Solana Surpasses $7 Billion in Trading Volume, Beats Coinbase and Kraken
Analysis
Price Impact
HighSolana's trading volume surpassing major exchanges like coinbase and kraken indicates strong network activity and user adoption, which is a significant bullish fundamental development for sol.
Trustworthiness
HighPrice Direction
BullishIncreased trading volume often correlates with increased buying pressure and investor interest. outperforming established cexs in volume suggests robust demand for sol and the solana ecosystem.
Time Effect
ShortThis is a recent development (weekly volume) and its immediate impact on price is usually observed in the short term as traders react to the news.
Original Article:
Article Content:
Cover image via U.Today Solana's weekly volume crosses $7.1 billion Why Solana? Advertisement Solana has shown remarkable strength in its spot activity as its performance in the last day and week positions it ahead of major centralized exchanges, including Coinbase and Kraken. A recent chart on Solana's spot trading volume compared to CEXs revealed a substantial surge in Solana's trading performance despite the recent market weakness. Solana's weekly volume crosses $7.1 billion Per the data , Solana has recorded more than $7 billion in its weekly spot trading volume, spanning from 12 June 2026 to 18 June 2026. HOT Stories Bitcoin Close to Dropping Out of Top 20 Bitcoin (BTC), Dogecoin (DOGE), XRP and Shiba Inu (SHIB) Price Analysis for June 19: Cryptocurrency Market Needs Momentum Although the chart did not show details of its daily performance, the source confirmed that Solana has outperformed major centralized exchanges Coinbase and Kraken in both daily and weekly spot trading activity. Advertisement While Binance and Bybit stood out with the highest spot performance, they achieved $34,391,978,126 and $9,472,821,852 in weekly trading volume, respectively. You Might Also Like Mon, 06/15/2026 - 14:00 Big Win for Solana: Major Japanese Exchange Reveals SOL Listing By Tomiwabold Olajide As such, Solana now sits behind only Binance and Bybit, as it achieved the third highest volume of $7,187,605,961, positioning the network as a strong contender even among the biggest crypto exchanges. Advertisement While both Coinbase and Kraken recorded substantially lower trading volumes of about $6 billion and $4 billion over the period, Solana has proven its dominance over both firms. Why Solana? The substantial increase in Solana's spot activity, even above major CEXs, has caught the attention of market enthusiasts, and curiosity about the drive behind Solana's growing adoption among investors has begun to rise. Over recent weeks, Solana has seen increased on-chain participation, new token launches, and growing interest from retail traders, all thanks to its fast transaction speeds and low transaction costs that have made onboarding seamless for traders. #Solana #Binance #Bybit #Coinbase #Kraken