Solana's 2025 Trading Volume Surges 25.4% Year-on-Year

Solana has seen a significant increase in its average monthly trading volume in 2025, indicating sustained interest from traders and a shift in liquidity towards the network despite broader market volatility. According to the latest report, Solana's average monthly trading volume rose to $156 billion in 2025, marking a 25.4% year-on-year increase from $124.4 billion in 2024. In contrast, Ethereum's average monthly trading volume grew by 9.7% during the same period, from $603.0 billion in 2024 to $661.8 billion in 2025. This data underscores that while Ethereum still holds a larger nominal trading volume, Solana has outpaced it in terms of growth rate.

One key metric highlighting this trend is the SOL/ETH trading volume ratio, which averaged 0.236 in 2025, up from 0.206 in 2024, representing a 14.3% increase. This ratio peaked at 0.298 in January 2025, driven by a surge in meme coin activity on the Solana network. That month, the network recorded $239.4 billion in trading volume, fueled by increased trading of tokens such as TRUMP and MELANIA, which attracted retail interest and boosted decentralized exchange activity.

Following the January spike, trading volumes on Solana cooled as meme coin momentum slowed. However, the SOL/ETH volume ratio remained elevated compared to the previous year, standing at 0.219 by June 2025. This indicates that while speculative trading eased, Solana maintained a higher share of overall crypto trading volume, supported by consistent liquidity and active market participation.

Despite a challenging market backdrop, with both Solana and Ethereum experiencing double-digit price declines in the first half of 2025, Solana's trading volumes surged. SOL's price declined by over 19% from January to June, while ETH fell by 25% over the same period. This divergence in trading volume growth suggests that Solana's high-speed, low-cost environment continues to attract traders even during market downturns.

The Solana network continues to process over 100 million transactions daily and supports an average of 500,000 active wallets. Protocols such as Jupiter and Meteora are driving user engagement and liquidity on the network. As of June 2025, Meteora alone surpassed $750 million in total value locked, further solidifying Solana's position in the market.