Solana leads all chains with $45 billion in monthly DEX volume
Solana tops all blockchains with $45.6 billion in 30-day DEX spot volume, per DefiLlama data. BNB Chain follows at $38 billion, while Robinhood Chain makes a striking debut at fifth place just weeks after launch.
(Advertisement)
@solana has cemented its position as the dominant venue for on-chain spot trading, recording $45.6 billion in DEX volume over the past 30 days, more than any other blockchain, according to DefiLlama data.
BNB Chain Holds Second, Ethereum Slips to Third
@BNBCHAIN sits in second place with $38 billion in monthly DEX volume, a position it has climbed to steadily after surpassing Base on monthly volumes in June and Ethereum in July. Ethereum ranks third at $24.2 billion, with Base in fourth at $17.9 billion. Combined, the top two chains alone account for more than $83 billion in monthly spot trading activity.
The gap between Solana and the rest of the field reflects a broader trend. Low fees and fast transaction confirmations have driven both retail and high-frequency trader activity to the network. Solana's lead over Ethereum closed steadily through 2024 and 2025, then flipped in early 2026 as memecoin and stablecoin pair activity stayed concentrated on Solana while Layer 2 volume fragmented across rollups.
Robinhood Chain Makes an Immediate Impact
Perhaps the most striking development in the rankings is the arrival of Robinhood Chain in fifth place at $14.1 billion in monthly volume, ahead of both Polygon and Hyperliquid's L1. The Layer 2 network has been live since July 1. Robinhood Chain processed $3.1 billion in DEX volume over its first seven days, ranking among the top five chains, according to Bernstein.
More than 65,000 users hold roughly $13 million in tokenized stocks and $300 million in stablecoins on the network, and Bernstein said the launch strengthens Robinhood's strategy to expand tokenized equities and other real-world assets through DeFi. Built on Arbitrum's L2 stack, the chain aims to reach 27 million funded accounts through Robinhood Earn and tokenized stocks in over 120 countries.
The current monthly rankings place Solana and BNB Chain in a tier of their own, with the rest of the field separated by a considerable margin. Whether Robinhood Chain can sustain its early momentum and challenge the established order over a full monthly cycle will be one of the more closely watched storylines in on-chain markets over the coming weeks.
Sources:
DefiLlama: DEX Volume Rankings
CoinDesk: Robinhood Chain scores strong debut, Bernstein says
Phemex: Solana 2026 on-chain demand drivers
(Advertisement)
Latest News
Read More...
Author
Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.