Solana Memecoin Volume Hits Two-Year Low
Posted: Wed Dec 03, 2025 8:38 am
The memecoin frenzy on Solana DEXs is cooling down. Recent on-chain data shows that memecoins now account for less than 5% of daily trading volume — the lowest level since their activity began accelerating two years ago. For context, this marks a significant drop in attention compared to the height of the memecoin craze, when these tokens dominated liquidity and social chatter.
Despite the decline in memecoin trading, Solana’s decentralized exchanges remain remarkably active. In fact, overall DEX volume on Solana is still higher than the combined trading activity of most other Layer 1 and Layer 2 chains. This highlights that while speculative frenzy has waned, users continue to engage with serious DeFi tokens, NFTs, and other projects on Solana, making it a hub for both innovation and liquidity.
The shift reflects a maturation in Solana’s ecosystem. Traders are moving away from purely hype-driven assets toward utility-driven tokens, staking, and more structured DeFi strategies. It’s a natural correction following the explosive memecoin wave, and it may benefit long-term investors by reducing volatility and promoting sustainable growth.
In short, memecoin hype may be fading, but Solana’s DEXs are thriving on real adoption. The network continues to prove that even with speculative activity down, its ecosystem is robust, active, and leading in volume compared to other blockchain platforms.
Despite the decline in memecoin trading, Solana’s decentralized exchanges remain remarkably active. In fact, overall DEX volume on Solana is still higher than the combined trading activity of most other Layer 1 and Layer 2 chains. This highlights that while speculative frenzy has waned, users continue to engage with serious DeFi tokens, NFTs, and other projects on Solana, making it a hub for both innovation and liquidity.
The shift reflects a maturation in Solana’s ecosystem. Traders are moving away from purely hype-driven assets toward utility-driven tokens, staking, and more structured DeFi strategies. It’s a natural correction following the explosive memecoin wave, and it may benefit long-term investors by reducing volatility and promoting sustainable growth.
In short, memecoin hype may be fading, but Solana’s DEXs are thriving on real adoption. The network continues to prove that even with speculative activity down, its ecosystem is robust, active, and leading in volume compared to other blockchain platforms.