Solana DEX Retail Activity Plunges 81% in 2025
Solana DEXs see major decline as daily traders drop 81% and transactions fall 36% since early 2025.
- Daily Solana DEX traders dropped from 4.8M to 900K
- Transactions fell 36% in just one month
- Retail interest in Solana shows sharp decline
Solana, once hailed as a fast and efficient blockchain for decentralized exchanges (DEXs), is seeing a major downturn in user activity. Recent data reveals a massive 81% drop in daily retail traders on Solana-based DEXs — falling from 4.8 million at the start of 2025 to around 900,000 by August.
This sharp decline points to waning retail interest, possibly triggered by broader market corrections, reduced hype around memecoins and NFTs, or concerns over platform reliability and fees. While the Solana ecosystem still offers high-speed and low-cost transactions, the fall in active traders suggests a shift in sentiment.
Transaction Volume Also Suffers
It’s not just users who are leaving — the number of transactions has also taken a hit. In July, Solana DEXs processed around 45 million transactions daily. By August, that number had plummeted to 28.8 million, representing a 36% drop.
This drop in transaction volume further highlights the reduced activity in the Solana DeFi space. Lower engagement may result in decreased liquidity and slower innovation across decentralized apps built on the chain.
What’s Next for Solana?
Despite the decline, Solana remains a top 10 blockchain by market cap and continues to attract developer interest. Innovations in real-world assets, DePIN projects, and Layer 2 integrations might bring users back. However, to regain retail momentum, Solana will need renewed hype, strong narratives, and user-friendly dApps.
Whether this is just a short-term lull or the start of a long-term slowdown will depend on how the ecosystem adapts in the coming months.
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