Solana News: Adoption Expands Across Exchanges, Dominant On Binance
The post Solana News: Adoption Expands Across Exchanges, Dominant On Binance appeared on BitcoinEthereumNews.com.
Key Insights Solana spot trading on exchanges in November reveals improving adoption. Deeper liquidity on Binance reveals why SOL investors should closely monitor the cryptocurrency’s movement on the exchange. Order book data reveals low confidence among whales. Here’s how that could influence SOL price movements. November was an overall bearish period for the market, especially in price movements, but Solana still maintained positive growth in key areas. The Solana network has been growing, but just how much has it grown in recent times? The Solana network reportedly accounted for $66.1 billion in trading volume in November. This was the lowest monthly volume recorded in 5 months. This was no surprise considering the market cooled down substantially over the last 3 months or so. Nevertheless, things were a bit more exciting on exchanges as far as Solana growth was concerned. Recent data revealed that Binance held the dominant share of SOL trading volumes at $35.6 billion in November. This was more than half of the total SOL trading volumes on exchanges. Beyond the whale’s scope, SOL still managed to achieve overall positive net spot inflows by more than $21 million in the last 2 days. This could indicate that retail buyers have been aggressively buying in anticipation of more recovery. SOL spot trading volumes by exchanges/ source: CryptoQuant SOL trading volumes on the Coinbase exchange were third around the world. This demonstrated that the U.S contributed a significant amount of the monthly volumes. A clear sign of rising demand among U.S.-based investors. Why Solana Volume Dominance on Binance May be Ideal for Investors One of the key takeaways from the Solana spot trading volumes on exchanges report was the dominant volumes on Binance. It achieved this courtesy of its position as the largest exchange by trading volumes. This dominance means Binance…
Filed under: News - @ December 5, 2025 2:31 am