BNB Overtakes Solana - Memecoins 🚀🤯
After months of leading memecoin trading activity, Solana is now seeing a slowdown. According to on-chain data, BNB Chain has surpassed Solana to become the blockchain with the highest memecoin DEX trading volume.
🔹 BNB Chain now holds 45% of the total memecoin DEX volume — more than double that of Solana and Ethereum.
🔹 Back in April, BNB Chain only contributed 25% of the total volume, highlighting a sharp increase by July.
🔹 Meanwhile, Solana's share dropped to 25%, down from 40% in April, marking a 15% decline following a strong 12-month dominance in the sector.
🚀 The surge in BNB Chain activity is largely attributed to Binance’s Alpha Program, which boosts visibility and liquidity for memecoins. While it incubates high-potential projects, not all succeed — Bondex (BDXN), for example, crashed after being listed due to heavy profit-taking.
📈 Ethereum maintains a steady 20% share, while Base holds 5%. Arbitrum, Avalanche, Unichain, and Celo together account for the remaining 5%, as memecoin ecosystems grow increasingly competitive.
🔥 Despite the shift, Solana memecoins still generate buzz:
The TRUMP memecoin surged 3,000% in under 24 hours.
The memecoin launchpad Pump.fun is aiming to raise $1 billion.
🐍 On the Cardano side, ecosystem activity is ramping up. Last week, Input Output partnered with SNEK, Cardano’s largest memecoin, in a strategic collaboration to boost engagement.
📅 Looking ahead, Bloomberg analyst Eric Balchunas predicts a memecoin-based ETF could emerge by 2026, signaling growing institutional interest in the space.
