Meme Coin Trading Falls Below 30% of Solana DEX Volume as SOL-Stablecoin Pairs Surge

Key Takeaways:Meme coin transactions on Solana DEXs have dropped to under 30% of total trading volume.The share was over 60% at the end of 2024, highlighting a sharp decline in meme coin activity.SOL-stablecoin trading now accounts for the largest share since December 2023, signaling institutional-driven demand.Meme coin activity on Solana decentralized exchanges (DEXs) is cooling off. According to Wu, meme coin transactions now make up less than 30% of total trading volume, down sharply from over 60% in late 2024.In contrast, SOL-stablecoin trading pairs have surged in dominance, reaching their highest levels since December 2023. The shift suggests traders are moving away from speculative meme coins toward more liquid, institutional-friendly markets, with Solana’s role in stablecoin settlement continuing to expand.