Solana on-chain activity expands as weekly spot DEX trades surpass NYSE

  • Solana recorded 208 million weekly spot DEX trades, surpassing roughly 190 million on the NYSE for the first time.
  • Tokenized commodities trading reached $87 million weekly, with Raydium handling 70% and tokenized gold supply up 689% year over year through August 2026.
  • Solana’s stablecoin supply reached a record $16.5 billion, while tokenized-equity holders climbed to 973,000 in September.

Solana recorded about 208 million spot DEX trades in the week ending September 13, surpassing roughly 190 million NYSE trades for the first time, as the network’s tokenized-asset activity continued expanding. Tokenized commodities trading reached $87 million in weekly volume, with Raydium handling 70%, while Solana’s tokenized commodity supply approached $50 million by late August 2026. Broader liquidity indicators also strengthened: cumulative DEX volume across the market exceeded $600 billion in Q3, Solana’s stablecoin supply reached a record $16.5 billion on September 22, and tokenized-equity holders reached 973,000 in September. Tokenized gold supply rose 689% year over year through August 2026, although Solana held only about 0.47% of the total on-chain gold market. New access products, including GMTrade’s 24/7 perpetual contracts for gold, silver and WTI crude oil and Kamino’s use of PAXG as collateral, further broadened Solana’s real-world-asset and DeFi activity.

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