Galaxy Research: Meme coins' share of Solana trading volume has fallen from over 50% in late 2024 to 15–20% in Q2 2026. SOL is down nearly 20% YTD, US-listed spot & staked SOL ETFs saw ~$50M in outflows over two consecutive weeks this month, and Solana's share of on-chain perp volume has dropped from 17% to 6%. The Solana Foundation says a transition is underway — moving away from meme coins and speculative trading toward stablecoins, tokenized assets, and other mainstream financial applications to win institutional adoption on Wall Street. But with the crypto market in a downturn and competitors like Hyperliquid rising, Solana faces a tough pivot. Analysts say the key question is whether it can attract stable assets, developers, and users — not just speculative volume. #Solana #Web3 #Crypto