The network ranked second across decentralized exchanges and centralized exchanges for a second straight day, trailing only Binance.
Solana moved ahead of Bybit_Official to take the No. 2 position in global spot crypto trading volume for the second consecutive day. The ranking spans DEXes (decentralized exchanges) and CEXes (centralized exchanges), leaving Binance in the top spot. The update points to sustained trading activity on Solana relative to one of the largest centralized crypto venues, underscoring how blockchain-based trading infrastructure can compete directly with traditional exchange platforms in spot markets.