Solana Memecoins Explode in May With $1B Volume Surge
Solana’s memecoin market is heating up fast. In May alone, daily trading volume jumped by $1 billion—a 46% increase from April—pushing monthly activity to $58.7 billion. Memecoins now make up over 64% of all trading on the Solana network.
This boom follows Bitcoin’s rally to a record $111,000, which helped lift broader crypto sentiment. On one day in early May, Solana’s memecoin volume hit $4.2 billion, the highest since February.