If you're into crypto trading, especially on decentralized exchanges (DEXs), you've probably noticed Solana making waves. For those new to the term, a DEX is basically a platform where you can swap cryptocurrencies directly with others, no central authority involved—think peer-to-peer trading on the blockchain. And in September 2025, Solana absolutely crushed it, clocking in at a whopping $125 billion in spot DEX volume. That's not just a win; it's Solana extending its lead over Ethereum for the 11th month in a row.

Breaking Down the Numbers

Looking at the latest data from Solana Daily, Solana sits comfortably at the top with $125.4 billion. Ethereum follows at $109.7 billion, which is solid but still trailing. Then there's BSC (Binance Smart Chain) at $90.8 billion, Base at $42.1 billion, Hyperliquid L1 at $29.7 billion, Arbitrum at $21.1 billion, Avalanche at $17.4 billion, and Sui rounding out the list at $13.7 billion.

This isn't just about volume—it's a sign of growing adoption. Solana's network is known for its speed and low fees, making it a go-to for high-frequency trades. Spot trading, by the way, means buying or selling assets at the current market price, no futures or leverage involved. So, this pure trading activity highlights real user engagement on these chains.

Why Solana's Lead Matters for Meme Tokens

At Meme Insider, we're all about meme tokens, those fun, community-driven cryptos that can skyrocket based on hype and virality. Solana has become a hotspot for memes because of its efficiency—transactions confirm in seconds for pennies, unlike some other chains where fees can eat into your gains. With this DEX dominance, it's clear traders are flocking to Solana for seamless swaps, which bodes well for launching and trading new meme projects.

Plus, Solana Daily also highlighted that Solana has led in total revenue and growth over the past year. Revenue here often comes from transaction fees and other network activities, showing the ecosystem is thriving. If you're a blockchain practitioner eyeing meme tokens, this data screams opportunity: more volume means more liquidity, which can lead to wild pumps and, yes, the occasional dump—but that's the meme life.

Looking Ahead to October

The big question from the tweet: Will Solana hold onto its crown? With ongoing upgrades like better scalability and integrations, it's looking strong. But crypto is unpredictable—Ethereum's layer-2 solutions or emerging chains like Sui could shake things up. Keep an eye on real-time updates from sources like Solana Daily to stay ahead.

If you're diving into meme tokens on Solana, check out our knowledge base for guides on spotting gems and avoiding rugs. What's your take—Solana forever, or is a challenger rising? Drop your thoughts in the comments!