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Solana on-chain spot trading volume hits a new high—officially surpassing all centralized trading platforms outside of a leading exchange.
Jupiter data reveals: The on-chain spot trading volume on Solana reached $1.6 trillion in 2025. What does this number mean? Since 2022, Solana's share of on-chain trading volume has skyrocketed from an initial 1% to now 12%. In just three years, the concentration of the on-chain trading ecosystem is rapidly restructuring.
The monopoly pattern of traditional CEXs is being broken. With its high throughput and low-cost technological advantages, Solana has attracted more and more traders to migrate on-chain. This reflects that the maturity of Web3 trading infrastructure is significantly improving.