Crypto Liquidity Is Moving – Here’s Where the Money Is Going

12-Sep-2026 CoinPedia
Stacks of gold Ethereum tokens of increasing sizes surrounded by reach out hands against a pink background.

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Crypto liquidity is becoming increasingly divided across networks and market sectors. Ethereum and Tron still hold the largest stablecoin reserves, while Solana is leading spot DEX activity and Hyperliquid dominates on-chain perpetual trading. The latest on-chain data shows that the largest stablecoin base does not necessarily translate into the highest trading activity. Solana is generating …

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