Solana's DEX Volume Skyrockets to $806.8 Billion in 2025, Jupiter Still Reigns Supreme

Hang onto your hats, crypto fans! Solana's DEX scene has just smashed through the roof, clocking in a mind-blowing $806.8 billion in volume for 2025 so far. And guess what? Jupiter is still calling the shots.

Solana (SOL) isn't messing around. As of Wednesday, May 7, the total decentralized exchange volume for the year hit that staggering $806.8 billion mark, according to the gurus at Top Ledger. That's a jaw-dropping 400% surge from last year's $201 billion. Talk about a wild ride!

January alone was like a supernova, accounting for over half of the year's DEX volume at a whopping $408 billion. Remember that epic crypto rally that kicked off in November and peaked in January? Yeah, that was the fuel that set this beast on fire.

And let's not forget, Solana's price was part of the party, pumping up those dollar-denominated DEX numbers. But by March, things chilled back to pre-rally vibes. In SOL terms, we saw a crazy spike around January 20th, but then it was back to business as usual.

Jupiter continues to dominate DEX volume on Solana

In 2025, Jupiter didn't just play the game; it owned it, raking in $334.6 billion in volume. That's a whopping 55% of all DEX action on Solana, routed right through its aggregator. OKX? A distant second with just 5.21% or $32.2 billion. Oh, and get this: memecoin launchpad Pump.fun? It brought in $22.3 billion, snagging 2.8% of the market. Not too shabby!

At the execution layer, Raydium was the king of the hill, with $352.8 billion in volume. Meteora came in second, pulling in $113.7 billion or 14.17%. Orca wasn't far behind with $103.9 billion or 12.95%, and SolFi rounded out the top four with $97.9 billion or 12.20%.

This DEX volume explosion in 2025? It's hand-in-hand with Solana's ecosystem blowing up. In Q1 of 2025, Solana was right behind Ethereum, snagging second place. Ethereum? It took 30% of the DEX volume across all chains, while Solana wasn't far off with 23%. The future's looking bright for Solana, folks!