After a Period of Decline, Solana Meme Coins Show Signs of Revival

Daily trading volume has surged significantly, and user activity has reached record highs, signaling a strong potential for a comeback.

Surge in Activity on Trading Platforms

According to information we cited from BeInCrypto, meme coin trading platforms such as Axiom recorded daily trading volumes exceeding US$100 million on April 14, accounting for around 50% of the Solana meme trading platform market share.

The number of users making transactions reached 26,800 — a new record high.

Meanwhile, Pump.fun launched PumpSwap, a new decentralized exchange (DEX) that quickly captured 14% of the Solana DEX market, with its daily trading volume increasing by up to 50% on April 15.

Impact on Solana (SOL) Price

The surge in meme coin trading activity also pushed the price of Solana (SOL) up more than 20% over the past week, recovering from its 12-month low.

This increase shows that interest in the Solana ecosystem is regaining strength, driven by the revival of the meme coin sector.

Challenges Ahead

Despite these positive signs, the meme coin sector on Solana still faces challenges.

Previously, pump-and-dump schemes and scandals such as LIBRA Argentina damaged the reputation of these assets.

However, with rising trading volumes and user activity, there is hope that this sector can repair its image and regain investor interest.

Conclusion

The rise in trading volume and user activity in Solana’s meme coin sector signals a strong comeback potential.

Although challenges remain, this positive momentum offers hope to investors and market participants that the Solana ecosystem may once again shine in the crypto world.