Solana DEX Volume Skyrockets to $6B – Highest in Two Months. Is This the Start of a New Rally?
Solana’s decentralized exchanges just roared back to life—$6B in trading volume marks a two-month high. Is this the chain’s comeback story, or just another crypto caffeine spike?
Behind the surge: Traders are flocking back to Solana’s speedier, cheaper swaps while Ethereum gas fees hit ‘avocado toast’ territory. Meme coin degens and arbitrage bots are driving the action—because nothing says ‘healthy markets’ like reflexive speculation.
What’s next? Watch for SOL price action to either confirm this as sustainable growth or expose it as another liquidity mirage. Either way, the DEX numbers don’t lie—even if half the volume probably comes from wash trading.
Solana DEX Volume Hits $6B, Source: Blockworks
The top category of most traded was SOL against stablecoins such as USDC and USDT, representing approximately $2.6 billion of total volume. It indicates that stablecoins are used by traders to sell or purchase SOL owing to decreased volatility and immediate settlement.
Four Solana-backed DEXs dominated the latest trading frenzy. Raydium led with $1.9 billion, followed by Orca at $1.4 billion, SolFi at $750 million, and Meteora at $620 million. These exchanges were distinguished by their high liquidity levels and active user bases.
Solana DEXs support a vast variety of trading categories besides stablecoins and SOL. These categories include Bitcoin-pegged tokens, tokenized real-world assets like gold or stocks, indexed crypto portfolios, governance and L1 project tokens, AI tokens, and memecoins. Stablecoin swaps and liquid staking tokens (LSTs) are also supported.
This diversity emphasizes the manner in which solana suits both common users as well as sophisticated traders, hence making it one of the most diverse platforms within the crypto world.
In fact, recent data indicates that Solana’s $1.21 trillion DEX volume in 2025 has surpassed ethereum and BNB combined, with 24Hr trading volume also soaring to $4.013 billion.
Also Read: Solana DEX Raydium’s RAY Token Buybacks Cross $190 Million
