BREAKING: Solana onchain spot volume officially overtakes all offchain exchanges except Binance in 2025, at $1.6 trillion. Since 2022, Solana onchain volumes have surged from 1% of total volume to a massive 12%, per @JupiterExchange. In 2025, Solana officially surpassed Bybit, Coinbase Global, and Bitget in total volume. Meanwhile, Binance's share has declined from 80% to 55% since 2022. Crypto activity is rapidly moving onchain.(The Kobeissi Letter)