Solana recorded $7.19 billion in spot trading volume between June 12 and June 18, placing third worldwide for the week. Only Binance, with $34.39 billion, and Bybit, with $9.47 billion, ranked higher. In the same period, Coinbase processed about $6 billion in spot volume and Kraken about $4 billion, leaving Solana ahead of both centralized exchanges.
Weekly spot activity put Solana in third place globally
In this comparison, spot volume refers to the total value of real-time asset purchases and sales, excluding futures and leveraged products. The weekly ranking listed in the source was Binance first, Bybit second, Solana third, Coinbase fourth, and Kraken fifth. That made Solana one of the few public blockchains to post a spot trading figure above major centralized venues in the same week.
The figures were attributed to SolanaFloor’s official X account. The report framed the result as a direct comparison between on-chain trading activity and exchange-based spot markets, rather than a narrow blockchain metric.
Tokenized equities and new token trading were key drivers
The source pointed to three catalysts behind the surge. One was tokenized equities. SPCX, described as a tokenized SpaceX share on-chain, surpassed $105 million in daily trading at its peak. Around mid-June, tokenized stock volume on Solana reached a daily record of $187.9 million.
A second factor was the steady flow of new token launches. Meme coins and DeFi token trading continued to generate heavy activity on the network. According to the source, transaction fees remained below $0.01, allowing even smaller trades to add meaningful volume when repeated at scale.
Speed and cost kept order flow on-chain
The third driver was throughput. The article said Solana can process thousands of trades per second, while daily on-chain activity peaked above 100 million transactions in mid-2026. For traders focused on fast execution and low costs, those conditions matter.
The source also cited other indicators tied to the Solana ecosystem. Solana ETF assets were said to have crossed $1 billion, with Bitwise and Fidelity named among the institutional participants. Morgan Stanley filed for a Solana Trust, and Forward Industries converted its treasury to hold more than 6.9 million SOL valued at nearly $1 billion. Taken together with the weekly spot figure, those data points showed stronger trading activity and broader institutional participation around the network.