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Solana's on-chain spot trading volume in 2025 has surpassed $1.6 trillion, making it the second-largest trading platform after Binance. What does this number reflect? Just look at Jupiter Exchange's on-chain trading volume data to understand—Solana's market share has skyrocketed from less than 1% in 2022 to 12% today, with astonishing growth.
Based on annual trading volume rankings, activity on the Solana chain has already surpassed leading centralized exchanges like Bybit, Coinbase, and Bitget. This is not just a numbers game but a direct reflection of the vitality of the on-chain ecosystem. From trading depth to trading frequency, the Solana chain is speaking with actual transaction volume—high-frequency traders and institutional investors are increasingly enthusiastic.