Solana Tops Major CEXs as Spot Trading Volume Hits $1.6T

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This article was first published on The Bit Journal. Solana has cemented its position as one of the most active venues for spot cryptocurrency trading in 2025, ranking second globally by Solana volume, trailing only Binance, according to data from Jupiter.

Solana Volume Surges Past Major Exchanges

According to on-chain data, Solana volume was about 1.6 trillion in spot trading this year, more than the total activity of most major centralized exchanges, such as Coinbase, Bybit and Bitget. 

The milestone represents a dramatic change since only three years ago, Solana used to take about 1 percent of all the spot market-related activity. By January 4 this number had risen to approximately 12% and underscores the rate at which Solana volume has increased as more and more people switch to high-performance blockchains.

BREAKING: Solana onchain spot volume officially overtakes all offchain exchanges except Binance in 2025, at $1.6 trillion.

Since 2022, Solana onchain volumes have surged from 1% of total volume to a massive 12%, per @JupiterExchange.

In 2025, Solana officially surpassed Bybit,… pic.twitter.com/QEkolty9bV

— The Kobeissi Letter (@KobeissiLetter) January 2, 2026

Stablecoin Flows Reflect Solana Trading Growth

Market analysts indicate that the growth in Solana volumes has not been sudden, but gradual, but traders have been attracted by the need to achieve higher transaction speeds and reduced costs. With liquidity continuing to drift towards Solana, people are asking where actual market activity has moved, especially as the dominant Binance loses its edge and the crypto trading market is becoming more and more disaggregated.

The growth in the volume of Solana is reflected in the trends in stablecoins. Although Ethereum continues to hold the greatest share of total supply of stablecoins, there are indications that a major redistribution of capital has happened since at the beginning of 2024. The supply of the Solana stablecoins, initially insignificant, has been increasing steadily with the increase in Solana volume and on-chain trading. Tron is still a large stablecoin hub, but emerging networks are starting to take over.

SOL Price Recovers After Extended Consolidation

Spot trading is still supported by stablecoins, which are considered the main providers of liquidity. With the growing number of stablecoin capital staking on Solana, a reinforcing cycle seems to be forming larger volumes of Solana require increased liquidity, and continued trading activity ensures that liquidity is anchored on the network.

Market-wise, SOL has demonstrated a new strength after weeks of consolidation. The token has also recovered above the $130 mark, which it had lost in the late-year pullback. The recovery is due to the volume of Solana picking up and this is a good sign that the traders are gaining confidence and are engaging more.

Solana Volume Reinforces Positive Technical Signals

Technical indicators also justify the positive market view. The Relative Strength Index was hovering above 58, which indicates that it can continue to rise. 

Price action has been increased to a level that it is above the 20-day moving average and is nearing the mid-range of Bollinger Bands and the MACD has become positive. All these indicators are directed towards increasingly positive upside momentum, and Solana volume is supporting the idea of ongoing follow-through in the coming weeks.

Conclusion

Generally, the fact that Solana recently increased its spot trading volume in a relatively short time points to a wider transition to high-performance blockchains as traders look to gain efficiency and reduce costs. As stablecoin inflows increase and technical indicators improve, Solana seems to be poised well to continue to be a major node of on-chain market activity in 2025.

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Summary

• Spot volume is recorded to be 1.6 trillion in 2025 by Solana and second after Binance.
• The movement of liquidity is to more rapid and low-cost blockchains such as Solana.
• Solana supply of stablecoins has also increased significantly with increased on-chain usage.
• SOL recovered above $130 and the signs showed that it continued gaining momentum.

Glossary Of Key Terms

• Solana Volume:  Total trading value on Solana’s blockchain.
• Stablecoins:  Crypto assets pegged to fiat currencies.
• Liquidity:  Ease of buying or selling assets.
• Market Fragmentation:  Trading spread across multiple platforms.
• RSI:  Indicator measuring price momentum.
• Moving Average:  Tool showing price trends.

Frequently Asked Questions About Solana Spot Volume

1: What was Solana’s spot trading volume in 2025?

Solana on-chain spot volume was also 1.6 trillion in 2025, the second platform only after Binance.

2: How has Solana’s market share changed over time?

Only 3 years ago, Solana was contributing approximately 1 per cent of spot activity. Its share increased to 12% by January 2025 indicating good growth.

3: Why is Solana attracting more liquidity?

Spot trading is fueled by traders migrating to Solana to complete transactions more quickly, at reduced fees, and with increased support for stablecoins.

Reference

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