Solana's Dominance Faces Challenge from Ethereum and BNB Chain

Solana remains the top chain for decentralized exchange spot trading in Q1 2026, with a 30.6% market share, according to CoinGecko's latest findings.

However, Ethereum briefly overtook Solana with a 27% share in March, marking a shift in momentum.

Beneath the surface, BNB Chain ranked second for the quarter overall after holding a 24.5% share, slightly ahead of Ethereum's 23.7%. Despite this, BNB Chain recorded a steeper drop in trading activity.

Solana handled far more activity than any other blockchain in Q1 2026, processing about 25.3 billion transactions, as per CoinRank's data.