{"id":64929,"date":"2025-12-23T16:16:47","date_gmt":"2025-12-23T16:16:47","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=64929"},"modified":"2025-12-23T16:16:47","modified_gmt":"2025-12-23T16:16:47","slug":"solana-dexes-just-out-traded-binance-what-it-means-for-you","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=64929","title":{"rendered":"Solana DEXes Just Out-Traded Binance: What It Means for You"},"content":{"rendered":"<div>\n<p><span style=\"font-weight: 400\">Solana-based decentralized exchanges reportedly handled more trading volume than giants like Binance and Bybit for stretches of late 2025, shifting more crypto price discovery directly onto the blockchain. <\/span><\/p>\n<p><span style=\"font-weight: 400\">While SOL has traded in a wide range this year, on-chain activity and volumes on Solana DEXes, such as Jupiter, Orca, and Raydium, continue to hit new records. This happens as traders look for faster, cheaper venues, and institutions route more activity into crypto ETFs and tokenized assets.<\/span><\/p>\n<div class=\"chart crypto-chart-instance\" id=\"crypto_chart_694ac01c1ccf3\" data-coin-id=\"sol-solana\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n\t\t\t\t<img id=\"crypto_chart_694ac01c1ccf3-chart__info-icon-img\"><\/p>\n<div class=\"chart__info-name\" id=\"crypto_chart_694ac01c1ccf3-chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\" id=\"crypto_chart_694ac01c1ccf3-chart__info-symbol\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\" id=\"crypto_chart_694ac01c1ccf3-chart__info-price\"><\/div>\n<div class=\"chart__info-change\" id=\"crypto_chart_694ac01c1ccf3-chart__info-change\"><\/div>\n<\/p><\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\" id=\"crypto_chart_694ac01c1ccf3-chart__info-marketcap\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\" id=\"crypto_chart_694ac01c1ccf3-btn-24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\" id=\"crypto_chart_694ac01c1ccf3-btn-7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\" id=\"crypto_chart_694ac01c1ccf3-btn-30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\" id=\"crypto_chart_694ac01c1ccf3-btn-1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\" id=\"crypto_chart_694ac01c1ccf3-btn-all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"chart__container\">\n\t\t<canvas class=\"chart__canvas\" id=\"crypto_chart_694ac01c1ccf3-cryptoChart\"><\/canvas>\n\t<\/div>\n<\/div>\n<h2><b>What Does Solana\u2019s DEX Surge Actually Mean For Everyday Traders?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">A <\/span>DEX (decentralized exchange)<span style=\"font-weight: 400\"> is like a self-service crypto swap machine that lives on a blockchain. Instead of sending coins to a company like Binance, you trade directly from your wallet using smart contracts. On Solana, DEXes such as Jupiter, Orca, and Raydium now process enough trades to rival \u2013 and at times beat \u2013 the spot volume of top centralized exchanges (CEXes).<\/span><\/p>\n<p><span style=\"font-weight: 400\">Solana DEX volume has <a class=\"general-link\" href=\"https:\/\/financefeeds.com\/on-chain-shift-solana-dex-volume-surpasses-top-centralized-exchanges\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">consistently matched<\/a> or surpassed that of major CEX spot volumes during the final quarter of 2025. Other data backs this trend: Raydium cleared over $100 billion in monthly volume for three months in a row, and total Solana DEX volume <a class=\"general-link\" href=\"https:\/\/cointribune.com\/en\/solana-extends-dex-dominance-in-july-with-56-surge-in-trading-volumes\/\" target=\"_blank\" rel=\"nofollow noopener\">climbed above $120 billion<\/a> in some months, keeping a multi\u2011month lead over Ethereum DEXes.<\/span><\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone wp-image-321782 size-full\" src=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-948.png\" alt=\"Solana DEXes are seeing record growth as traders move on-chain. Byreal surpassed $1B in its first 10 weeks, highlighting faster, cheaper...\" width=\"1765\" height=\"741\" srcset=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-948.png 1765w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-948-300x126.png 300w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-948-1024x430.png 1024w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-948-768x322.png 768w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-948-1536x645.png 1536w, https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/12\/Screenshot-948-50x21.png 50w\" sizes=\"(max-width: 1765px) 100vw, 1765px\"><\/p>\n<p><span style=\"font-weight: 400\">Why should you care? Because where the volume goes, <\/span>better prices and liquidity<span style=\"font-weight: 400\"> usually follow. If most SOL and stablecoin trading happens on-chain, then slippage and spreads often improve there first. That affects how much you actually receive when you swap tokens, not just the headline price on a chart.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-solana-meme-coins\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Top Solana Meme Coins to Buy in 2025\u00a0<\/a><\/strong><\/p>\n<h2><b>How Is Solana Pulling This Off Compared With Ethereum and Exchanges?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">Solana\u2019s pitch is simple: <\/span>speed and low fees<span style=\"font-weight: 400\">. Think of Ethereum as a busy downtown road at rush hour and Solana as a multi-lane highway with cheaper tolls. After the Alpenglow upgrade, <a class=\"general-link\" href=\"https:\/\/www.coinreporter.io\/2025\/09\/solana-dex-volumes-hit-record-high-outpacing-ethereum\/\" target=\"_blank\" rel=\"nofollow noopener\">Solana\u00a0<\/a><span style=\"margin: 0px;padding: 0px\"><a href=\"https:\/\/www.coinreporter.io\/2025\/09\/solana-dex-volumes-hit-record-high-outpacing-ethereum\/\" target=\"_blank\" rel=\"noopener nofollow\">achieved transaction finality under 100 milliseconds<\/a>, which attracted high-frequency trading firms and algorithmic traders that require<\/span>\u00a0instant settlement. <\/span><span style=\"font-weight: 400\">When those players move, they bring a significant amount of volume.<\/span><\/p>\n<p><span style=\"font-weight: 400\">After monitoring the Alpenglow testnet this month, sub-100ms finality appears achievable in practice. By replacing TowerBFT with the Votor consensus protocol, Solana can finalize blocks in a single voting round, materially reducing settlement latency. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Stablecoin inflows matter too. In one recent month, more than $5.5 billion in USDC minted directly on Solana created a kind of \u201cpermanent bid\u201d for on-chain trading. That lets traders route orders through Solana DEXes and save an estimated 0.10\u20131% per trade versus some centralized venues, thanks to lower fees and tighter spreads. Daily Solana DEX volume even <a class=\"general-link\" href=\"https:\/\/cointelegraph.com\/news\/solana-dex-volume-beats-ethereum-base-combined\" target=\"_blank\" rel=\"nofollow noopener\">exceeded $3.8 billion<\/a> at times, beating Ethereum and Base combined.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Institutions add another layer. Spot Solana ETFs in the US and Europe reportedly manage over $2 billion and rebalance using Solana\u2019s own rails, not hidden \u201cdark pools\u201d. That turns Solana from a \u201cfast chain\u201d into a <\/span>full trading hub<span style=\"font-weight: 400\"> for both retail and professional money. If you follow institutional adoption stories<\/span><span style=\"margin: 0px;padding: 0px\">, such as\u00a0<a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/is-jpmorgan-chases-shift-to-solana-the-start-of-a-new-era-in-on-chain-financial-instruments\/\" target=\"_blank\" rel=\"noopener\">on-chain<\/a><\/span><a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/is-jpmorgan-chases-shift-to-solana-the-start-of-a-new-era-in-on-chain-financial-instruments\/\"><span style=\"font-weight: 400\">\u00a0financial instruments on Solana<\/span><\/a><span style=\"font-weight: 400\"> or Visa\u2019s USDC settlement on Solana, this trend fits right in.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Centralized exchanges are not ignoring this. Bybit incubated a native Solana DEX called Byreal to recapture the on-chain volume, while Binance ramped up support for Solana DeFi. Even big CEX brands now treat DEXs on Solana as the place \u201cwhere the trading happens\u201d in this cycle.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in 2025\u00a0<\/a><\/strong><\/p>\n<h2><b>What Are the Risks for New Solana and DeFi Users?<\/b><\/h2>\n<p><span style=\"font-weight: 400\">This shift sounds bullish, but you still face real risks. Solana\u2019s DEX boom rode a huge memecoin wave in early 2025, and weekly volume in that segment dropped by around 95% from its peak. Total Value Locked (the total assets parked in Solana DeFi apps) slid over 30% in December to around $8.7 billion as traders took profits and rotated elsewhere. High usage does not guarantee token prices will keep rising.<\/span><\/p>\n<p><span style=\"font-weight: 400\">On-chain trading also removes the safety net of a customer support desk. When you use a DEX, you approve transactions from your own wallet. If you click the wrong token, fall for a fake link, or invest in a hype coin that later loses value, there is no \u201cundo\u201d button and no chargeback. Treat DeFi like self-driving finance: powerful and convenient, but you take the wheel.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The good news is that Solana\u2019s uptime has improved to over 99.9%, with approximately 98 million monthly active users, which helps build trust. But smart contract bugs, scam tokens, and rug pulls still exist, especially on trending chains. If you explore Solana DEXes after reading this, start small, double\u2011check contract addresses, and never trade with money you need for rent or bills.<\/span><\/p>\n<p><span style=\"font-weight: 400\">If this shift holds into 2026, more of crypto\u2019s \u201creal\u201d prices and liquidity may live on Solana and other DEX-first networks, not on centralized order books. For everyday users, that opens access to faster and cheaper trading\u2014but only if you pair curiosity with strict self-protection rules.<\/span><\/p>\n<p><span style=\"font-weight: 400\">To see how centralized venues respond, you can watch moves like <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/presales\/coinbase-announces-equity-perps-solana-trading-kalshi-prediction-markets-and-much-more\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">Coinbase\u2019s expansion of Solana trading<\/span><\/a><span style=\"font-weight: 400\"> or <\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/news\/altcoins\/cme-adds-xrp-and-solana-futures-that-trade-like-spot-why-it-matters\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400\">CME\u2019s Solana futures<\/span><\/a><span style=\"font-weight: 400\">. If on-chain volume keeps growing, your \u201cdefault\u201d trading venue in a few years might be a Solana DEX tab in your wallet, not a centralized exchange website.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">20+ Next Crypto to Explode in 2025\u00a0<\/a><\/strong><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/solana-dexes-just-out-traded-binance-what-it-means-for-you\/\">Solana DEXes Just Out-Traded Binance: What It Means for You<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Solana-based decentralized exchanges reportedly handled more trading volume than giants like Binance and Bybit for stretches of late 2025, shifting more crypto price discovery directly onto the blockchain. While SOL has traded in a wide range this year, on-chain activity and volumes on Solana DEXes, such as Jupiter, Orca, and Raydium, continue to hit new [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-64929","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/64929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=64929"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/64929\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=64929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=64929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=64929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}