In accordance with CoinPaper, Solana's memecoin trading volume has fallen to less than 5% of its daily DEX volume, reaching a two-year low as traders shift toward higher-liquidity assets. Despite the decline, Solana remains the top L1/L2 network in DEX activity, supported by low fees and strong execution. Analysts are monitoring price stability near key liquidity zones, with Solana trading at $137.43 after a 4% 24-hour drop but still up over 9% weekly. Arthur Hayes of BitMEX predicts long-term value will concentrate on Ethereum and Solana, with the latter needing a new growth catalyst to sustain momentum.
Solana Memecoin Volume Hits Two-Year Low, DEX Dominance Continues
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