Which chains led DEX volumes?

TLDR

Solana (SOL) led DEX volumes over the past week, with BNB Chain (BNB) and Ethereum (ETH) next in line per multiple market updates and analytics.

1. Solana was the dominant venue for on?chain spot trading, with BNB second and Base cooling off after earlier strength, per a market update. Solana remained dominant
2. Recent daily snapshots showed Solana topping 24h chain DEX volume (~$2.97B), with Ethereum around ~$1.03B second. Solana highest 24h volume
3. Over late?2025, share data suggests Solana ~26% and BNB ~20% of spot DEX volume lead. Shifting market share

Deep Dive

1. Weekly Leaders

Solana was consistently cited as the top chain by spot DEX volume this week, with BNB Chain second and Base cooling after a strong run earlier in the year.

1. A market roundup noted Solana remains the dominant venue for on?chain trading by volume, with BNB Chain a distant second, while Base saw a pullback. Solana remained dominant
2. A broader late?2025 summary reported spot DEX market share shifting away from Ethereum, with Solana ~26% and BNB ~20% over the last three months. Shifting market share

2. Daily Prints

Daily snapshots corroborate the weekly picture, with Solana frequently topping 24h chain DEX volumes and Ethereum or BNB alternating in second.

1. One 24h reading showed Solana at roughly $2.97B versus Ethereum at $1.03B. Solana highest 24h volume
2. Another snapshot had Solana near $2.93B, with BNB second around $1.60B. Yesterdays rankings

3. Perps Context

Perpetual DEX volumes (derivatives) have become multi?venue and multi?chain, fragmenting leadership even as spot DEX flows favor Solana.

1. Recent coverage highlighted Lighter and Aster outpacing Hyperliquid on 30?day perp volumes, with activity across Ethereum and BNB ecosystems. Perps leaders recent 30d
2. Weekly commentary called the perps wars and noted a competitive shift among venues, implying chain leadership in derivatives is fluid. Perps wars heating up

Conclusion

Solana led spot DEX volumes this week, with BNB Chain and Ethereum following. Daily snapshots reinforced Solanas top position, while perps volumes are spreading across multiple venues on Ethereum and BNB. If you prioritize liquidity, monitor Solanas spot DEXs for depth and watch BNB and Ethereum for evolving derivatives venue leadership.