Solana News Today: Solana DEX Volume Surges 140% to $1.4 Trillion in July 2025

Solana’s decentralized exchange (DEX) volume surpassed $1.4 trillion in July 2025, marking a significant milestone for the blockchain. This achievement is attributed to several factors, including rising user activity, steady trading inflows, and growing interest from institutional investors. These trends have sparked discussions about the potential for the SOL price to reach $200.

In July 2025, Solana’s total DEX volume reached $1.4 trillion, setting a new record. This figure encompasses cumulative trading data from top Solana-based platforms such as Raydium, Orca, and Meteora. Raydium led the 24-hour activity with over $1.2 billion in trades, followed by other high-traffic exchanges that contributed to the overall volume. Data from DeFiLlama recorded $3.85 billion in 24-hour DEX volume on Solana, with a monthly total exceeding $69 billion. These numbers underscore a steady rise in user participation across the network, including activity from both individual traders and institutional entities. The daily trading volume on Solana remains among the highest across major chains, placing it ahead of several competitors in the DeFi space.

The volume increase coincides with an uptick in decentralized applications built on the Solana blockchain. Many of these new protocols focus on trading, staking, and yield farming, aiming to attract more users and expand Solana’s presence within decentralized finance. Alongside retail growth, Solana has seen rising interest from institutions. A partnership with an enterprise blockchain firm announced in May focuses on bringing tokenized real-world assets onto the network. This collaboration is part of a broader trend where traditional financial firms are exploring public blockchain platforms. The institutional momentum has been supported by regulatory signals, with prediction market data placing the likelihood of a spot SOL ETF approval before the end of 2025 at 99%. This optimism followed the July debut of the Rex Shares SOL staking ETF, which reached a net asset value of $42 million within its first few days of trading. The product outperformed the XRP futures ETF on its launch day, indicating rising investor appetite for Solana-related financial products.

Network activity remains robust, with Solana leading in daily transactions and active addresses. The network processed over 125 million transactions per day on average and maintained over 5 million unique active addresses. According to CoinMarketCap data, the SOL price was traded at $176.63, holding its position after recent gains. The coin’s market capitalization stood at $95.35 billion, with a 24-hour trading volume of $4.9 billion. However, this was over 45% below previous daily highs as trading interest stayed firm. Speculation around a potential move toward $200 has gained traction due to stronger fundamental showcase. While longer-term targets such as $2,700 have been mentioned in some circles, market data still shows that the near-term focus is on whether the current momentum can drive the SOL price to $200. The combination of rising DEX volume, institutional involvement, and ETF interest continues to influence market sentiment. With more developments likely in the coming months, Solana’s position within the DeFi ecosystem appears to be growing stronger. As July draws to a close, the $1.4 trillion volume stands out as a milestone for Solana’s decentralized economy. Whether the SOL price crosses the $200 level soon or not, network data suggests sustained growth and a solid foundation for further expansion.