Solana DEX volumes hit a new monthly record amid memecoin flow rotation
Aggregate Solana DEX volume crossed $90B in the trailing 30 days, with memecoin trading driving the marginal increase.
Solana decentralized exchange volume in the trailing 30 days crossed $90 billion this week, a new monthly record by a wide margin. Drilling into the composition, the marginal volume increase is driven primarily by memecoin trading on Raydium and Meteora.
Composition matters
The headline number is impressive, but the venue and token-mix details matter for interpreting durability. Memecoin volume tends to be sticky during retail attention cycles and fades quickly when attention moves elsewhere. Stablecoin pair and ETH-Solana bridge volume is a better proxy for “structural” DEX usage.
About the author
Aryan Patel
Editor-in-Chief · CMT charter-holder · 12 years in markets
Editor-in-chief at Digital Market Chronicle. Covers BTC, ETH and macro cross-currents. Previously ran a cross-asset trading desk. Believes in tight stops and tight prose.
