Solana’s non-native token trading hit a record share of monthly spot DEX activity, while the network ranked third in 24-hour HYPE spot volume at $163 million, ahead of Coinbase and OKX.
Foreign token trading on Solana rose to a record 8% of the network’s monthly spot DEX volume in May, highlighting the blockchain’s growing role as a venue for tokens associated with other ecosystems. Solana also became one of the top places to trade ZEC and HYPE. In HYPE, the network ranked third by 24-hour spot volume with $163 million in DEX activity, exceeding volumes on Coinbase and OKX, according to the report.