CoinGecko Research’s 2026 Crypto Liquidity on CEXes Report found that MEXC posted the deepest order books at the market price for both SOL and DOGE among eight centralized exchanges it studied. The analysis covered a 60-day period from July 6 to September 3, 2026, and measured liquidity for five major non-stablecoin assets: BTC, ETH, XRP, SOL and DOGE.

According to the report, MEXC recorded about $934,000 in SOL order book liquidity at the market price and more than $443,000 for DOGE, placing it ahead of the other venues in those two pairs at that level. The findings point to strength close to the quoted price, while also showing that relative depth can change as orders are measured farther out in the book.

SOL depth led at the price, but competition increased further out

For SOL, CoinGecko said liquidity in 2026 was spread more evenly across exchanges than it had been a year earlier. Even in that more competitive environment, MEXC ranked first at the market price with roughly $934,000 in order book depth.

The report also said overall SOL liquidity was lower than 2025 levels, even as it became more distributed across venues. Away from the immediate price, the standings shifted: Bitget and Coinbase were reported to overtake MEXC beyond the plus-or-minus $0.20 range.

DOGE showed MEXC strength both near and beyond the quote

DOGE was the other asset where MEXC led at the market price. CoinGecko measured more than $443,000 in DOGE liquidity there, with only Binance, MEXC and OKX exceeding $200,000 among the exchanges reviewed.

The report said MEXC’s advantage in DOGE became more visible again farther from the market price. Past the plus-or-minus $0.0006, or 0.3%, range, it moved ahead of Binance and Bitget. Beyond the plus-or-minus 1% interval, MEXC’s DOGE liquidity was described as flattening at around $2 million on each side of the order book.

Report also looked at DOGE during market moves

CoinGecko’s study included observations from specific periods of market activity. On August 21, when DOGE market depth shifted alongside broader price moves, MEXC was identified as one of the venues that continued to show substantial depth across the book.

The report also observed that MEXC traders placed larger block orders around key price levels during later DOGE moves. Those points were presented as examples of how liquidity conditions evolved during more active trading periods, rather than as a constant ranking across every market scenario.

Why the findings matter and what comes next

Order book depth is commonly used as a measure of how much buying and selling interest is available around the current price. Deeper liquidity can help absorb orders with less price impact, which in turn may support steadier execution, especially in more active markets.

The source article also included comments from MEXC chief executive Vugar Usi Zade, who said liquidity is central to execution efficiency and price stability for retail traders. As a next step, MEXC said it plans to keep improving market depth and execution quality, while the CoinGecko report stands as the reference point for the July-to-September 2026 comparison across the eight exchanges studied.

Source: www.newsbtc.com