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![Solana [SOL] recorded the second-highest Spot Volume in 2025, behind only Binance [BNB]! As it surges ahead, liquidity and stablecoin supply are moving toward high-functioning blockchains. Here’s the rundown.](/_next/image?url=https%3A%2F%2Fcms-beta.indexcdn.com%2Fmedium_solana_overtakes_major_cexs_with_16t_spot_volume_details_20260104_600e678b43.webp&w=2048&q=85)
Solana [SOL] recorded the second-highest Spot Volume in 2025, behind only Binance [BNB]! As it surges ahead, liquidity and stablecoin supply are moving toward high-functioning blockchains. Here’s the rundown. Is crypto trading going through a change? In 2025, Solana’s on-chain Spot Volumes reached $1.6 trillion, overtaking every centralized exchange except Binance. Just three years ago, Solana accounted for barely 1% of total Spot activity. On the 4th of January, that figure was at 12%, according to Jupiter data. Liquidity follows speed While Ethereum [ETH] still holds the largest share of Stablecoin Supply, there’s been a clear redistribution since early 2024. Solana’s Stablecoin Supply, once negligible, has climbed alongside its rise in on-chain trading volumes. Tron [TRX] is also a major hub for stablecoins, but newer networks are beginning to close the gap. Stablecoins are the fuel for Spot trading. As more of that capital settles on chains like Solana, there’s a loop of sorts (liquidity attracts volume, and volume keeps liquidity steady). Price is moving too After weeks of consolidation, SOL has pushed back above the $130 level. The move has helped regain the ground lost during the end-of-year pullback. With steady movement, many long-term plays are probably afoot. The RSI was around 58, with what looks like room for continuation. Price had also pushed above the 20-day MA and is pressing toward the mid-range of the Bollinger Bands. MACD has flipped positive, too. Put together, all this is a show of strong upside momentum, with a setup that favors follow-through. Final Thoughts Solana hits $1.6 trillion on-chain spot volume in 2025! High-performance blockchains like Solana are emerging as serious contenders to CEXs.
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