Solana liquidity shrinks 29% since 2025, MEXC leads market depth

MEXC: MEXC is a global cryptocurrency exchange known for offering fee-free trading and a broad range of digital assets. The CoinGecko liquidity study identifies it as having the deepest order book for SOL at market prices among evaluated platforms. This underscores its role in facilitating efficient SOL trading. Solana: Solana is a high-performance blockchain platform focused on fast transactions and support for decentralized applications and DeFi protocols. Its native token SOL is the subject of the liquidity analysis in the news. Recent industry reports continue to highlight activity in its ecosystem amid broader market discussions. Binance: Binance is a leading global cryptocurrency exchange providing extensive spot and derivatives markets. It is featured in the recent CoinGecko report on SOL liquidity alongside other major venues. The platform remains central to SOL trading volumes and market access. Coinbase: Coinbase is a U.S.-based cryptocurrency exchange offering regulated spot trading and institutional solutions. The CoinGecko study includes it in comparisons of SOL liquidity depth. It supports compliant access to SOL for a wide user base. Liquidity Study: A CoinGecko report published in late September 2026 analyzes order book depth for SOL across major centralized exchanges including MEXC, Binance, and Coinbase. Exchange Standing: MEXC leads in immediate market-price liquidity for SOL according to the findings from the recent CoinGecko research.