2025-12-21 14:15:33

Solana is quietly transforming into a liquidity hub. Data shows that over the past three months, the average daily trading volume of SOL-USD spot trading on the Solana blockchain has consistently surpassed the spot trading volume of SOL on certain leading exchanges. What does this mean? On-chain liquidity is concentrating in the Solana ecosystem, with more and more traders choosing to conduct SOL transactions directly on-chain instead of through traditional exchanges. This shift reflects the increasing appeal of decentralized trading, while also indicating that Solana's advantages as a high-performance public chain are gradually becoming apparent. For ecosystem participants, this is a market signal worth observing.

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DisillusiionOracle

· 2025-12-24 14:14

On-chain liquidity is now converging on Solana. This should have happened earlier; the CEX approach indeed needs to be phased out.

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CryptoFortuneTeller

· 2025-12-23 17:12

The concentration of on-chain liquidity, to put it simply, means that exchanges are becoming increasingly competitive. Is the on-chain volume of SOL surpassing the top exchanges? This is a true awakening of DeFi, my brother. Wait, is the data real? Let's verify it again; we don't want selective data. Is the spring of decentralized trading here? We need to check the depth of those trading pairs. To be honest, as long as the gas fees and slippage are not too outrageous, who still wants to be clipped by the exchanges? Solana is about to da moon; it's worth following continuously.

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Ser_Liquidated

· 2025-12-22 13:25

On-chain liquidity explosion, should CEX be worried? This wave of SOL is truly different.

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DataOnlooker

· 2025-12-21 14:42

This data raises a question, does on-chain trading volume surpass centralized exchanges (cex)? To be honest, it seems a bit uncertain, how was it calculated? If SOL can really become a liquidity hub, that would be outrageous, what about the centralized exchanges? Wait, while on-chain liquidity concentration is a good thing, we need to look at the depth, don't be fooled by the average daily trading volume. Continuously surpassing? How long has this "continuous" been, a week or for what duration? It's indeed great that DEX liquidity has improved, but can Solana really outperform cex at this speed? It still feels a bit exaggerated. On-chain transaction costs being low is indeed an advantage, but what about stability? That's the key, right?

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LiquidationTherapist

· 2025-12-21 14:42

Liquidity is gathering on-chain towards Solana, this rhythm is a bit intense... --- Will DEX really take down CEX? It feels a bit early. --- Solana's recent surge is interesting, but we need to see if it can stabilize. --- To put it bluntly, decentralized transaction costs are lower, who still wants to be played people for suckers? --- However, the actual volume still raises a question mark, how is the data being counted again? --- Liquidity running on-chain is a major trend, but will Solana get stuck again?

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GateUser-00be86fc

· 2025-12-21 14:41

Did the on-chain trading volume surpass the exchange? This is the true awakening of Decentralization, and the liquidity aggregation effect of the SOL ecosystem is becoming evident.

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BearEatsAll

· 2025-12-21 14:35

On-chain volume surpassing CEX? This can't be just hype; we need to take a close look at how the data is calculated... The SOL ecosystem is indeed moving, but it's still a bit early to say that liquidity is concentrated. Wait, can this really compare to the trading volume of exchanges? It feels a bit exaggerated. Solana is fast, no doubt, but what about liquidity depth? That's the key point, right? Hmm... has the decentralized exchange really taken off? I still feel like there are more people trading on CEX. We need to keep observing; don't be fooled by temporary data, there are plenty of historical lessons. This is just the beginning; let's talk when SOL truly becomes a trading hub.

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NFTArchaeologis

· 2025-12-21 14:28

Interesting, the process of on-chain liquidity aggregating towards the ecosystem feels a bit like medieval manuscripts flowing from monasteries to cities. Once the efficiency of infrastructure breaks through the critical point, the migration becomes irreversible.

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