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- Welcome Kevin_Lee to the Gate Square! 🎉
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Solana accounts for 25% of the volume of memes related to DEX, second only to BNB Chain.
Gate News bot, on-chain data shows that BNB Chain currently accounts for 45% of the (DEX) trading volume of all decentralized exchanges related to meme coins, up from 25% in April. Solana's share has dropped to 25%, while Ethereum's share is a close second at 20%.
Solana's dominance has declined after months of explosive activity. Since April, its share has dropped by 15 percentage points, but there are still highlights in the ecosystem. For example, pump.fun is planning to raise $1 billion.
Ethereum maintains a stable share of 20%, while Base occupies 5%. Other blockchains, such as Arbitrum, Avalanche, Celo, and Unichain, collectively account for 5%, indicating that the diversity of the memes ecosystem is increasing.
Currently lagging behind the frontrunner, Cardano is striving to enhance its influence. Developer Input Output has partnered with Cardano's top meme coin SNEK to jointly promote meme coin trading activities.
At the same time, Bloomberg senior ETF analyst Eric Balchunas predicts that memes ETF may land on the US market in 2026, which will further consolidate the sector's growing position in the digital asset field.
Source: Cryptodnes