In the ever-evolving world of crypto, a recent tweet from Max Kaplan, CTO at Sol Strategies, caught our eye here at Meme Insider. He shared a compelling chart showing the DEX to CEX spot trade volume percentage skyrocketing to around 25% as of October 2025. For those new to the terms, DEX stands for Decentralized Exchange, like trading platforms built on blockchains where you control your own keys—no middleman involved. CEX, or Centralized Exchange, is more like traditional platforms such as Binance or Coinbase, where the company holds your assets.
Kaplan captioned it with a nod to the bigger picture: "Bitcoin: censorship resistant money, digital gold. Solana: censorship resistant trading, internet capital markets." This highlights how Bitcoin pioneered secure, unstoppable value storage, while Solana is pushing boundaries in fast, low-cost trading that's hard to censor.
The chart, sourced from The Block and DefiLlama, illustrates a dramatic uptick in DEX dominance over the years. Starting near zero in 2019, it dipped and rose through market cycles, but 2025 has seen a consistent climb, hitting peaks that signal a shift toward decentralized trading.
Why the Surge in DEX Volume?
This isn't just random noise—it's driven by real innovations and user preferences. Solana, in particular, has become a hotspot for DEX activity thanks to its high throughput and tiny fees. Platforms like Raydium and Jupiter on Solana make swapping tokens as easy as scrolling through your feed. And let's not forget the meme coin frenzy: tokens like Dogwifhat or Bonk thrive on these DEXes because anyone can launch and trade without gatekeepers.
Recent data from Messari shows that DEX volumes are eating into CEX market share, especially in spot trading. In September 2025 alone, perpetual DEX volumes topped $1 trillion for the first time, per reports from CCN. For meme tokens, this means more liquidity and faster pumps (and dumps), as traders flock to where the action is hottest.
Impact on Meme Tokens
At Meme Insider, we're all about those viral, community-driven coins. The rise in DEX volume is a boon for memecoins, especially on Solana. Why? Because DEXes lower barriers to entry. You don't need KYC or approvals—just a wallet and some SOL. This democratizes trading, letting retail investors jump in on the next big meme without friction.
Think about it: higher DEX volumes mean better price discovery and reduced reliance on centralized points of failure. If a CEX goes down or faces regulatory heat, DEXes keep chugging along. For Solana-based memes, this censorship resistance Kaplan mentions is key. It's like the internet's own stock market, where ideas (and jokes) can go viral globally.
Replies to Kaplan's tweet echo this excitement. Users highlighted Solana's role in prediction markets and builder freedom, with one noting, "Solana isn’t just speed it’s freedom for builders." Even Bitcoin maximalists might appreciate how wrapped BTC on Solana bridges the gap.
Looking Ahead
As we head into the end of 2025, keep an eye on this trend. If DEX volumes continue climbing—potentially reaching 30% or more—it could supercharge the meme token ecosystem. More volume means more opportunities for launches, airdrops, and community-driven hype. But remember, with great volatility comes great responsibility: always DYOR (do your own research) before diving in.
For more insights on meme tokens and blockchain trends, stick with Meme Insider. What's your take on the DEX takeover? Drop us a line or check out our knowledge base for the latest on Solana memecoins.