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Points of Focus
- Solana held near $105 as 24-hour DEX volume reached $2.53 billion.
- Stablecoin supply rose about $743 million in seven days to $16.38 billion.
- Weekly DEX volume remains 7.16% lower despite the stronger daily reading.
Solana (SOL) traded at $104.95 on Sept. 9 as decentralized exchange (DEX) volume reached $2.53 billion over 24 hours and stablecoin market capitalization climbed to $16.38 billion.
SOL is 7.8% above its Sept. 2 low of $97.40 but remains 2.2% below the Sept. 6 high near $107.28.
Solana DEX volume tops $2.5 billion as trading stays elevated
DefiLlama data shows Solana DEXs processed $2.525 billion over the past 24 hours.
Seven-day volume stands at $15.644 billion, or about $2.24 billion per day, putting the latest 24-hour reading roughly 13% above the trailing daily average.
The daily reading is stronger than the recent average, but weekly volume remains 7.16% below the previous week. Pump led Solana DEX activity with $873.4 million over 24 hours, followed by Raydium at $302.4 million and Meteora at $204.7 million.
SolanaFloor posted on Sept. 7 that Solana had exceeded Bybit, Coinbase, and Kraken in weekly DEX spot volume for an 11th consecutive week, ranking behind only Binance. The 11-week ranking gives the latest $2.5 billion daily reading broader context, though current weekly volume remains below the previous seven-day period.
📈DATA: @Solana has surpassed major CEXs, including @Bybit_Official, @coinbase, and @krakenfx, in weekly DEX spot trading volume for the 11th consecutive week, ranking second only to Binance. pic.twitter.com/97nPIkYQCK
— SolanaFloor (@SolanaFloor) September 7, 2026
Solana stablecoin supply reaches $16.38 billion
DefiLlama shows Solana stablecoin market capitalization at $16.379 billion, up about $743 million, or 4.75%, over seven days and 5.68% over 30 days.
USDC (USDC) remains the largest stablecoin on Solana at $7.327 billion after growing 8.96% over the past week. That increase works out to $602 million, accounting for 81% of Solana’s total seven-day stablecoin growth.
USDC also represents about 44.7% of Solana’s stablecoin base. Most of the weekly increase therefore came from one asset rather than broad growth across all stablecoins. Tether’s USDt (USDT) moved the other way, falling 2.45% over the same period to $2.765 billion.
The increase expands stablecoin liquidity available on Solana, but it doesn’t automatically create spot demand for SOL. Solana’s DeFi total value locked (TVL) stood at $5.93 billion and was down about 1% over 24 hours, while the token remained below its Sept. 6 high.
At $104.95, SOL was $2.33 below its Sept. 6 peak near $107.28.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency prices are highly volatile. Always conduct your own research before making investment decisions.
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