According to data from Artemis, year‑to‑date (YTD) spot trading volume across decentralized exchanges (DEXs) on Solana has exceeded $1.7 trillion. Trading activity continues to accelerate, with Solana DEXs surpassing centralized exchange Bybit in total spot volume, ranking second globally, behind only Binance.According to data from Artemis, year‑to‑date (YTD) spot trading volume across decentralized exchanges (DEXs) on Solana has exceeded $1.7 trillion. Trading activity continues to accelerate, with Solana DEXs surpassing centralized exchange Bybit in total spot volume, ranking second globally, behind only Binance.
Solana DEX Spot Volume Surpasses $1.7T YTD, Overtakes Bybit to Rank Second Globally Behind Binance
For feedback or concerns regarding this content, please contact us at crypto.news@mexc.com
News Brief
According to data from Artemis, year‑to‑date (YTD) spot trading volume across decentralized exchanges (DEXs) on Solana has exceeded $1.7 trillion. Trading activity continues to accelerate, with Solana DEXs surpassing centralized exchange Bybit in total spot volume, ranking second globally, behind only Binance.
According to data from Artemis, year‑to‑date (YTD) spot trading volume across decentralized exchanges (DEXs) on Solana has exceeded $1.7 trillion. Trading activity continues to accelerate, with Solana DEXs surpassing centralized exchange Bybit in total spot volume, ranking second globally, behind only Binance.
Key Highlights
- Volume milestone: Solana DEX spot trading volume has surpassed $1.7 trillion YTD
- Ranking shift: Total spot volume has overtaken Bybit, placing Solana DEXs at No. 2 globally
- Top comparison: Currently second only to Binance, ahead of other major centralized and decentralized platforms
- Data source: Artemis
Key Drivers Behind the Surge
Market participants widely attribute the rapid growth in Solana DEX volume to several factors:
- High‑performance Solana network: High throughput and low transaction fees significantly reduce costs for high‑frequency trading and market making
- Expanding DEX ecosystem: Core protocols such as Jupiter, Raydium, and Orca continue to see strong trading activity
- Active meme and new‑asset trading: Frequent new token launches and short‑term trading have driven spot volume higher
- Shift in user behavior: A portion of spot trading demand is migrating from CEXs to on‑chain markets
Market Implications
- Rising prominence of DEXs: Solana DEXs now operate at a scale comparable to top centralized exchanges
- Blurring CEX/DEX boundaries: Improved on‑chain aggregation and execution experience are making DEXs a mainstream trading venue
- Strengthening Solana’s ecosystem: Growing trading volumes further reinforce Solana’s position as a leading high‑performance blockchain
What to Watch Next
Market focus will likely center on:
- Whether Solana DEX volumes can sustain growth from a high base
- How quickly the gap with Binance may narrow
- On‑chain liquidity depth, MEV dynamics, and network stability
- Potential responses from CEXs, including on‑chain or hybrid trading offerings
Conclusion
Solana DEX spot volume surpassing $1.7 trillion YTD and overtaking Bybit marks a major milestone for on‑chain spot markets. As performance, cost efficiency, and user experience continue to improve, decentralized exchanges are becoming an increasingly central force in the global spot trading landscape.
Disclaimer: The articles published on this page are written by independent contributors and do not necessarily reflect the official views of MEXC. All content is intended for informational and educational purposes only and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC. Cryptocurrency markets are highly volatile — please conduct your own research and consult a licensed financial advisor before making any investment decisions.
You May Also Like
Top White House official warns aides against selling Trump 'rose-colored view' of Iran war
After returning to the White House on January 20, 2025, President Donald Trump made sure his second administration was much different from his first. Trump clashed
Share
Alternet2026/04/03 01:59
Vacation plans implode across America as Trump massacres the economy
More and more Americans are finding that not even a nice vacation can save them from President Donald Trump's chaos.According to a Thursday report from Bloomberg
Share
Alternet2026/04/03 02:22
$5 billion floods into XRP in a day; Here’s why
The post $5 billion floods into XRP in a day; Here’s why appeared on BitcoinEthereumNews.com. XRP extended its rally on September 18, adding more than $5 billion in market value in under 24 hours. The token climbed from $3 to $3.10, pushing its market cap from $180.47 billion to $185.79 billion at the time of publication. Trading activity also surged, with 24-hour volume up 57% to $7.21 billion, as per data retrieved by Finbold from CoinMarketCap. The move coincides with confirmation that the REX-Osprey XRP ETF ($XRPR) will debut today after earlier delays. Unlike traditional spot ETFs, $XRPR will operate under a Registered Investment Company (RIC) structure, holding XRP alongside cash and Treasuries. Analysts say the product offers three key signals: it provides regulated exposure for U.S. investors without requiring direct XRP custody, it highlights growing institutional acceptance despite SEC hesitation on other ETF applications, and it is already sparking ETF-driven trading activity in spot markets. Sustaining daily volumes of over $200 million will be a key test in the weeks ahead. XRP technical analysis From a technical perspective, XRP has broken above its 7-day SMA ($3.06) and the 23.6% Fibonacci retracement ($3.07). The MACD histogram flipped positive (+0.0223), while the RSI (57.09) suggests room to extend without tipping into overbought conditions. Immediate resistance sits at $3.18, with a clean break opening the door to the $3.48 target at the 127.2% Fibonacci extension. XRP’s latest move combines ETF-driven institutional interest, technical resilience, and altcoin market tailwinds. While the ETF structure may not drive direct XRP demand as aggressively as a spot product, its novelty could attract new pools of capital and further legitimize the asset in U.S. markets. Source: https://finbold.com/5-billion-floods-into-xrp-in-a-day-heres-why/
Share
BitcoinEthereumNews2025/09/18 19:32
