BREAKING: The number of weekly spot DEX trades on Solana has officially surpassed the NYSE for the first time in history. This metric includes the number of individual onchain token swaps executed on decentralized exchanges built on Solana. In the week ending September 13th, So
Why now
Thesis: Solana onchain activity rivals traditional exchanges
Catalyst to watch: Sustained DEX volume growth
Main risk: Trade count metric may overstate value
Why it matters
Solana DEX trade count surpassing NYSE signals growing onchain activity, supporting SOL ecosystem fundamentals.
Details
BREAKING: The number of weekly spot DEX trades on Solana has officially surpassed the NYSE for the first time in history. This metric includes the number of individual onchain token swaps executed on decentralized exchanges built on Solana. In the week ending September 13th, Solana saw ~208 million spot DEX trades, compared to ~190 million on the NYSE. Meanwhile, the gap between the Nasdaq and Solana narrowed to ~47 million trades, the smallest gap on record. The growth has been largely catalyzed by Jupiter, the largest trading platform on Solana, which has processed over 80 million trades this month, up +38% month-over-month. To put this into perspective, Solana has now seen +185% growth in weekly spot DEX trade volumes compared to the lows seen in July. Crypto markets are on fire.
Sources
- x · 2026-09-22 14:24 UTC