Solana on-chain spot volume has surpassed all CEXes outside of Binance

BlockBeats News, January 5th, according to Jupiter Data, Solana on-chain spot trading volume has officially surpassed all layer-one trading platforms except Binance in 2025, reaching $1.6 trillion. Since 2022, Solana's on-chain trading volume has surged from 1% of total volume to 12%.

In 2025, Solana's total trading volume has officially exceeded that of Bybit, Coinbase Global, and Bitget. Meanwhile, Binance's market share has dropped from 80% to 55% since 2022.