The blockchain’s DEX activity surpassed several major centralized exchanges and ranked behind only Binance in the latest weekly comparison.
Solana’s decentralized exchanges posted higher weekly spot trading volume than several major centralized exchanges for a third straight week, overtaking Bybit, Coinbase and Kraken while trailing only Binance. The comparison points to sustained on-chain trading activity on Solana, where DEXs (decentralized exchanges, peer-to-peer trading venues) continue to capture volume that would traditionally flow through CEXs (centralized exchanges run by companies). A third consecutive week at that level suggests the shift is not a one-off spike but a continuing pattern in recent market activity.