Solana DEX Volumes Shift as Stablecoins Replace Meme Coin Speculation

Trading activity on Solana’s decentralized exchanges (DEXs) is undergoing a structural shift as meme coin speculation fades and stablecoin transactions gain momentum. Data from Blockworks shows that meme coins accounted for more than 60% of all Solana DEX activity in late 2024 and early 2025. That surge pushed Solana’s trading volumes to record highs, nearly doubling Ethereum’s during the same period. Meme Coins Now Account for Less Than 30% of Solana DEX Volume However, that growth proved unsustainable, as scandals and market distrust quickly reversed the trend source: https://beincrypto.com/solana-dex-traders-abandon-meme-coins/