Solana’s DEX Ecosystem Hits Record $200 Billion Trading Volume
Solana’s decentralized exchange (DEX) ecosystem has reached a significant milestone, surpassing $200 billion in trading volume. This achievement marks the highest monthly volume ever recorded on a single blockchain.
Breaking Records
Data from DeFiLlama shows that Solana’s DEXs have collectively generated a total trading volume of $202.7 billion. This figure is more than triple the trading volume seen on the Ethereum mainnet, which recorded $63 billion during the same period.
Impressive Growth
This milestone represents a significant 100% increase from Solana’s previous record of $129 billion in November 2024. It solidifies the blockchain network’s nearly 50% dominance in the sector.
Cody Poh from Pantera Capital highlighted that memecoins contribute to half of the DEX trading volume on Solana. This trend has been further propelled by the introduction of US President Donald Trump’s memecoin on the blockchain network just before his inauguration.
Raydium’s Success
Raydium, the leading DEX on the Solana network, has greatly benefited from this growth. According to DefiLlama data, Raydium accounts for over 45% of the ecosystem’s trading volume, facilitating around $90 billion in trading activities this month.
The dominance of Solana’s DEX ecosystem continues to rise, nearing the 50% mark with a record-breaking $200 billion trading volume. This milestone showcases the network’s strength and growing influence in the decentralized exchange space.
