Solana becomes third-largest venue for ZEC spot trading over 30 days

ZEC spot volume on Solana rose 100% in the last 30 days, placing it behind only Binance and Coinbase on the timeframe cited.

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ZEC

Summary

Solana has become the third-largest venue for ZEC spot trading volume across DEXs (decentralized exchanges) and CEXs (centralized exchanges) for the first time on a 30-day basis. The ranking leaves Solana trailing only Binance and Coinbase, while ZEC spot volume on the network is up 100% over the last 30 days. The move points to rising trading activity for ZEC on Solana-based venues and suggests the network is capturing a larger share of spot-market flow.

Terms & Concepts
  • DEXs: Decentralized exchanges for peer-to-peer trading.
  • CEXs: Centralized exchanges run by intermediaries.
  • spot trading volume: The amount traded for immediate settlement.