Binance Chain Unseats Solana in Memecoin Trading Volume!

Updated

June 16, 2025

Gambar Binance Chain Unseats Solana in Memecoin Trading Volume!

Jakarta, Pintu News – Binance Chain now dominates the memecoin market by surpassing Solana in trading volume. According to recent data, Binance Chain now accounts for 45% of the total memecoin trading volume on decentralized exchanges (DEXs), leaving Solana and Ethereum with 25% and 20% respectively.

Binance Chain’s Rise to Dominance

Since April, Binance Chain has shown significant growth in the memecoin sector. In that month, memecoin trading volume on Binance Chain accounted for only 25% of total volume, but that figure increased sharply to reach 45% in July. The Binance Alpha program, designed to increase the visibility and liquidity of memecoins, has played an important role in this growth.

While not all memecoins on Binance Chain made it to the top, some of them experienced a sharp price drop after launch, as was the case with Bondex (BDXN). Solana, which previously dominated the memecoin market, is now in decline. From 40% dominance in April, it now only accounts for 25% of trading volume. This 15% drop puts Solana in second place, although someecoins on the platform, such as TRUMPecoin, are still showing spectacular price increases.

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Competition from Ethereum and Cardano

Ethereum remained stable by maintaining 20% of the memecoin trading volume. Meanwhile, Cardano has begun taking strategic steps to increase activity in its memecoin ecosystem. The recent collaboration between Input Output and SNEK, Cardano’s largest memecoin, is expected to boost activity in the ecosystem.

In addition, other platforms such as Base, Arbitrum, Avalanche, Unichain, and Celo together account for 5% of the trading volume, indicating that competition in this sector is heating up.

Future Prospects of Memecoin

Although Binance Chain is now leading the way, Solana is still performing impressively in the memecoin space. With memecoins like TRUMP rising 3,000% in less than 24 hours and platforms like Pump.fun planning to raise $1 billion in funding, it’s clear that interest in memecoins is still very high.

Analyst from Bloomberg, Eric Balchunas, even predicts the possibility of a memecoin-based ETF launching in 2026, signaling that this trend may continue to grow in the future.

Conclusion

With ever-changing dynamics and never-ending innovation, the memecoin market offers unique opportunities and challenges. Binance Chain’s ascension as the new leader marks a new chapter in the evolution of this ever-evolving crypto market.

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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.