In 2025, Solana on-chain spot trading volume reached $1.6 trillion, surpassing most CEXs. According to data from Jupiter and Artemis Research, Solana's on-chain trading volume in 2025 hit $1.6 trillion, accounting for 11.92% of the global spot market, surpassing Bybit, Coinbase, and Bitget, second only to Binance ($7.27 trillion, 55.11%). Since 2022, Solana's on-chain market share has jumped from 1% to 12%, showing that crypto trading activity is rapidly shifting on-chain. Meanwhile, Binance's market share has dropped from 80% in 2022 to 55%.