CoinGecko Research's 2026 Crypto Liquidity on CEXes Report has highlighted MEXC as the top exchange for order book liquidity at the market price for both Solana (SOL) and Dogecoin (DOGE). The study, which analyzed order book depth for the five largest non-stablecoin assets—Bitcoin, Ethereum, XRP, SOL, and DOGE—across eight exchanges over a 60-day period from July 6 to September 3, 2026, found MEXC leading in these two key assets.
For SOL, MEXC recorded approximately $934,000 in order book liquidity at the market price, the highest among the exchanges studied. This comes as SOL liquidity became more evenly distributed across exchanges in 2026 compared to the previous year, despite an overall decline in liquidity from 2025 levels. Beyond the immediate market price, other venues such as Bitget and Coinbase gained depth, overtaking MEXC past the ±$0.20 range.
In the DOGE market, MEXC reported more than $443,000 in order book liquidity at the market price, also the highest among the exchanges studied. Only Binance, MEXC, and OKX exceeded $200,000 at this level. Further from the market price, MEXC regained the lead past the ±$0.0006 (0.3%) range, surpassing Binance and Bitget, and its liquidity leveled off beyond the ±1% interval at roughly $2 million on each side of the order book.
The report also examined DOGE liquidity during individual market events. On August 21, as DOGE market depth shifted alongside broader price movements, MEXC remained among the venues showing substantial depth across the order book. The report's observations also found that MEXC traders placed larger block orders around key price levels during subsequent DOGE price movements.
Vugar Usi Zade, CEO of MEXC, emphasized the importance of liquidity for retail traders, stating, "For retail traders, liquidity is fundamental to market quality. It determines execution efficiency, price stability, and the ability to enter or exit positions with confidence." He added, "Deep liquidity is therefore central to how MEXC lowers barriers to trading and provides more efficient access to global market opportunities."
Overall, the findings indicate that MEXC maintains strong liquidity close to the market price for both SOL and DOGE, with its DOGE depth extending further into the order book. For traders, deeper liquidity can support more efficient execution by allowing orders to be absorbed with less impact on market prices.
Looking ahead, MEXC plans to continue strengthening market depth and execution quality as part of its broader effort to provide users with a more efficient trading experience under its "Infinite Opportunities" vision. Founded in 2018, MEXC is a global multi-asset trading platform offering zero-fee access to crypto, stocks, tokenized assets, derivatives, and other TradFi-linked opportunities across 170+ markets.
This article is for informational purposes only and does not constitute financial advice.
