A report states that Solana has become the third-largest venue by 24-hour volume for hyperliquid:native spot trading. According to the post, hyperliquid:native spot volume on Solana reached $56 million, surpassing multiple tier-one exchanges, including Coinbase and OKX. The ranking highlights Solana’s growing role as a blockchain network used for on-chain trading activity, where spot trading means direct buying and selling of assets rather than derivatives.