A recent OKX report examined the state of decentralized exchanges (DEXs) in 2025, revealing Solana as a dominant force while Ethereum faces challenges to maintain its relevance. The report highlighted how innovations across blockchains, technological advancements, and evolving user preferences have collectively reshaped the DEX sector. Solana Leads the DEX Revolution The Solana ecosystem is a key highlight in the OKX exchange’s report. It has emerged as a dominant force in decentralized finance (DeFi), commanding 48% of the total DEX volume. According to the State of DEXs in 2025, this growth can be attributed to its high-speed transaction capabilities, negligible fees, and developer-friendly infrastructure. “By almost all measures of blockchain adoption, Solana blows every other chain out of the park. Network transaction fees generated, transaction count, active wallet addresses, DEX active users – Solana is truly the retail chain,” read an excerpt in the report. Further, OKX c...