nicspics · Solana · Crypto made simple

Memecoins & market share

Every chain is growing the market. Solana is taking a bigger slice of it.

Solana's share of spot DEX volume across chains

Axis starts at zero. Q3 2026 was the ninth quarter in a row above 30%.

Source: Blockworks, Solana Token Holder Report Q3 2026 (published Oct 15, 2026)

DEX volume by chain, last 14 days ($B)

Excludes Robinhood Chain and any single trade above $25M. In those 14 days Solana traded more than Ethereum and Base combined.

Source: Dune dashboard “DEX volume by chain, 14d” (khiang), daily data Sep 24 – Oct 7, 2026

Average trade size, same 14 days ($)

Solana's volume comes from far more, far smaller trades: about 437M trades vs 5.5M on Ethereum. Low fees make small swaps worth doing.

Source: Dune dashboard “DEX volume by chain, 14d” (khiang), daily data Sep 24 – Oct 7, 2026

The memecoin cycle

Solana launchpad volume ($B)

Up 95%, the highest since Q3 2025. That makes it a comeback, not a record. 3.5M tokens launched in Q3; Pump took 92% of launchpad revenue and StonkFun about 7%.

Source: Blockworks, Solana Token Holder Report Q3 2026 (published Oct 15, 2026)

Memecoins' share of Solana spot DEX volume

SOL-stablecoin pairs were still the largest category, at about 40%.

Source: Blockworks, Solana Token Holder Report Q3 2026 (published Oct 15, 2026)

Fees: who earns the most

Network revenue (REV) by chain, Q3 2026 ($M)

Solana ranked 4th with an 11% share, up from 5th and 8% in Q2, and moved ahead of Ethereum. On Canton, fees are burned by apps rather than users.

Source: Blockworks, Solana Token Holder Report Q3 2026 (published Oct 15, 2026)

Solana REV by month, 2026 ($M)

Q3 total $75.7M, up 48% on Q2. It's the first quarterly increase since Q4 2024.

Source: Blockworks, Solana Token Holder Report Q3 2026 (published Oct 15, 2026)

Ethereum L2s: who has a story

Base is the biggest Ethereum L2 on open DEXs: $16.2B and 30.6M trades over 14 days (Dune dashboard “DEX volume by chain, 14d” (khiang), daily data Sep 24 – Oct 7, 2026).
Robinhood Chain took 12% of spot DEX volume in Q3 2026 (Blockworks, Solana Token Holder Report Q3 2026 (published Oct 15, 2026)). Its Pons launchpad passed $6B in cumulative Uniswap v4 hook volume on Oct 7, 2026 (Crypto Briefing).
MegaETH pitches speed: ~10 ms mini-blocks rolled into 1 s blocks, on mainnet since Feb 2026 (OpenChainBench, Oct 17, 2026; SwiftNodes, Oct 6, 2026). Usage is still small.

Not financial advice.