DeFi· ★★★· bullish·

Solana leads all chains in spot DEX volume for fifth straight quarter with $197B in Q3 2026

  • —Solana spot DEX volume rose 16.6% to $197 billion in Q3
  • —The network logged a record 8.78 billion non-vote transactions in the quarter
  • —In one September week, Solana DEX trade count hit about 208 million versus roughly 190 million on the NYSE
  • —PumpSwap, Orca and Raydium handled most of the flow
Why it matters: The migration of trading from exchanges to onchain venues could shift where fees and liquidity accumulate, though the volume remains heavily tied to speculative memecoin activity.
#SOL
Source: Crypto Briefing
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