Techub News reported that Solana recorded $7.19 billion in spot trading volume last week, surpassing major centralized exchanges including Coinbase and Kraken within the cited ranking. According to the report, the figure placed Solana third overall, behind only Binance and Bybit. The data, cited from U.Today, covers the period from June 12 to June 18.
June 12 to 18 Trading Volume Comparison
During the same reporting period, Coinbase recorded approximately $6 billion in spot trading volume, while Kraken recorded approximately $4 billion. Under this comparison, Solana’s weekly volume of $7.19 billion was higher than both platforms and ranked after Binance and Bybit among the entities mentioned in the data.
The report also stated that recent participation on the Solana network has increased, while new token issuance has grown. Fast transaction speed and low costs were also cited as factors supporting stronger retail trading activity. Solana’s reported volume shows that its on-chain spot trading activity exceeded that of some large centralized trading venues during the June 12 to 18 period.