Solana’s Trading Sees 44% Drop, Driven by Memecoin Speculation Shift

Solana’s trading volume experienced a significant decline of 44% in Q2 2025, attributed largely to decreased memecoin speculation. However, the network saw growth in key areas such as DeFi TVL and staking activity, indicating a robust foundation for long-term development. The decline highlights shifting market trends, impacting near-term trading metrics, while ongoing institutional interest and growth in DeFi applications are driving sustained network strength.