Ethereum
Solana Surpasses Ethereum and Layer-2 Networks in Daily Decentralized Exchange Volume
Data from Blockworks Research shows Solana generated $3.06 billion in daily spot DEX trading, exceeding Ethereum, its Layer 2 ecosystems, and Hyperliquid combined.
Solana recorded higher daily spot decentralized exchange (DEX) volume on October 3 than the Ethereum mainnet, all Ethereum Layer 2 networks, and Hyperliquid combined, according to data from Blockworks Research shared by SolanaFloor. The platform's tracking dashboard showed Solana reaching $3.06 billion in spot DEX volume and $4.51 billion in liquidity during the session.
The daily milestone aligns with broader market share shifts recorded throughout the year. A report by 21Shares found that Solana accounted for more than 36% of global spot DEX volume during the first half of 2026, roughly double Ethereum's share over the same timeframe, despite Solana representing approximately 9.5% of the total smart-contract blockchain market capitalization. In addition, DefiLlama recorded approximately $78 billion in 30-day Solana DEX volume, compared to around $42 billion for Ethereum.
The composition of onchain trading on Solana has also evolved. According to 21Shares, memecoins dropped from 40% of Solana's spot trading volume in the first half of 2025 to 16% in the first half of 2026, while stablecoin swaps increased from 6% to 19% over the same period. Blockworks noted that its tracking metrics only include trades between verified tokens in its database, filtering out unverified or thinly traded assets.
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