Solana Surpasses Ethereum and BNB in DEX Volume

In 2025, Solana has overtaken Ethereum and BNB on the number of decentralized exchange (DEX) volume. Solana has changed the game as it beat both Ethereum ($400 billion) and BNB ($761 billion) combined in DEX volume of 1.21 trillion. According to DefiLlama data, the 24-hour DEX volume of Solana reached 4.013 billion US dollars, which indicates its good position. Such performance is possible due to the high-speed blockchain that Solana facilitates, which can support an estimated 65,000 transactions per second as indicated in its whitepaper.

This feat questions the century-old dominance of Ethereum in the DeFi market. The low transaction costs (average 0.00025 per transaction) and scalability have caused Solana to gain attraction as an alternative. The performance of the blockchain has been proven by a 2023 IEEE paper, which provides additional strength to the scalability of the Solana network. Nevertheless, despite such benefits, the issue of the security of the network remains relevant, particularly following the outages in 2021-2022.

Solana’s Growth Amid Enterprise Adoption

The run in the DEX volume in Solana matches a survey by Mordor intelligence at 2025. According to the outlook made in this report, the blockchain market is expected to expand to reach $299.54 billion by the year 2030. The increase of enterprise use is a large source of Solana growth. Nevertheless, Solana is composed of a centralized validator architecture which makes this network questionable in terms of its decentralization. As the 2024 report by Messari showed, 70 percent of Solana validators are held by only 100 entities, which raises questions in the community regarding the decentralization of the network.

Rising Trust in Solana’s Technology

There is increasing confidence in Solana regardless of the security issues. It attracts investors based on its low fees and scalability. The high speed characteristic of Solana is what is alluring good advantage to other decentralized finance (DeFi) companies. Such platforms must be efficient to handle a large number of transactions. This qualifies Solana as one of the best blockchain developer options.

Market Influence of Solana Certainly Gained

The success of Solana is a threat to the hegemony of Ethereum in the field of decentralized finance. Ethereum has enjoyed leadership role in DeFi. Nonetheless, the innovations which are developed by Solana advance the space. The increased attention of institutional investors also strengthens the position of Solana. In this momentum, Solana can further continue to engage more users.

In spite of its popularity, Solana has critical problems. Issues of centralization are of great concern. Nevertheless, its affordable costs and throughput potentials of bulk proportions exist. Solana technology will continue to develop as its adoption is increased. In case it deals with centralization, Solana might change the future of DeFi.