Top 5 DEXs on Solana for March 2025

Decentralized exchanges (DEXs) have become a cornerstone of the crypto ecosystem, offering users a way to trade tokens without relying on centralized intermediaries. These platforms leverage smart contracts to facilitate peer-to-peer trading, providing greater transparency, security, and often lower fees compared to traditional exchanges. Which ones are shining recently using Solana as a blockchain?

What is Solana?

Solana is a high-performance blockchain designed to handle thousands of transactions per second (TPS) with minimal fees. It has gained massive adoption due to its speed, scalability, and developer-friendly ecosystem. Many DeFi projects, including DEXs, have built on Solana, taking advantage of its efficient infrastructure.

What Does DEX on Solana Mean?

A DEX on Solana is a decentralized exchange that operates on the Solana blockchain. These platforms allow users to swap tokens, provide liquidity, and earn yield—all while benefiting from Solana’s ultra-fast transaction speeds and low costs. Thanks to Solana's efficiency, trading on these DEXs is nearly instant and significantly cheaper than on other networks like Ethereum.

Top 5 DEXs on Solana for March 2025

Now, let’s take a look at the top 5 DEXs on Solana in March 2025, ranked by trading volume over the past week.

1. Orca – $8 Billion Trading Volume

Orca is currently the most dominant DEX on Solana, boasting an impressive $8 billion in trading volume over the past week. Launched in 2021, Orca has built a reputation for its user-friendly interface, efficient swaps, and unique Fair Price Indicator, which helps traders get the best rates. It has become a favorite among both beginners and advanced traders in the Solana ecosystem.

2. Raydium – $5.5 Billion Trading Volume

Raydium, launched in early 2021, is one of Solana’s oldest and most established DEXs. What makes Raydium unique is its integration with the Serum order book, allowing it to provide both automated market maker (AMM) features and access to centralized-style liquidity. With a trading volume of $5.5 billion in the past week, Raydium remains a major player in the Solana DeFi space.

3. Meteora – $4 Billion Trading Volume

Meteora is a rising star in the Solana DeFi ecosystem, accumulating $4 billion in weekly trading volume. Known for its innovative yield strategies and liquidity aggregation, Meteora provides a seamless experience for traders looking to maximize their earnings while swapping tokens. Its focus on automated liquidity optimization has set it apart from traditional DEX models.

4. Lifinity – $2.2 Billion Trading Volume

Lifinity is a relatively new but rapidly growing DEX on Solana. Launched in 2022, it has positioned itself as a concentrated liquidity DEX, meaning it aims to improve capital efficiency by reducing slippage and offering better prices for traders. With $2.2 billion in trading volume last week, Lifinity is proving to be a solid choice for those seeking efficient and low-cost trading.

5. SaberDAO – $0.8 Billion Trading Volume

SaberDAO, founded in 2021, specializes in stablecoin swaps and cross-chain liquidity on Solana. While its trading volume of $800 million is lower than the other DEXs on this list, Saber remains a key platform for users looking to exchange stable assets with minimal slippage. Its DAO governance model allows the community to help shape its future.