Solana’s on-chain spot trading volume is projected to reach $1.6 trillion in 2025, representing about 11.92% of the global spot market. That level would place Solana behind only Binance, which is estimated to handle $7.27 trillion, accounting for roughly 55.11% of activity. The data also point to a broader shift as crypto trading activity migrates from centralized exchanges to on-chain protocols.
Since 2022, Solana’s on-chain share has risen from 1% to 12%, while Binance’s market share has declined from 80% to 55%. The projection also notes Solana surpassing Bybit, Coinbase, and Bitget in on-chain volume, underscoring a rapid migration toward on-chain venues. This shift highlights growing demand for on-chain infrastructure and the continuing evolution of the crypto trading landscape.
Leave a Reply