Solana Leads DeFi With $13B TVL, $100B DEX Volume

Key Takeaways
- Solana reaches a Total Value Locked (TVL) of USD 13 billion in March 2025.
- With a 63% market share, Solana dominates decentralized exchange (DEX) trading among high-performance blockchains.
- DEX trading volume on Solana’s platforms hit USD 100 billion in March – despite weaker overall market sentiment.
- SOL’s price has shown a stable upward trend since April, with technical indicators remaining in bullish territory.
Solana Expands Its DeFi Leadership
Despite a generally weaker crypto market in the first quarter of 2025, Solana continues to assert itself as a leading platform in the DeFi (Decentralized Finance) space. With a Total Value Locked (TVL) of USD 13 billion in March, Solana stands well ahead of other blockchains such as Arbitrum, Base, and Avalanche. TVL measures the total value of assets locked in DeFi protocols and is considered a key indicator of network activity and user trust.
DEX Market Share Well Ahead of Competitors
In March 2025, Solana controlled approximately 63% of the DEX trading volume among high-performance blockchains. DEX stands for “Decentralized Exchange” – platforms where users can trade cryptocurrencies directly without central intermediaries. Although this marks a decline from the peak of 79% in December 2024, the gap between Solana and its competitors remains significant. Other networks are nowhere near these numbers.
Stable Trading Volume Despite Market Weakness
While many cryptocurrencies experienced price drops in March, Solana’s trading activity remained strong. DEX volume reached USD 100 billion – a figure higher than any month before November 2024. This trend indicates that Solana is not just benefiting from short-term hype, but is increasingly being seen as a reliable infrastructure for decentralized financial applications.
Technical Indicators Suggest Continued Growth
The price of SOL, the network’s native token, recovered in April and recently stood at around USD 153. The Relative Strength Index (RSI) – a technical indicator used to assess overbought or oversold conditions – was at 66. This points to a healthy upward trend without signs of overheating. Additionally, a bullish MACD crossover indicates further growth potential. MACD stands for “Moving Average Convergence Divergence” and is a common trend-following indicator.
Our Assessment
Solana is showing strong performance in spring 2025 – both in terms of usage and price development. Its dominance in the DEX space and sustained high TVL indicate a resilient ecosystem that is not solely driven by short-term trends. For you as a user or investor in the crypto space, Solana is currently one of the most relevant platforms in the DeFi sector. Technical developments and market adoption suggest that Solana could continue to play a central role in the Web3 financial system in the coming months.
Sources
- Syndica
- TradingView