If you've been keeping an eye on the crypto space, especially where meme tokens thrive, you'll know that decentralized exchanges (DEXs) are the heartbeat of on-chain trading. A recent tweet from MartyParty highlights a trend that's hard to ignore: Solana has been crushing it in spot DEX trading volume for 11 months straight, leaving Ethereum in the dust.

The chart shared in the tweet breaks down the numbers for September 2025, showing Solana at the top with a whopping $125.4 billion in volume. That's ahead of Ethereum's $109.7 billion, Binance Smart Chain (BSC) at $90.8 billion, and others like Base ($42.1 billion), Hyperliquid L1 ($29.7 billion), Arbitrum ($21.1 billion), Avalanche ($17.4 billion), and Sui ($13.7 billion). For context, spot trading on DEXs refers to immediate buys and sells of tokens without leverage or futures—think straightforward swaps on platforms like Raydium on Solana or Uniswap on Ethereum.

This dominance isn't just a fluke. Solana's high-speed, low-cost transactions make it a go-to for retail traders and meme token enthusiasts. Meme coins, those viral, community-driven tokens often inspired by internet culture, explode in popularity on Solana because of its efficiency. Platforms like Pump.fun have turned Solana into a meme token launchpad, driving massive volumes as traders chase the next big pump.

Compare that to Ethereum, which, while still a powerhouse with its robust DeFi ecosystem, faces higher fees and slower speeds without layer-2 solutions. Even with upgrades like Dencun, Ethereum's base layer can't match Solana's throughput for high-frequency trading, which is why we've seen this shift.

Looking at the replies to the tweet, the community is buzzing. One user points out that "Trenchers won't let Solana volume die," referring to dedicated Solana supporters keeping the momentum alive. Another laments that Solana's price should be at $600 by now, given these metrics. There's even chatter about underrated gems like JLP (Jupiter Liquidity Provider tokens) and Meteora, a DEX aggregator on Solana that's been a "goldmine" for yields.

For meme token hunters, this data underscores why Solana remains prime territory. Higher volumes mean more liquidity, which translates to better prices and less slippage when trading hot memes. If you're building or trading in the blockchain world, keeping tabs on these trends can give you an edge—whether it's spotting the next viral token or understanding where the smart money is flowing.

As we head into the last quarter of 2025, it'll be interesting to see if Solana can extend its streak. With competition heating up from chains like Base and Sui, the DEX landscape is evolving fast. Stay tuned to Meme Insider for more breakdowns on how these shifts impact the meme token universe.