Memecoins Reclaim 29% of Spot Trading Volume on Solana DEX, Highest Since August 2025
Memecoins on Solana have surged back to account for 29% of the network's decentralized exchange (DEX) spot trading volume for the week of July 20-26, marking their highest share since August 2025. This represents a significant jump from the 10-15% levels seen just weeks prior. The resurgence is largely attributed to the explosive rise of the memecoin $ANSEM ("The Black Bull"), which saw an 18,000% surge in three days after its June launch and peaked at a market cap near $449 million, revitalizing trading activity on platforms like Pump.fun.
Despite this memecoin rally, the data refutes the simplified view of Solana as a memecoin-dominated chain. SOL-stablecoin pairs accounted for 37% of weekly volume, stablecoin-to-stablecoin swaps made up 22%, with foreign tokens, project tokens, and tokenized assets comprising smaller shares. Memecoins ranked second, not first.
The article highlights Solana's underlying strength beyond speculative activity. The network's stablecoin supply surpassed $15 billion in July and remained resilient during the 2026 market downturn. Furthermore, Solana leads all networks in the number of tokenized real-world assets (RWAs), hosting 2,582 such assets valued over $3.5 billion. Institutional adoption, evidenced by firms like Western Union and B2C2 utilizing the chain for settlements, underscores its growing utility. While memecoin volumes are cyclical, Solana's stablecoin and RWA ecosystems have shown consistent, counter-cyclical growth.
cryptonews.ruYesterday 07:06
