#BinanceHODLerPLUME Here is an illustrated chart showing changes in the transaction volume (on-chain transfer volume) of Dogecoin over time—a strong indicator of increasing business activity and public attention to uses such as DRC-20 tokens on the network.
The impact of meme coins on the market: by the numbers and analysis
1. Trading volume shows significant growth
From January to December 2024, the trading volume of meme coins increased by an astonishing 979%, accounting for 5.27% of the total trading volume in the cryptocurrency market (CoinDesk).
Although this percentage does not seem large compared to the massive size of the market, this pace is considered very high, especially in light of the dominance of Bitcoin and Ethereum.