Solana overtakes major CEXs with $1.6T spot volume – Details

ambcrypto2026-01-05 tarihinde yayınlandı2026-01-05 tarihinde güncellendi

Özet

Solana recorded the second-highest spot trading volume in 2025, reaching $1.6 trillion, surpassing all major centralized exchanges except Binance. This represents a significant shift, as Solana's share of total spot activity grew from barely 1% three years ago to 12% by January 4th, 2025. The change reflects a gradual migration of liquidity toward faster and cheaper blockchain networks. This growth is supported by an increase in stablecoin supply on Solana, which has risen alongside its trading volumes. While Ethereum still holds the largest stablecoin share and Tron remains a major hub, Solana is quickly closing the gap. Stablecoins serve as essential fuel for spot trading, creating a reinforcing cycle where liquidity attracts volume and volume sustains liquidity. Additionally, SOL's price has shown strong momentum, breaking above $130 after a period of consolidation. Technical indicators, including an RSI around 58, a move above the 20-day moving average, and a positive MACD, suggest continued upward potential. Overall, Solana’s performance highlights the growing role of high-performance blockchains as serious competitors to centralized exchanges, contributing to a more fragmented and decentralized market structure.

Solana [SOL] recorded the second-highest Spot Volume in 2025, behind only Binance [BNB]! As it surges ahead, liquidity and stablecoin supply are moving toward high-functioning blockchains. Here’s the rundown.

Is crypto trading going through a change?

In 2025, Solana’s on-chain Spot Volumes reached $1.6 trillion, overtaking every centralized exchange except Binance. Just three years ago, Solana accounted for barely 1% of total Spot activity. On the 4th of January, that figure was at 12%, according to Jupiter data.

Source: X

The change has been gradual, with liquidity moving toward faster, cheaper networks.

One does wonder… if Solana [SOL] surpasses platforms like Coinbase, Bybit, and Bitget, where does real market activity live? Even Binance’s dominance has narrowed, so there’s a more fragmented market structure.

Liquidity follows speed

While Ethereum [ETH] still holds the largest share of Stablecoin Supply, there’s been a clear redistribution since early 2024. Solana’s Stablecoin Supply, once negligible, has climbed alongside its rise in on-chain trading volumes.

Tron [TRX] is also a major hub for stablecoins, but newer networks are beginning to close the gap.

Source: Artemis

Stablecoins are the fuel for Spot trading. As more of that capital settles on chains like Solana, there’s a loop of sorts (liquidity attracts volume, and volume keeps liquidity steady).

Price is moving too

After weeks of consolidation, SOL has pushed back above the $130 level. The move has helped regain the ground lost during the end-of-year pullback. With steady movement, many long-term plays are probably afoot.

Source: TradingView

The RSI was around 58, with what looks like room for continuation.

Price had also pushed above the 20-day MA and is pressing toward the mid-range of the Bollinger Bands. MACD has flipped positive, too. Put together, all this is a show of strong upside momentum, with a setup that favors follow-through.


Final Thoughts

  • Solana hits $1.6 trillion on-chain spot volume in 2025!
  • High-performance blockchains like Solana are emerging as serious contenders to CEXs.
Next: TRUMP memecoin jumps 15% – What traders should watch next
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İlgili Sorular

QWhat was Solana's spot trading volume in 2025 and how does it rank compared to centralized exchanges?

ASolana recorded $1.6 trillion in on-chain spot volume in 2025, ranking second highest overall and surpassing all centralized exchanges except Binance.

QWhat percentage of total spot activity did Solana account for on January 4th according to Jupiter data?

ASolana accounted for 12% of total spot activity on January 4th, according to Jupiter data.

QWhat two key factors are driving liquidity movement according to the article?

ALiquidity is moving toward faster and cheaper blockchain networks, with high-performance chains like Solana attracting more trading activity and stablecoin supply.

QWhat technical indicators suggest strong upside momentum for SOL's price?

AThe RSI at around 58, price above the 20-day moving average, movement toward the mid-range of Bollinger Bands, and a positive MACD flip all indicate strong upside momentum for SOL.

QHow has Solana's stablecoin supply changed since early 2024?

ASolana's stablecoin supply, which was once negligible, has climbed significantly since early 2024 alongside its rise in on-chain trading volumes.

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