Big Changes at DEX Solana: Stablecoins Replace Meme Coin Speculation

Jakarta, Pintu News – The decentralized exchange (DEX) market on the Solana (SOL) network is experiencing a significant shift. Trading activity that was previously dominated by meme coin speculation is now shifting to more stable stablecoin transactions.

Meme Coin’s Decline in Dominance

The meme coin that was the belle of the ball on Solana’s DEX is now starting to lose its luster. At the beginning of the year, tokens such as TRUMP and MELANIA sparked a wave of high speculation, but a series of scandals such as the LIBRA crash have undermined investor confidence.

As a result, in September, the contribution of meme coins to Solana’s DEX trading volume fell below 30%, the lowest figure since February 2024. This decline was also followed by a reduction in the number of active traders, from a peak of 4.8 million daily users in January to less than 800,000 in September.

The repeated failures and scams that have occurred in the launch of several tokens have reduced the interest of retail investors. Data from Dune Analytics shows that this fragile market confidence is forcing many traders to seek safer and more stable investment alternatives.

Also Read: 3 Big Liquidation Risks in the Crypto Market in September 2025 that Traders Need to Be Aware of

Increased Stablecoin Trading

In response to market volatility, traders are now favoring stablecoins as a primary trading instrument. Data from Blockworks shows that transactions between Solana (SOL) and stablecoins like Tether (USDT) accounted for nearly 58% of total DEX volume, the highest figure since November 2023.

In addition, stablecoin-to-stablecoin trading has also increased, now accounting for around 4% of trading activity. This shift signals that the Solana ecosystem is moving from a speculative phase to a more mature and stable one.

With the total value of stablecoins in the ecosystem increasing from $5 billion at the beginning of the year to over $12 billion, it’s clear that there is an increased trust and need for liquid and less volatile assets.

Solana’s Future Prospects

While the hype cycle of speculative tokens may still continue, the Solana network seems to be building a stronger foundation with a focus on stable and widely used assets.

Market observations show that this transition is not just a phase, but rather an evolution of the Solana ecosystem that shows maturity and adaptation to changing market needs.

With stablecoins as the primary choice, Solana has the potential to become more attractive for institutional strategies and cross-border payments. This signals a new era for Solana, where stability is key to long-term growth.

Conclusion

The changes taking place in Solana’s DEX mark a new era in crypto, where security and stability are top priorities. The shift from meme coin speculation to stablecoin trading demonstrates the market’s adaptation to the needs of today’s investors. With a stronger foundation, Solana is ready to face future challenges and meet the expectations of the global market.

Also Read: Uniswap Price Prediction 2025-2031: Will UNI Remain Stable?

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This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• BeInCrypto. Solana DEX Traders Abandon Meme Coins. Accessed on September 22, 2025