Solana DEX volume hits $60 billion, RWA value reaches $5 billion in October 2026

Solana recorded $60 billion in decentralised exchange (DEX) trading volume during October 2026, marking one of its most active months to date. The network also reached an all-time high of $5 billion in real-world asset (RWA) value, signaling increased institutional adoption and expanded financial applications on its blockchain. On October 21, Solana activated the Alpenglow upgrade on its mainnet, replacing the TowerBFT protocol that had powered the network since its initial launch in 2020. This new consensus mechanism, developed by infrastructure firm Anza, aims to achieve transaction finality in around 150 milliseconds. Previously, Solana’s transaction finality averaged approximately 12.8 seconds. Alpenglow seeks to improve settlement speed for applications that require rapid confirmation, including trading platforms, institutional services, and payments.

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