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Solana leads decentralized exchange volume with $20B amid DeFi and memecoin surge

Market News
21 Sep 2026
Crypto Briefing
View Source
Bullish
Solana leads decentralized exchange volume with $20B amid DeFi and memecoin surge

Solana has become the top blockchain for decentralized exchange (DEX) volume, regularly exceeding $17 billion weekly and surpassing $3 trillion in cumulative trades. Key drivers include stablecoin swaps, memecoin transactions, and tokenized equities, with platforms like Raydium and Jupiter playing major roles. The rise of PropAMMs, which capture 15-30% of global DEX volume mostly on Solana, is enhancing liquidity and attracting more traders. This growth positions Solana ahead of many centralized exchanges and highlights a competitive, expanding DeFi ecosystem on the network.

Solana's price on Pluang surged 8.89% to Rp2,101,488 as of Sep 21, 2026 23:02 WIB, reflecting strong investor interest alongside its leading DEX volume. Raydium and Jupiter also saw notable gains, with Raydium up 11.76% at Rp31,769 and Jupiter rising 13.35% to Rp5,408. These price moves coincide with Solana's expanding DeFi ecosystem and its dominance in decentralized trading volumes.

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