- Binance Chain now leads memecoin DEX quantity at 45%, flipping Solana’s earlier dominance.
- Solana slips to 25% whereas Ethereum holds 20%; Cardano and others race to catch up.
- A memecoin-based ETF is perhaps on the horizon by 2026, signaling mainstream curiosity.
BNB Chain is abruptly the most well liked memecoin playground, pulling off a serious flex by overtaking Solana in every day buying and selling quantity. In accordance with contemporary on-chain information, Binance Chain now instructions 45% of whole memecoin DEX exercise, greater than double Solana’s 25% and means forward of Ethereum’s 20%. For context, BNB was solely at 25% again in April—so yeah, this bounce is kinda wild.
Solana Slips as Binance Pushes the Gasoline
Solana had its second within the highlight, particularly during the last 12 months, however the tide appears to be shifting. From dominating with 40% share in April, Solana’s fallen off a bit, now hanging onto second place with simply 25%. That’s a 15% nosedive, possible tied to memecoin fatigue and merchants rotating elsewhere. In the meantime, Binance Chain’s rise is fueled partially by its Alpha Program—a launchpad that provides newer initiatives liquidity and visibility. Nonetheless, it’s not all sunshine. Bondex (BDXN), for example, tanked after a Binance itemizing. Simply goes to indicate not each rocket makes it to the moon.
Ethereum Holds Regular, Others Attempt to Maintain Up
Whereas Binance is sprinting forward, Ethereum’s sitting agency with a 20% chunk of the memecoin pie. Base is barely hanging on with 5%, and the remaining—Arbitrum, Avalanche, Unichain, and Celo—are splitting what’s left. They’re making an attempt, but it surely’s a tough race on the market. Cardano, although, is making some noise recently. It simply teamed up with SNEK, its largest memecoin, by way of a strategic partnership with Enter Output. That could possibly be an indication it’s lastly warming up on this wild sector.
Memecoins Headed for ETF Standing?
Regardless of the shifting panorama, Solana memecoins aren’t executed but. TRUMP, a Solana-based memecoin, exploded 3,000% in below a day. Pump.enjoyable, a Solana memecoin launchpad, can also be rumored to be gunning for a $1 billion elevate. That’s large. In the meantime, Bloomberg analyst Eric Balchunas stirred the pot by suggesting a memecoin ETF would possibly hit markets by 2026. If that occurs, this complete sector might look loads totally different, actual quick.