Solana Holds Second Place in Weekly DEX Spot Volume for 14th Straight Week
Solana recorded $12.63 billion in weekly decentralized exchange spot volume, extending its run ahead of major centralized exchanges while remaining behind Binance.
Solana has maintained its position as the second-ranked blockchain network for weekly decentralized exchange (DEX) spot volume, marking the 14th consecutive week in the position. The network trailed only Binance in the week ending October 23, 2026, according to data reported by SolanaFloor.
A sustained second-place run
Solana’s latest ranking places its on-chain trading activity ahead of major centralized exchanges, including Bybit, Coinbase, and Kraken. The streak indicates that Solana has continued to attract substantial spot trading activity through decentralized venues rather than relying exclusively on traditional centralized platforms.
The comparison is notable because it measures weekly DEX spot volume at the network level. Rather than reflecting activity on a single application, the figure captures demand across Solana’s decentralized trading environment and points to continued use of the chain for asset swaps and market participation.
The reported ranking for the period was:
- Binance: First in weekly DEX spot volume
- Solana: Second, with $12.63 billion in weekly volume
- Bybit, Coinbase, and Kraken: Trailing Solana in the comparison
Volume remains high despite weekly pullback
Solana’s $12.63 billion in DEX spot volume represented a decline from $13.61 billion the previous week. The difference amounts to approximately $980 million, or a weekly reduction of about 7.2%. Even with that pullback, Solana retained its second-place ranking and extended the run to 14 weeks.
The data suggests that the network’s trading momentum has remained elevated rather than being limited to a single week of unusually strong activity. Sustained volume at this level may reflect a durable preference among some traders for on-chain execution, where market participants can interact directly with decentralized venues and self-custody infrastructure.
At the same time, the week-over-week decline shows that high activity does not necessarily move in a straight line. Rankings can remain stable even as absolute volume changes, particularly when competing venues experience similar fluctuations in trading demand.
What This Means
For Solana, the continued second-place ranking reinforces its position as a major venue for decentralized spot trading. The 14-week streak provides a stronger signal than a one-week spike, suggesting that on-chain liquidity and trader participation have remained comparatively resilient.
The result is also constructive for the broader Solana ecosystem because sustained DEX usage can support activity across trading applications and related infrastructure. However, the weekly decline is a reminder that market conditions remain fluid. Solana’s ability to preserve its ranking while maintaining substantial volume will be important for determining whether this trend develops into a longer-term shift toward decentralized trading.