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The on-chain spot annual trading volume of Solana has surpassed all CEXs combined.
On January 5th, according to Jupiter data, the on-chain spot trading volume on Solana has officially surpassed all off-chain trading platforms except CEX in 2025, reaching $1.6 trillion. Since 2022, the on-chain trading volume on Solana has skyrocketed from 1% of total trading volume to 12%. In 2025, Solana’s total trading volume officially exceeded CEX, CEX Global, and CEX. Meanwhile, since 2022, CEX’s market share has decreased from 80% to 55%.