Citing Bitjie, Solana's decentralized exchanges (DEX) maintained weekly trading volume above $18.6 billion despite a sharp decline in memecoin activity. Over the past 100 days, memecoins' share of Solana DEX volume dropped from 34.8% in early August to below 9.1%, while tokenized assets and perpetual trading gained traction. Mid-sized traders (transactions between $1,000 and $10,000) increased their share of DEX activity to over 37%, and tokenized stocks saw a 240% rise in weekly volume share. Meanwhile, malicious trading volume on Solana surged 2.7 times to over $12.1 billion last week, with Pacifica dominating 47.8% of the activity.
Solana DEX Weekly Volume Exceeds $18.6B as Memecoin Activity Plummets
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