History just flipped.
@solana DEXs processed more weekly trading volume than the NYSE—for the first time ever.
A decentralized network, open 24/7 to anyone with an internet connection, just outpaced the world’s largest stock exchange.
The future of markets isn’t coming. It’s already trading.
#solana
BREAKING: The number of weekly spot DEX trades on Solana has officially surpassed the NYSE for the first time in history.
This metric includes the number of individual onchain token swaps executed on decentralized exchanges built on Solana.
In the week ending September 13th, Solana saw ~208 million spot DEX trades, compared to ~190 million on the NYSE.
Meanwhile, the gap between the Nasdaq and Solana narrowed to ~47 million trades, the smallest gap on record.
The growth has been largely catalyzed by Jupiter, the largest trading platform on Solana, which has processed over 80 million trades this month, up +38% month-over-month.
To put this into perspective, Solana has now seen +185% growth in weekly spot DEX trade volumes compared to the lows seen in July.
Crypto markets are on fire.