According to a CoinGecko Research report published on September 30, 2026, SOL’s median market depth fell from roughly $28 million per side in 2025 to about $20 million per side in 2026, a decline of over 28.5%. The study, covering eight centralized exchanges from July 6 to September 3, 2026, found that MEXC led SOL liquidity at the market price with around $934,000 available, ahead of Binance and Coinbase. During significant price moves, depth often dropped to the $3 million to $4 million range per side. In contrast, Bitcoin saw market depth gains of nearly 50% over the same period, highlighting divergent trajectories across crypto assets.
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