Solana's on-chain spot trading volume is projected to reach $1.6 trillion by 2025, surpassing major centralized exchanges like Bybit, Coinbase, and Bitget, according to data from Jupiter and Artemis Research. This volume will represent 11.92% of the global spot market, positioning Solana second only to Binance, which is expected to handle $7.27 trillion, or 55.11% of the market. Since 2022, Solana's share of on-chain trading has surged from 1% to 12%, highlighting a significant shift in crypto trading activity towards decentralized platforms. In contrast, Binance's market share has decreased from 80% in 2022 to 55%, reflecting changing dynamics in the cryptocurrency exchange landscape.