Solana News Today: Solana Surpasses Ethereum BNB in DEX Volume Reaching 1.21 Trillion

In 2025, Solana has surpassed Ethereum and BNB in decentralized exchange (DEX) volume, achieving a significant milestone in the decentralized finance (DeFi) landscape. Solana's DEX volume reached 1.21 trillion, outpacing the combined DEX volume of Ethereum and BNB. This achievement is underpinned by Solana's high-speed blockchain, which can support an estimated 65,000 transactions per second, as indicated in its whitepaper. The 24-hour DEX volume of Solana reached 4.013 billion US dollars, highlighting its strong position in the market.

Solana's rise challenges the long-standing dominance of Ethereum in the DeFi market. The blockchain's low transaction costs, averaging 0.00025 per transaction, and scalability have made it an attractive alternative. A 2023 IEEE paper further validates the scalability of the Solana network. However, concerns about network security persist, especially following outages in 2021-2022.

Solana's growth aligns with a survey by Mordor Intelligence, which predicts the blockchain market will expand to $299.54 billion by 2030. The increasing adoption by enterprises is a significant driver of Solana's growth. However, Solana's centralized validator architecture raises questions about its decentralization. According to a 2024 report by Messari, 70 percent of Solana validators are held by only 100 entities, sparking community concerns about decentralization.

Despite security issues, there is growing confidence in Solana's technology. Its low fees and scalability attract investors, making it an appealing option for decentralized finance (DeFi) companies that need to handle a large number of transactions efficiently. This positions Solana as one of the top choices for blockchain developers.

The success of Solana poses a threat to Ethereum's leadership in the DeFi space. Ethereum has traditionally held a dominant role, but Solana's innovations are advancing the field. The increased attention from institutional investors further strengthens Solana's position, allowing it to engage more users and continue its momentum.

Despite its popularity, Solana faces critical issues, particularly regarding centralization. However, its affordable costs and high throughput capabilities make it a formidable player. As its adoption increases, Solana's technology will continue to develop. Addressing centralization concerns could position Solana to significantly impact the future of DeFi.