Solana is back at No. 2 in spot trading volume. the latest Blockworks data shows Solana processed $197.35B in Q3 spot volume, across CEXs and DEXs. that puts Solana ahead of Bybit at $139.64B and Coinbase at $141.29B. #Solana had lost the No. 2 position to Bybit in Q2, but reclaimed it in Q3. the gap is notable. Solana’s Q3 volume was roughly 41% higher than Bybit’s and only trailed Binance at $745.98B. this also follows a period where Solana’s DEX activity repeatedly ranked ahead of major centralized exchanges. Solana is increasingly competing with CEXs on trading volume, not just onchain activity. #BTC Price Analysis# #Solana flip Ethereum?# $SOL $BTC