Solana’s on‑chain spot trading volume climbed to roughly $7.19 billion during the week of June 12‑18 2026, overtaking Coinbase’s estimated $6 billion and Kraken’s near $4 billion, according to SolanaFloor data sourced from DeFiLlama.
Weekly Volume Rankings
The latest figures place Solana third among all trading venues, trailing only Binance with about $34.4 billion and Bybit with approximately $9.47 billion in weekly spot volume. This positioning indicates that Solana is capturing order flow from the same pool of investors that frequent the leading centralized exchanges.
Drivers Behind the Surge
Retail participants and algorithmic traders propelled the network’s activity, concentrating trades on Solana’s most popular decentralized applications. Because transactions occur across wallets and liquidity pools rather than through a single gatekeeper, the blockchain environment resists centralized control while still delivering substantial market liquidity.
Historical Context
January data revealed that Solana’s DEX volume had already doubled that of Ethereum, suggesting a continuing shift toward faster, lower‑fee blockchain solutions. As investors seek alternatives to traditional crypto exchanges, Solana’s growing on‑chain market share underscores its expanding role in the broader crypto ecosystem.