Solana leads all chains in spot DEX volume for fifth straight quarter with $197B in Q3 2026

Solana just extended its winning streak. Spot trading volume on the network’s decentralized exchanges climbed 16.6% to $197 billion in Q3 2026, leading every other blockchain for the fifth consecutive quarter. The numbers behind the quarter On Solana, those vending machines stayed busy all quarter. The $197 billion spot total marks a 16.6% jump from Q2, according to the figures shared in the original report. September did a lot of the heavy lifting. Solana Compass put the month’s onchain spot DEX volume at approximately $184 billion. Not every tracker sees it the same way, though. DefiLlama reported September volume closer to $78 billion, a gap the research attributes to different reporting methodologies. Separate tallies put total DEX volume for Q3 at around $168 billion by late September. Transactions, trade counts and the NYSE comparison Solana Compass recorded more than 8.78 billion non-vote transactions in Q3, a record for the network. Non-vote transactions are the ones users actually generate, as opposed to the housekeeping messages validators send to keep consensus running. Some analyses suggest total transactions, votes included, topped 14 billion for the quarter. Daily ave...