DefiLlama data showed Solana's decentralized exchanges holding the No. 2 global weekly spot-volume ranking behind Binance, with $1.796 billion in 24-hour volume and $79.5 billion over 30 days as of July 28.
Solana has exceeded major centralized exchanges including Bybit, Coinbase and Kraken in weekly spot trading volume for a fourth straight week, leaving Binance as the only venue ahead of it, according to DefiLlama data reported by CryptoBriefing on July 28. As of July 28, Solana DEXs recorded $1.796 billion in 24-hour volume and $79.5 billion over the trailing 30 days, down 3.75% week over week, but the decline did not interrupt the ranking streak. DefiLlama's comparison aggregates Solana's decentralized spot activity across protocols against reported spot figures from centralized venues. Solana moved ahead of Coinbase and Kraken in June and overtook Bybit in mid-July. The latest run suggests Solana's on-chain trading activity has remained competitive beyond isolated bursts of market activity, with volume distributed across a broad DeFi stack led by Jupiter, Raydium, Orca and other liquidity venues.