystem and Decentralized Finance liquidity.

NullWhisperer

2025-12-21 14:20:09

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[Coin World] Recently, there has been an interesting phenomenon in the market: the SOL-USD trading pair on the Solana blockchain has been continuously thriving for three months, with the monthly spot trading volume surprisingly exceeding the total of some leading exchanges combined. What does this indicate? It indicates that Solana is gradually evolving from a purely high-performance public chain into a true liquidity hub.

This transition is no small matter. From the perspective of trading depth and activity, more and more traders are choosing to trade SOL directly on the Solana chain, rather than relying on centralized exchanges. This reflects the maturity of the on-chain trading ecosystem and suggests that DeFi liquidity is gathering on-chain. This is definitely a positive signal for the value capture of SOL and the prosperity of the ecosystem.

SOL1,81%

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CrashHotline

· 2025-12-23 12:56

SOL is really taking off this time, on-chain volume has surpassed that of centralized exchanges? What does this indicate, has on-chain liquidity really become a reality? It feels a bit off, how is this data being calculated? People are almost flowing towards CEX, and now it's said to be gathering on-chain, which one is true? Surpassing the total of other exchanges in three months, how fierce must this be, it feels like something is not right. Wait a minute, is this DeFi liquidity really gathering or is it inflated? SOL is about to da moon, but what about my bag?

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LightningClicker

· 2025-12-22 21:34

Wow, SOL is really going to da moon this time, the on-chain liquidity hub is no joke.

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Anon32942

· 2025-12-21 14:42

sol on-chain volume To da moon, now the cex should be in a panic, right?

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GateUser-4745f9ce

· 2025-12-21 14:26

I am an old player of the Solana ecosystem, and this data is indeed amazing. --- Is the on-chain volume of SOL surpassing the Centralized Exchange? I can't believe it, how many people must have migrated over? --- To put it simply, it's just that CEX is losing blood, while on-chain DeFi is sucking blood, it's the trend of the times. --- The term "Liquidity hub" sounds a bit exaggerated, but Solana is indeed taking this seriously. --- Wait, where does this trading volume data come from? I feel like I need to check its authenticity. --- I am optimistic about Sol's long-term logic, but it's still a bit early; the ecosystem is not fully mature yet. --- This is typical internal competition in the ecosystem, constantly comparing with itself. --- That's why I haven't put everything into Ether; Solana is indeed bringing valuable insights.

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BridgeNomad

· 2025-12-21 14:20

wait, they're saying sol-usd volume on chain is outpacing cex combined? ngl that's wild but... been through enough bridge disasters to know tvl migration ≠ actual safety. who's providing this liquidity depth tho? got some sybil farms spinning fake volume or is it legit? need to see the postmortem on counterparty risk here before i celebrate lol

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