Solana's weekly trading volume has surpassed $7.1 billion from June 12 to June 18, outpacing major centralized exchanges Coinbase and Kraken in spot trading activity.
This surge puts Solana third after Binance and Bybit in spot trading volume, highlighting its growing adoption due to fast transaction speeds and low costs.
The increased on-chain activity and new token launches have attracted more retail traders, positioning Solana as a strong competitor in the crypto market.