I don't think you guys understand how bullish it is that Solana leads spot volume
We've been talking about Perp volume all year long but Spot volume is so incredibly hard to attract AND retain
You can get better fills than on Binance, Coinbase and other CEXs for things like BTC ZEC and even HYPE.
It took years of massive effort to become the leader and it will take years for any competitor to rival Solana's retention.
For some reason, having distribution and a living ecosystem doesn't matter much nowadays.