Solana AMM daily trading volume matches the top 4 centralized exchanges. Data from 4/16: Solana chain-based AMMs surpassed $1 billion in daily trading volume, matching the combined volume of the top four CEXs. Two years ago, this figure would have been met with disbelief. DEX trading volume reaching parity with leading CEXs signals that on-chain liquidity has reached a tipping point—for most trading scenarios, you no longer need to deposit assets onto an exchange; you can simply swap directly on-chain. Solana achieves this through its foundational advantages: $0.00025 transaction fees and 400ms block times, making a viable economic model for high-frequency, low-value on-chain transactions. On Ethereum, the gas cost for a single swap can exceed the trade amount itself—this is not an issue on Solana. Jupiter accounts for 95% of aggregator volume, Raydium is the largest AMM, and together with Orca and Meteora, these platforms collectively drive the $1 billion daily volume. The core competitive advantages of CEXs have always been liquidity and speed. As on-chain DEXs now match them on both dimensions, the moat protecting centralized exchanges is narrowing. @JupiterExchange @RaydiumProtocol @solana @Solana_zh