Solana has drawn recent consideration from Fidelity Digital Property after the funding agency’s newest analysis discovered that the blockchain accounted for roughly 15% of the trades measured in opposition to main U.S. exchanges in 2026, briefly surpassing the New York Inventory Trade in weekly executions.
Abstract
- Fidelity discovered Solana represented roughly 15% of in contrast change trades throughout 2026, measured by depend.
- Solana briefly exceeded New York Inventory Trade executions, though the 2 markets commerce completely different devices.
- Solana stated month-to-month tokenized asset buying and selling reached practically $5 billion, in contrast with underneath $100 million.
- Fidelity reported greater than $590 billion in Solana perpetual futures notional quantity over twelve months.
- SOL traded close to $89.59 on November 8, whereas Fidelity warned community income depends upon buying and selling.
Fidelity Digital Property, in its November 6 report, examined Solana’s buying and selling exercise, transaction prices, community efficiency and rising marketplace for tokenized monetary property. Senior digital property analysis analyst Max Wadington described the blockchain as an more and more aggressive buying and selling venue, though its exercise nonetheless differs from that of conventional inventory exchanges.
Solana promoted the findings on November 8, saying its share of the in contrast change exercise had risen from 0.30% in 2022. The community’s announcement pointed to rising tokenized-asset buying and selling and Fidelity’s evaluation of Solana as a possible a part of monetary market infrastructure.
Fidelity Compares Solana Buying and selling Exercise With U.S. Exchanges
The report discovered that Solana averaged roughly 15% of the change trades included in Fidelity’s comparability throughout 2026. At one level, its weekly commerce depend exceeded that of the New York Inventory Trade.
The measurement issues the variety of trades executed, not the greenback worth of property exchanged. Fidelity’s comparability makes use of decentralized spot change trades on Solana alongside exercise from conventional venues, the place transactions contain completely different devices, buying and selling guidelines and market contributors.
A lot of Solana’s exercise includes cryptocurrencies and different digital property. U.S. inventory exchanges, in the meantime, deal with regulated securities, with substantial buying and selling happening via various buying and selling methods and different off-exchange venues.
Fidelity cited Nasdaq analysis indicating that roughly 50% of U.S. fairness buying and selling quantity occurred away from exchanges in 2025. Consequently, the figures don’t set up that Solana handles 15% of the complete American securities market.
The funding agency however argued that the community’s means to course of massive numbers of trades deserves consideration alongside established monetary marketplaces.
“An rising piece of monetary market infrastructure,” Fidelity wrote, describing Solana’s rising function whereas acknowledging that scale alone doesn’t assure long-term success.
Solana Community Upgrades Help Sooner Buying and selling
Alongside buying and selling exercise, Fidelity examined enhancements meant to make transaction processing quicker and extra predictable for skilled merchants.
Its analysis famous that Solana’s slot occasions had stabilized close to 400 milliseconds, with builders working towards a longer-term goal of roughly 200 milliseconds. Extra predictable block manufacturing permits buying and selling purposes to plan round shorter processing intervals.
The community just lately raised its most block capability from 60 million to 100 million compute items, a 66% enhance. Compute items measure the processing sources consumed by transactions, so the upper restrict permits extra exercise inside particular person blocks.
One other growth includes Alpenglow, Solana’s upgraded consensus system. As crypto.information reported after mainnet activation, the improve went stay on October 21 and targets transaction finality close to 150 milliseconds.
An impartial October 23 measurement recorded median finality round 404 milliseconds, indicating that noticed efficiency remained above the community’s goal.
Fidelity recognized transaction inclusion, dependable execution and low charges as essential issues for market makers. Its evaluation famous that proprietary automated market makers more and more compete to supply costs and liquidity with out relying totally on standard decentralized liquidity swimming pools.
Tokenized Property and Perpetual Futures Increase Buying and selling
The report examined how Solana’s out there monetary merchandise have expanded past odd cryptocurrency spot buying and selling.
In its November 8 announcement, Solana stated month-to-month tokenized-asset buying and selling quantity had grown from lower than $100 million to almost $5 billion. Fidelity’s analysis charts the expansion of tokenized property, together with equities, Treasury merchandise, commodities and personal credit score devices.
Such merchandise stay topic to completely different possession preparations, investor eligibility necessities and switch restrictions.
In October, Securitize confirmed 12 tokenized stocks had been out there on Solana for eligible buyers, together with merchandise referencing Apple, Nvidia and Tesla.
Fidelity examined derivatives exercise as one other supply of buying and selling demand. Solana-based perpetual futures platforms processed greater than $590 billion in notional buying and selling quantity throughout the previous 12 months, in keeping with the report.
Perpetual futures permit merchants to take leveraged positions with out proudly owning the underlying asset, creating one other market the place contributors compete for execution.
Solana Value Falls as Fidelity Examines Community Income
Fidelity’s evaluation arrived whereas SOL continued buying and selling underneath stress.
Based on crypto.news market data, Solana traded close to $89.59 on November 8, down 0.36% over 24 hours and 19.24% throughout the earlier month. Its market capitalization stood round $52.95 billion, with every day buying and selling quantity close to $870.4 million.
Current Solana ETF withdrawals supplied one other measure of investor exercise. U.S. spot funds recorded roughly $24.82 million in mixed internet outflows on October 27 and 28.
Fidelity defined that Solana earns transaction-related income via base charges, precedence charges, validator voting prices and funds for transaction ordering, together with Jito ideas.
The report recognized buying and selling competitors as an essential income supply as a result of market makers and arbitrage merchants could pay further to safe worthwhile transactions.
Fidelity warned that income stays uncovered to altering buying and selling circumstances. Throughout weaker cryptocurrency markets, fewer worthwhile buying and selling alternatives can cut back demand for precedence execution and associated charges.
