1.55b in daily dex volume on a chain built for tokenized stocks. And memecoins are what's actually moving it. Split the "record" rwa number and it gets less impressive. 217m of that 390m is memecoin-stock pairs, only 127m is actual tokenized equities. The category carrying this chain's headline metric is mostly speculation wearing an rwa label. Fee revenue beating solana, base, and ethereum sounds huge until you remember why. Tens of thousands of memecoins launching daily means tens of thousands of fee-paying transactions. that's launch velocity, not usage. Tenev's emoji didn't answer anything… the volume already did.
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