Solana DEX Volume Plummets, Threatening SOL’s Price Stability – Is This the End of Memecoins on Solana?
San Francisco, CA—Decentralized exchanges on the Solana blockchain are experiencing a decline in daily trading volume. Recent data from Artemis’ dashboard showed a drop in volume to $984 million on May 26th, down from over $1.5 billion just three days prior. This decline marks a significant shift from the record-high DEX volume of $60 billion in April, reflecting a cooling interest in Solana-based memecoins. The decrease in trading volume may suggest a waning enthusiasm for …