🚨#Memecoins Dominate #Solana DEX Activity

January 2025:

🔹Memecoins made up 44% of all DEX volume.

🔹If excluding $SOL , stablecoins, and staking tokens: 99% of trading activity was memecoin-related.

April 2025:

🔹Memecoins dropped slightly to 35% of DEX volume.

🔹Adjusted trading activity (excluding major assets): 95% memecoins.

Implications

🔹Memecoins are central to Solana's onchain revenue, likely via trading fees and MEV.

🔹Solana’s high-throughput architecture enables it to handle this speculative demand better than most L1s.

🔹Sustainability remains a concern, but Solana’s infrastructure is positioning it as the go-to chain for future high-volume trading apps, possibly beyond memecoins.

$SOL 🤣going to dad!