Solana PropAMM Logged $19.8 Billion in March Volume, Exceeding Top CEX SOL Spot Trading

The update says Solana PropAMM handled more March 2026 volume than the combined $19.2 billion in Solana spot trading on the four largest centralized exchanges (crypto trading platforms).

SOL

Summary

In March 2026, Solana PropAMM recorded $19.8 billion in trading volume, according to the source. That was higher than the combined $19.2 billion in Solana spot volume across the top four centralized exchanges (crypto trading platforms). The comparison points to strong onchain trading activity within the Solana ecosystem. Spot volume refers to direct buying and selling of an asset for immediate settlement, while activity on decentralized venues can reflect growing user demand for blockchain-based market infrastructure.

Terms & Concepts
  • Centralized exchanges: Crypto trading platforms operated by a company that custody user assets and match trades through an internal order system.
  • Spot volume: The total value of assets bought and sold for immediate settlement, rather than through derivatives or future contracts.
  • Onchain trading: Trading activity executed directly on a blockchain through smart contracts (self-executing blockchain code), rather than on offchain venues.