Solana DEX volume breaks records: Jupiter leads the market!

Solana DEX volume breaks records: Jupiter leads the market!

Solana, the blockchain that has been making a lot of noise in recent months, has recently seen some notable developments in the decentralized trading venue (DEX) space. Despite a decline of around 10% over the past week, the price of SOL remained at around $155. However, the fundamental image of Solana remains stable, supported by an active developer community and a functioning and dynamic ecosystem. Of particular note are DEX aggregators, especially Jupiter, which contribute significantly to network activity. Loud Business Insider Aggregators have transacted more than 50% of monthly DEX trading volume on Solana since December 2024, with a peak of $205 billion in January 2025.

In May 2025, trading volume increased to a total of $67 billion, representing a pleasing increase of 31.8% compared to the previous month. Jupiter in particular has emerged as a dominant player, with a market share of around 93.7% in DEX trading, with an impressive volume of $727 billion. In contrast, other aggregators such as OKX contribute only 6.2%, highlighting their importance compared to Jupiter. Jupiter integrates a variety of decentralized trading venues, including Raydium, SolFi and Orca, with the latter losing market share. Additionally, DEX volume in the Solana ecosystem continues to show above-average performance compared to 2024, despite a decline from the highs.

Significant DEX volume and market shares

The importance of DEX on Solana is also clearly reflected in the numbers: on May 7, 2025, DEX volume on the Solana blockchain reached a total of $806.8 billion. This represents an increase of over 400% compared to the previous year, when the volume was still 201 billion US dollars. Much of this increase occurred as early as January 2025, when more than half of the annual volume of $408 billion was achieved. This was timed by a crypto market rally that began in November 2024 and was closely linked to the rise in Solana's price.

Most notably, Jupiter recorded $334.6 billion in volume in 2025, accounting for 55% of the total volume in the DEX space on Solana. Minor players like OKX and Pump.fun also have positive volumes, but they don't come close to Jupiter's dominance. OKX contributed only 5.21%, with a volume of 32.2 billion US dollars, and Pump.fun, as a memecoin launch pad, contributed 2.8% with a volume of 22.3 billion US dollars.

Innovations and future developments

At this point it is also important to highlight Solana's innovative strength. Solaxy, a newly launched project, plans to address structural bottlenecks within the Solana ecosystem by offering a modular Layer 2 solution. The goal is to improve Solana's performance through off-chain transactions without changing the fee structure technologies. The Hyperlane Bridge also aims to achieve interoperability with other networks such as Ethereum, Base and Arbitrum. Solaxy has also launched its own launchpad for new projects and follows a sustainable development strategy. The native token SOLX is already available for pre-sale and is compatible with ETH, USDT, BNB and SOL.

Overall, Solana's growth and adaptability suggests that the platform could potentially have a decisive impact on the further development of the DEX market. The coming months will show how the market will continue to develop and what innovative power Solana can develop.