According to data from Blockworks, the trading volume of memecoins on Solana's DEX has fallen to just 17%, the lowest level since November 2023. While interest in memecoins has cooled, overall trading activity on the Solana network is still booming, with total monthly DEX volume currently 20 times higher than the same period last year.
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The proportion of memecoin on the DEX Solana has fallen to its lowest level in nearly a year.
According to data from Blockworks, the trading volume of memecoins on Solana's DEX has fallen to just 17%, the lowest level since November 2023. While interest in memecoins has cooled, overall trading activity on the Solana network is still booming, with total monthly DEX volume currently 20 times higher than the same period last year.