In July 2025, the total DEX volume of Solana reached a record-breaking $1.4 trillion, attributed to rising institutional investor interest and user activity.
Record DEX Volume of Solana
The total DEX volume on the Solana platform for the month reached $1.4 trillion, marking a new record. This figure includes trading data from leading platforms like Raydium, Orca, and Meteora. Raydium led the 24-hour activity with over $1.2 billion in trades. Data from DeFiLlama indicates a 24-hour DEX volume on Solana of $3.85 billion, with a monthly total exceeding $69 billion. The data points to steady growth in user participation, including activity from both individual traders and institutional entities.
Institutional Activity Growth
Alongside retail trader growth, Solana has seen increasing interest from institutional investors. In May, a partnership with R3 was announced, focusing on bringing tokenized real-world assets onto the network. Prediction market data from Polymarket places the likelihood of a spot SOL ETF approval before the end of 2025 at 99%. This optimism followed the July debut of the Rex Shares SOL staking ETF, which reached a net asset value of $42 million within its first few days of trading.
SOL Price and Outlook
At the time of publication, the SOL price was trading at $176.63, with a market capitalization of $95.35 billion and a 24-hour trading volume of $4.9 billion. Although current levels are over 45% below previous daily highs, rising DEX volume and institutional involvement have spurred speculation regarding a potential move towards $200. Predictions indicate a high likelihood of reaching this level.
The $1.4 trillion DEX volume stands as a significant milestone for Solana's decentralized economy. Current data suggests sustained growth, creating a solid foundation for further expansion. While the future of SOL remains uncertain, increasing activity and investor interest hint at exciting changes ahead.
