Solana led all blockchains in spot decentralized-exchange volume for a fifth consecutive quarter in Q3 2026, reaching $197 billion, up 16.6% from $169 billion in Q2. It also reclaimed the No. 2 position for combined spot trading volume across centralized and decentralized exchanges, overtaking Bybit after losing the ranking in Q2. The network processed more than 14 billion transactions, including a record 8.78 billion non-vote transactions, as memecoin trading, stablecoin swaps and tokenized assets drove activity. Data providers reported materially different DEX-volume estimates because of varying methodologies, while SOL centralized-exchange trading volume declined even as active addresses and wallet counts rose.