SOL traded at $75.18 with a $43.66B market capitalization as of July 1, 2026.
Key takeaways
- SOL traded at $75.18 with a $43.66B market capitalization as of July 1, 2026.
- Solana captured 31.22% of global DEX volume with $2.44B in 24-hour trading, despite DeFi TVL declining 10.53% over 30 days to $4.82B.
- USD-pegged stablecoins on Solana totaled $15.05B as of July 1, 2026, with USDT comprising only $2.26B and declining 14.07% over the prior month.
Solana Captures Nearly a Third of Global DEX Volume Even as DeFi TVL Contracts
Forget the price for a second. As of July 1, 2026, the number that actually says something about Solana is 31.22%: that’s the network’s cut of the $7.80 billion in on-chain DEX volume traded across all chains in the prior 24 hours, or $2.44 billion routed through Solana alone. Pair that with DEX volume up +64.71% over the trailing 30 days and you get a chain whose trading throughput is accelerating even while other on-chain gauges pull the other way.
Price and Market Cap
SOL traded at $75.18 on July 1, 2026, for a market capitalization of $43.66 billion. Up +2.18% over the prior 24 hours, the token’s day was quiet next to the sharper moves showing up elsewhere in the network’s data.
DeFi TVL: A 30-Day Decline
Total value locked in Solana DeFi came in at $4.82 billion on July 1, 2026, down from $5.38 billion 30 days earlier. That’s a 10.53% contraction over the month, and it points in exactly the opposite direction from surging DEX volume. Capital parked in protocols is shrinking; the pace of trading on top of it is not.
Stablecoins: A Large Base, a Shrinking USDT Share
USD-pegged stablecoins on Solana add up to $15.05 billion as of July 1, 2026. USDT makes up $2.26 billion of that, which works out to 1.22% of the $184.63 billion in global USDT circulation. And Tether’s Solana balance is falling: $2.63 billion on June 1, 2026 became $2.26 billion a month later, a 14.07% drop. At $2.26 billion against a $15.05 billion stablecoin base, USDT is a minority holding here, with other USD-pegged assets carrying most of the network’s stablecoin liquidity.
Why It Matters
- DEX volume share tracks real usage. Handling 31.22% of all on-chain DEX volume in a single 24-hour window means the settlement layer is being used, whatever price is doing.
- The TVL-versus-volume split is the story. TVL down -10.53% while DEX volume climbs +64.71% over the same 30 days says the capital still in Solana DeFi is turning over faster, not that fresh money arrived to power the volume.
- Stablecoin mix shapes liquidity reads. $15.05 billion in total stablecoins, of which USDT is just $2.26 billion and falling, means liquidity here is spread across issuers rather than resting on one asset.
- That 1.22% share of global USDT supply is a cross-chain marker for where Tether-denominated liquidity is settling, and where it isn’t.
Disclaimer: Market data is informational only and not investment advice. Figures are accurate as of the stated dates and change continuously.
Featured illustration is AI-generated.
Frequently Asked Questions
What was SOL’s price and market cap on July 1, 2026?
SOL traded at $75.18 with a market capitalization of $43.66 billion as of July 1, 2026, up 2.18% over the prior 24 hours.
How much of global DEX volume did Solana handle?
Solana accounted for 31.22% of all on-chain DEX volume, processing $2.44 billion out of $7.80 billion in global 24-hour DEX trading as of July 1, 2026.
Why is the gap between DeFi TVL and DEX volume significant?
DeFi TVL on Solana fell 10.53% over 30 days to $4.82 billion while DEX volume climbed 64.71% over the same period, indicating that existing capital is turning over faster rather than fresh money arriving to power the trading increase.
What is the status of stablecoins on Solana?
Total USD-pegged stablecoins on Solana stood at $15.05 billion as of July 1, 2026, with USDT representing only $2.26 billion (1.22% of global USDT circulation) and declining 14.07% over the prior month.
Data & sources
Every figure in this article is pulled from live on-chain data and linked to its source and the date it was read.
- Price: $75.18 (as of 2026-07-01) — source [API]
- 24-hour price change: +2.18% (as of 2026-07-01) — source [API]
- DeFi TVL: $4.82B (as of 2026-07-01) — source [API]
- DeFi TVL 30-day change: -10.53% (as of 2026-07-01) — source [API]
- DEX volume (24h): $2.44B (as of 2026-07-01) — source [API]
- DEX volume 30-day change: +64.71% (as of 2026-07-01) — source [API]
- Share of all DEX volume: +31.22% (as of 2026-07-01) — source [API]
- Total stablecoin supply on chain: $15.05B (as of 2026-07-01) — source [API]
- Stablecoin supply on chain: $2.26B (as of 2026-07-01) — source [API]
- Stablecoin 30-day supply change: -14.07% (as of 2026-07-01) — source [API]
- Stablecoin chain share: +1.22% (as of 2026-07-01) — source [API]
Methodology: every figure above links to its live on-chain source (DeFiLlama, CoinGecko) and the date it was read; analysis by Blockchain Magazine. Informational only, not investment advice.
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About the Author: John Brok
