Market Trends: Insights Beyond Price Struggles in Today’s Economy
Solana Sees Remarkable Growth in Trading Volume Amid Market Challenges
Surge in Solana’s Trading Activity
In 2025, Solana has experienced a significant uptick in its average monthly trading volume, indicating robust interest from traders and a shift in liquidity towards the platform, even amidst overall market fluctuations.
Recent findings from CoinGecko reveal that Solana’s average monthly trading volume soared to $156 billion this year, a notable increase from $124.4 billion in 2024, marking a year-on-year growth of 25.4%.
In contrast, ethereum‘s trading volume grew by 9.7% during the same timeframe, rising from $603.0 billion in 2024 to $661.8 billion in 2025. This data suggests that while ethereum still leads in absolute trading volume, Solana has outperformed it in terms of growth rate this year.
Meme Coins Drive Trading Volume Records
CoinGecko highlighted that the SOL/ETH trading volume ratio, which averaged 0.236 in 2025, increased from 0.206 in the previous year, reflecting a 14.3% rise. This ratio peaked at 0.298 in January 2025, largely due to a surge in meme coin trading on the Solana network.
During January, Solana recorded an impressive $239.4 billion in trading volume, fueled by the popularity of tokens like TRUMP and MELANIA, which captured retail investor interest and stimulated activity on decentralized exchanges.
After the January peak, trading volumes on Solana moderated as the momentum for meme coins waned. Nevertheless, the SOL/ETH volume ratio remained elevated compared to the previous year, settling at 0.219 by June 2025. This indicates that even as speculative trading slowed, Solana retained a significant portion of the overall crypto trading landscape, supported by steady liquidity and active market engagement.
Solana’s Resilience Amid Market Downturns
CoinGecko noted that the increase in Solana’s trading volumes occurred despite a tough market environment, where both Solana and ethereum faced double-digit price declines in the first half of 2025.
From January to June, SOL’s price dropped by over 19%, while ETH experienced a 25% decline during the same period. However, the contrasting growth in trading volume suggests that Solana’s fast and cost-effective platform continues to attract traders, even in bearish market conditions.
Moreover, the Solana network maintains a high level of activity, processing over 100 million transactions daily and supporting around 500,000 active wallets. Protocols like Jupiter and Meteora are enhancing user engagement and liquidity on the platform, with Meteora alone surpassing $750 million in total value locked as of June 2025.
