Solana recorded more weekly trades than the New York Stock Exchange (NYSE) during one week in 2026, according to Fidelity Digital Assets. The milestone reflects increased trading activity on the blockchain, while SOL continued trading below $90.
Fidelity published the research on November 6, examining trading activity across Solana’s decentralized exchanges. The report also covered network upgrades, tokenized assets and transaction fee revenue.
Solana’s Weekly Trade Count Exceeds the NYSE
Fidelity analyst Max Wadington found that decentralized exchanges on Solana accounted for about 15% of trades recorded across major U.S. exchanges in 2026. One week, Solana’s transaction count also exceeded the NYSE’s.
The comparison is based on the number of executed trades, not the value of the assets exchanged. Solana primarily handles digital asset transactions, while the NYSE facilitates trading in listed securities. The figures therefore show differences in trading activity rather than the amount of money moving through either market.
There is another limitation to the comparison. A large share of U.S. stock trading takes place away from traditional exchanges. Nasdaq data showed that off-exchange venues accounted for roughly half of U.S. equity trading volume in 2025.
Solana Upgrades Aim to Support Higher Trading Volumes
Fidelity’s report also examined changes to Solana’s network performance. Slot times have stabilized at around 400 milliseconds, while developers are working toward reducing them to approximately 200 milliseconds. More predictable processing intervals could help trading applications execute transactions with less uncertainty.
The network’s maximum block capacity has also increased from 60 million to 100 million compute units. That represents a 66% increase, giving each block room to handle more computation. The higher limit also places greater demands on validators, making efficient network performance an important consideration as activity grows.
Fidelity discussed the Alpenglow consensus upgrade and other changes to transaction execution. During the January 2025 trading surge, median transaction fees stayed below one cent, according to the Solana news.
Tokenized Assets and Derivatives Broaden Solana’s Markets
Solana’s trading activity is no longer limited to cryptocurrencies and stablecoins. Tokenized Treasury products, equities, commodities, and private credit instruments have added new types of assets to its blockchain-based markets.
Monthly trading in tokenized assets on Solana has grown from less than $100 million to nearly $5 billion, according to figures cited in the report. However, these products do not all operate under the same conditions as freely transferable crypto tokens. Some have investor eligibility requirements, restrictions on transfers and specific ownership arrangements.
Derivatives have also become a substantial part of the network’s trading activity. Fidelity reported that platforms built on Solana processed more than $590 billion in perpetual futures notional volume over the preceding 12 months.
SOL Price Stays Below $90 as Selling Pressure Persists
The growth in network activity has yet to translate into stronger price performance for SOL. SOL crypto traded at approximately $89.59 on November 8, down around 19% over the past month. SOL crypto market capitalization stood near $52 billion.
Spot Solana exchange-traded funds also saw withdrawals. Preliminary fund data showed net outflows of approximately $24.2 million on November 6. SOL was also trading below its short-term moving averages at the time.
Technical estimates placed support near $87.02 and resistance around $91.44. These levels provide reference points for traders watching the Solana price prediction.
Fidelity also examined how Solana generates revenue from trading. The network collects base fees and priority fees, alongside payments linked to transaction ordering. Revenue from priority execution can vary with demand, meaning periods of lower trading activity may generate less income.
This article provides market information, not financial advice. Cryptocurrency prices carry substantial risks, and historical trading activity does not guarantee investment returns.
Kelvin is an experienced crypto journalist with over 6 years of experience backed by an Actuarial Science and English Degree. He has over 10,000 works published under his profile in several major media sites in the crypto, Web 3, and Finance sectors.
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