Solana blockchain-based decentralized exchanges (DEXs) experienced a high point in activity, boasting close to $6 billion of daily spot trading volume, which is the highest in two-months.
The top category of most traded was SOL against stablecoins such as USDC and USDT, representing approximately $2.6 billion of total volume. It indicates that stablecoins are used by traders to sell or purchase SOL owing to decreased volatility and immediate settlement.
Four Solana-backed DEXs dominated the latest trading frenzy. Raydium led with $1.9 billion, followed by Orca at $1.4 billion, SolFi at $750 million, and Meteora at $620 million. These exchanges were distinguished by their high liquidity levels and active user bases.
Solana DEXs support a vast variety of trading categories besides stablecoins and SOL. These categories include Bitcoin-pegged tokens, tokenized real-world assets like gold or stocks, indexed crypto portfolios, governance and L1 project tokens, AI tokens, and memecoins. Stablecoin swaps and liquid staking tokens (LSTs) are also supported.
This diversity emphasizes the manner in which Solana suits both common users as well as sophisticated traders, hence making it one of the most diverse platforms within the crypto world.
In fact, recent data indicates that Solana’s $1.21 trillion DEX volume in 2025 has surpassed Ethereum and BNB combined, with 24Hr trading volume also soaring to $4.013 billion.
Also Read: Solana DEX Raydium’s RAY Token Buybacks Cross $190 Million
