Solana Surpasses Major Exchanges, On-Chain Volume Hits $1.6 Trillion in 2025

Solana (SOL) has emerged as a dominant force in crypto trading, registering a spot volume of $1.6 trillion in 2025, outperforming leading exchanges, which include Bybit, Coinbase, and Bitget.

Currently, SOL is trading at $133.87, with a 24-hour volume of $5.25 billion, while its market cap is recorded at $75.40 billion, covering a total percentage of 2.45% in the entire crypto market. Within the last 24 hours, SOL’s price increased by 2.76% in the crypto market.

Solana Price Hits $133.87 Amid Growth

According to a recent post by CryptoRus, Solana’s on-chain spot volume in 2025 has already touched a staggering $1.6 trillion, placing it in a position that surpasses most centralized exchanges, except Binance. Solana held a meager 1% market share in 2022 in terms of spot volumes, it currently occupies a 12% market share.

In the process, Solana’s on-chain transactions have outperformed other prominent platforms like Bybit, Coinbase Global, and Bitget, indicating the profound shift in cryptocurrency trading. The dominance enjoyed by Binance, which was responsible for 80% of the overall spot volume, has been reduced to 55%, symbolizing the redistribution of market action.

As analysts point out, this development signifies more than just a price action. The shift to on-chain trading allows for faster execution speed, transparent order routing, composability, and the absence of custody risk. As the market adapts to this new scenario, the community’s gaze has shifted to on-chain ecosystems from centralized exchanges, and SOL plays a significant role in defining the future of trading for the crypto market.

Also Read | Solana (SOL) Price Gains Momentum in Early 2026, Holding Crucial $130 Support

Whale Moves Highlight Solana’s 2026 Potential

Adding to this momentum, Cointelegraph mentioned that SOL whale buying has recently drawn attention to the asset as it has become one of 2026’s top assets.

The rise in on-chain activity that SOL is witnessing indicates that the paradigm within the crypto-trading space is slowly shifting, with SOL leading the charge in this space.

Also Read | Solana Records $873 Million in RWAs, Fuels Explosive 2026 Growth Outlook