Memecoins reach 25% of the cryptocurrency market volume on Solana
✨ Key Points:
Memecoins reached 25% of market volume, highlighting Solana's dominance.
Solana's memecoins surged due to political events.
Market share fell below 4% in April.
📢 Main Content:
At the peak of the first quarter of 2025, memecoins like Solana's $TRUMP played a crucial role in the cryptocurrency market, capturing a remarkable 25% of the total trading volume. This increase was primarily due to speculative investments. Solana became a central platform for these assets. Among the key players were Solana's DEXs, which recorded high levels of activity during the boom, as detailed in industry reports. The surge increased liquidity inflows, significantly impacting Solana-based projects. However, the momentum proved unsustainable, and market share fell below 4% in April, indicating a reduction in speculative interest.
