Solana Dex Volumes shift as Stablecoins Meme Coin Speculation – Bitrss – Crypto World News

Trading activity on Solana’s Decentralized Exchanges (DEXS) is undergoing a structural shift while speculation of meme coins fades and acquires stablecoin transactions.

Data from Blockworks shows that MEME coins were good for more than 60% of all Solana Dex activities at the end of 2024 and early 2025. That increase pushed Solana’s trade volumes to register highlights, so that Ethereum’s almost doubled in the same period.

Meme coins are now good for less than 30% of the Solana Dex volume

However, that growth turned out to be untenable, because scandals and the mistrust of the market quickly reversed the trend.

The recession began in February, after a series of controversies that are bound to token launches such as scales.

Earlier in January, projects such as Trump ($ 8.39) and Melania had fueled a wave of speculative excitement, which inspire dozens of imitators.

But frequent carpet and the collapse of scales undermined the trust of the retail trade, which led to a sharp contraction of trade volumes.

By September, the Meme Coin activity had fallen below 30% of the Solana Dex trade, the lowest share since February 2024.

This retreat in meme coin speculation coincided with a steep fall in active traders.

Dune Analytics -Data show that daily users on Solana Dexs reached a peak in January at 4.8 million, but went below 800,000 in September.

The Exodus emphasizes how closely user involvement was connected to short-lived token frenzies.

Traders turn to stablecoins for stability

In the meantime, the trade in Stablecoin has begun to take the place of this wave of speculative activity so far.

Blockworks data show that Swaps between SOL ($ 238.16) and Stablecoins rose to nearly 58% of the DEX volume, the highest level since November 2023.

At the same time, direct stablecoin-to-stablecoin transactions also received a grip, now that about 4% of the activities are making up.

Solana Stablecoin activity. Source: Blockworks

Together they mark a growing shift to assets that prefer liquidity and lower volatility.

The Solana Stablecoin eco system has indeed been extended to a peak of more than $ 12 billion compared to the $ 5 billion registered early this year.

This transition suggests that the Solana ecosystem matures past its memcoin tree. Traders seem to go to Stablecoins as safer, more versatile instruments – either for hedging, payments or institutional strategies.

Market observers noted that this indicates that although the hype -cycles of speculative tokens can continue to puncture the growth of Solana, the network steadily builds a more sustainable basis around stable, much assumed assets.

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