Solana’s decentralized exchanges processed more spot trading volume than the New York Stock Exchange on Thursday, a milestone that would have sounded like science fiction two years ago.
The numbers behind the milestone
Solana’s DEX ecosystem has been on an absolute tear. The network’s decentralized exchanges recorded $1.6 trillion in cumulative spot trading volume for 2025, capturing roughly 11.92% of global market share. That figure placed Solana as the second-largest spot trading venue in crypto, trailing only Binance and outpacing major centralized exchanges like Bybit, Coinbase, and Bitget.
Daily on-chain activity on Solana peaked above 100 million transactions per day in mid-2026.
Solana now dominates approximately 97% of all on-chain tokenized equities spot trading volume as of early June 2026.
