Solana Surpasses All Blockchains in 24-Hour DEX Trading Volume Fueled by Memecoin Boom

Solana has claimed the top spot for decentralized exchange (DEX) trading volumes, significantly outpacing other blockchains. A surge of memecoins is driving this trend, accounting for a whopping 95% of non-stablecoin trades according to VanEck data. This activity is fueled by Jupiter, the leading DEX on Solana, capturing over 55% of trading volume. As Ethereum and its ecosystem witness reduced dominance in DEX fees due to Solana’s impressive growth, this shift sparks discussions about sustainability within the crypto community.