Solana’s decentralized exchange ecosystem just quietly did something that would have sounded absurd two years ago. It out-traded some of the biggest centralized exchanges on the planet.
During the week of June 12-18, Solana DEXs processed $7.19 billion in spot trading volume. That figure placed the network ahead of Coinbase, which handled roughly $6.39 billion, and Kraken, which came in around $4.37 billion. The only centralized venues that stayed ahead were Binance at $34.39 billion and Bybit at $9.47 billion.
The numbers behind the surge
Solana’s cumulative DEX volume for 2025 hit $1.6 trillion, capturing roughly 11.92% of the global market. That makes it the second-largest DEX market worldwide, trailing only Binance’s broader ecosystem.
On one Thursday in mid-June, Solana’s DEX volume reportedly surpassed that of the New York Stock Exchange.
