- The number of traders using Solana’s blockchain decentralized exchanges (DEXs) has fallen sharply in 2025.
- Wallets interacting with non-custodial DEXs on Solana dropped 85%, from 4.8 million to 700,000 since January.
- Daily traders on Solana DEXs are down 79% year-to-date.
- Spot DEX trading volume on Solana decreased 95%, from $38.4 billion to under $1.7 billion since mid-January.
- Total Solana application revenue declined 96%, and transaction fees plus user tips dropped 98% in the same period.
Solana, the world’s fifth most valuable blockchain, has seen a significant decline in trading activity on its decentralized exchanges (DEXs) throughout 2025. The number of wallets interacting with non-custodial DEXs on Solana has decreased 85%, falling from 4.8 million to 700,000 since January.
Year-to-date data shows that daily DEX traders on Solana have dropped by 79%. Spot trading volume on Solana DEXs has fallen sharply, from a peak of $38.4 billion on January 19 to less than $1.7 billion recently. In addition, total application revenue on the network plummeted 96%, from $40.6 million to just under $1.4 million over the same period.
Transaction fees and out-of-protocol tips paid by Solana users fell 98%, declining from $56.8 million around the time of January’s presidential inauguration to under $660,000 currently. These figures highlight a widespread decrease in network usage and financial activity.
This downturn comes despite former President Donald Trump endorsing Solana during his second term, including promotion of his memecoin, Official Trump, and First Lady Melania’s token MELANIA on the blockchain. Before the inauguration, markets showed optimism, with Bitcoin doubling to $109,300 and Solana reaching its all-time high of $295.
Since then, Solana’s market value has dropped by about $50 billion and has not regained its previous level. The peak of interest and activity on Solana’s DEXs coincided with the inauguration day, which has since marked the highest point of trading and user engagement in 2025.
For further information, see the full figures and analysis at Blockworks.
✅ Follow BITNEWSBOT on Telegram, Facebook, LinkedIn, X.com, and Google News for instant updates.
Previous Articles:
- U.S. Jobs Growth Misses Estimates; Unemployment Rises to 4.6%
- Amazon Uncovers Russian Cyber Espionage Targeting Western Infrastructure
- Indian Rupee Hits Lifetime Low at 91.01 Against US Dollar
- Stablecoin Growth Slows Despite Rising Supply and Institutional Demand
- Tether’s USDT Growth Slows, Crypto Liquidity Tightens Ahead of Holidays
