2025-12-21 14:15:33

Solana is quietly transforming into a liquidity hub. Data shows that over the past three months, the average daily trading volume of SOL-USD spot trading on the Solana blockchain has consistently surpassed the spot trading volume of SOL on certain leading exchanges. What does this mean? On-chain liquidity is concentrating in the Solana ecosystem, with more and more traders choosing to conduct SOL transactions directly on-chain instead of through traditional exchanges. This shift reflects the increasing appeal of decentralized trading, while also indicating that Solana's advantages as a high-performance public chain are gradually becoming apparent. For ecosystem participants, this is a market signal worth observing.

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DataOnlooker

· 11h ago

This data raises a question, does on-chain trading volume surpass centralized exchanges (cex)? To be honest, it seems a bit uncertain, how was it calculated? If SOL can really become a liquidity hub, that would be outrageous, what about the centralized exchanges? Wait, while on-chain liquidity concentration is a good thing, we need to look at the depth, don't be fooled by the average daily trading volume. Continuously surpassing? How long has this "continuous" been, a week or for what duration? It's indeed great that DEX liquidity has improved, but can Solana really outperform cex at this speed? It still feels a bit exaggerated. On-chain transaction costs being low is indeed an advantage, but what about stability? That's the key, right?

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LiquidationTherapist

· 11h ago

Liquidity is gathering on-chain towards Solana, this rhythm is a bit intense... --- Will DEX really take down CEX? It feels a bit early. --- Solana's recent surge is interesting, but we need to see if it can stabilize. --- To put it bluntly, decentralized transaction costs are lower, who still wants to be played people for suckers? --- However, the actual volume still raises a question mark, how is the data being counted again? --- Liquidity running on-chain is a major trend, but will Solana get stuck again?

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GateUser-00be86fc

· 11h ago

Did the on-chain trading volume surpass the exchange? This is the true awakening of Decentralization, and the liquidity aggregation effect of the SOL ecosystem is becoming evident.

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BearEatsAll

· 11h ago

On-chain volume surpassing CEX? This can't be just hype; we need to take a close look at how the data is calculated... The SOL ecosystem is indeed moving, but it's still a bit early to say that liquidity is concentrated. Wait, can this really compare to the trading volume of exchanges? It feels a bit exaggerated. Solana is fast, no doubt, but what about liquidity depth? That's the key point, right? Hmm... has the decentralized exchange really taken off? I still feel like there are more people trading on CEX. We need to keep observing; don't be fooled by temporary data, there are plenty of historical lessons. This is just the beginning; let's talk when SOL truly becomes a trading hub.

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NFTArchaeologis

· 11h ago

Interesting, the process of on-chain liquidity aggregating towards the ecosystem feels a bit like medieval manuscripts flowing from monasteries to cities. Once the efficiency of infrastructure breaks through the critical point, the migration becomes irreversible.

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