In a significant development for the decentralized exchange (DEX) landscape, Solana has reclaimed its position as the leading blockchain by DEX volume in October 2025. This resurgence comes despite facing some challenges that have raised eyebrows among its user base, as highlighted by the official information.
Solana's DEX Volume in October
Solana recorded a DEX volume of $149 million in October, marking the highest figure since February of the same year. This achievement highlights the network's ability to attract trading activity, even as it grapples with a decline in active addresses, which fell to 377 million—the lowest in a year.
Concerns Over Network Fees
Additionally, the network fees have also seen a downturn, dropping to $277 million, which has sparked concerns regarding the overall health of the ecosystem. Nevertheless, the total number of transactions on the platform increased by 3% month-over-month, suggesting a resilient performance in the DEX sector.
Top DEX by Volume
Notably, Humidify emerged as the top DEX by volume, contributing significantly to Solana's overall trading activity.
In light of Solana's recent resurgence in DEX volume, Jamie Dimon's historical warnings about market volatility remain relevant. His insights continue to shape investor sentiment, as detailed in the latest analysis.
