The report says Solana remained the third-largest venue for 24-hour spot HYPE trading and that its decentralized exchange activity exceeded volumes on Coinbase and OKX.
Solana remained the third-largest venue for 24-hour spot HYPE trading, with decentralized exchange volume on the network reaching $163 million. The report said that level continued to outpace trading volumes on multiple tier-one exchanges, including Coinbase and OKX, underscoring how on-chain markets can rival large centralized platforms for specific tokens.