**Solana Leads DEX Volume as TVL Shrinks 21.6% in Week Ending November 16, 2025**
In the week ending November 16, 2025, the total value locked (TVL) across decentralized exchanges (DEXs) saw a significant decline, dropping sharply to $952.29 billion. This represents a 21.6% decrease compared to the previous week’s $1,215.32 billion, and an even steeper 44.3% fall from this year’s peak TVL of $1,711.04 billion.
Amidst this downturn, Solana has emerged as the leader in DEX trading volumes, overtaking major blockchains like BNB Chain and Ethereum. Solana processed an impressive $238.15 billion in trading volume, securing the top spot for the period. BNB Chain followed closely with $225.61 billion, while Ethereum recorded $168.29 billion in trading activity.
This sharp contraction in TVL highlights growing liquidity concerns across major chains and has triggered notable shifts in DeFi trading dynamics. Market participants are adapting to changing conditions, reflected in fluctuating liquidity and on-chain trading behaviors.
**Developer Commentary**
Community developers emphasize the importance of “active monitoring of liquidity risks and deploying new risk management strategies” to navigate this uncertain landscape effectively.
**Historical Shifts in DEX Leadership and Solana’s Price Dynamics**
The recent ascendancy of Solana in DEX trading volume echoes previous episodes of significant market transformation, such as the surge in Solana’s NFT activity observed back in 2021. CoinMarketCap data shows Solana’s current price at $135.71, with a market capitalization of $75.21 billion and a dominance of 2.36%.
Despite notable price declines—4.90% over the past 24 hours, 16.54% in the last week, and 25.9% over the past month—Solana continues to maintain a critical role within the DeFi ecosystem, buoyed by shifting decentralized exchange volumes and evolving market trends.
As the DeFi sector adapts to these developments, market watchers will be closely observing how liquidity, trading preferences, and blockchain leadership continue to evolve in the coming weeks.
https://bitcoinethereumnews.com/tech/solana-tops-amid-tvl-decrease/