Solana's DeFi Dominated by Private DEXs Amid Transparency Concerns
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: May 14 2025Private DEXs and Transparency Issues: Solana's DeFi ecosystem is increasingly dominated by private decentralized exchanges (DEXs) like SolFi and Obric v2, which now handle over 60% of swap trades, raising concerns about transparency due to their anonymous operators.
Impact on Solana's Market Dynamics: The rise of these private DEXs is significantly affecting Solana's trading volume and liquidity pools, potentially reshaping the future of its DeFi landscape amidst anticipated regulatory scrutiny.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
