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On top of any exchange
| Exchange | 24h Volume | 24h Change | 7d Change | Share |
|---|---|---|---|---|
 |
$1.74B | -29.6% | -37.1% | |
 |
$1.33B | -27.9% | -12.9% | |
 |
$871.5M | -28.9% | -25.1% | |
 |
$613.5M | -33.2% | -36.1% | |
 |
$302.1M | -18.0% | -17.3% | |
 |
$248.7M | -23.6% | -37.1% | |
 |
$181.5M | -41.0% | -51.6% | |
 |
$61.4M | -27.7% | -28.5% | |
 |
$39.9M | -30.7% | -55.7% | |
 |
$32.6M | -21.1% | -57.0% | |
 |
$19.6M | -18.2% | -47.9% | |
 |
$16.9M | -5.0% | -37.9% | |
 |
$14.0M | -43.9% | +20.8% |
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Trading volume is the total value of SOL perpetual contracts traded over a period — a direct measure of how much activity and liquidity a market is seeing. High volume means tight spreads and easy execution; thin volume means slippage and unreliable prices. Aggregated across every venue PerpDexWars tracks, this gives a complete picture of where Solana is actually being traded, not just one exchange's slice.
Volume is often confused with open interest, but they measure different things. Open interest is a stock — how much leverage is currently deployed. Volume is a flow — how much changed hands. A market can have rising volume with flat open interest (lots of trading, little net new positioning) or the reverse. Reading them together separates genuine trend participation from noise.
The per-venue breakdown matters for execution and for reading flow. When SOL volume concentrates on one or two venues, that is where price discovery is happening and where large orders can be filled. A sudden volume spike on a specific exchange often precedes or accompanies a sharp move, as it signals a wave of activity hitting that book first.
Solana (SOL) trading volume is the total notional value of perpetual contracts traded over a given window — here, the last 24 hours — aggregated across the venues PerpDexWars tracks. It measures market activity and liquidity: how much SOL is actually changing hands.
Volume is a flow — the total value traded over a period. Open interest is a stock — the total value of positions currently open. A single contract traded back and forth ten times adds ten times to volume but nothing net to open interest. High volume with rising open interest signals fresh positioning; high volume with flat open interest signals churn.
Because liquidity is not evenly spread. The venues carrying the most SOL volume are where price discovery happens and where large orders fill with least slippage. Watching the per-venue split shows where the real market is and helps spot when activity is shifting from one exchange to another.
A sharp rise in volume usually accompanies a significant price move or a shift in market regime — a breakout, a liquidation cascade, or a news reaction. Volume confirms conviction: a price move on rising volume is more likely to hold than the same move on thin volume, which often fades.
Volume is collected from exchange candle feeds and aggregated continuously. The 24-hour figures refresh on a short cycle, and the per-venue change compares the current window against the immediately preceding 24 hours.