Solana’s decentralized exchange (DEX) ecosystem has achieved a record-breaking milestone, surpassing $200 billion in trading volume. This milestone represents the highest monthly volume recorded across a single blockchain.
Data from DeFiLlama revealed that Solana’s DEXs recorded $202.7 billion in total trading volume, more than tripling Ethereum mainnet’s $63 billion for the same period.
Solana DEX Volume (Source: DeFillama)
This represents a 100% jump from Solana’s previous record of $129 billion in November 2024 and cements the blockchain network’s nearly 50% dominance of the sector.
Cody Poh from Pantera Capital noted that memecoins account for half of the DEX trading volume on Solana. The trend has been further amplified by US President Donald Trump‘s introduction of his memecoin on the blockchain network just before his inauguration.
Solana Memecoins Trading Volume (Source: X/Cody Poh)
Raydium, the leading DEX on the blockchain network, has significantly benefited from this growth. According to DefiLlama datathe platform accounts for more than 45% of the ecosystem’s trading volume, facilitating approximately $90 billion in trading activities this month.
The post Solana’s DEX ecosystem dominance nears 50% with record $200B trading volume appeared first on CryptoSlate.
GIPHY App Key not set. Please check settings