Solana Dominates Memecoin Market with 67% Trading Volume Share
Solana has solidified its dominance in the memecoin market, capturing 67% of all trading volume across spot decentralized exchanges on September 7th. This is nearly three times the share of Robinhood Crypto, which accounted for only 23%. According to data from Blockworks, this marks a further expansion of Solana's already dominant position.
The daily volume breakdown shows that Solana has consistently held the majority of activity since mid-June, with its share remaining well above 50% for most of the period. Robinhood's portion rose into the low-to-mid 20s in recent weeks, while BNB Chain held about 9%, and smaller networks such as HyperCore and Ethereum each contributed 1% or less on the latest day.
Solana has maintained its lead in x402 activity for the second straight week, surpassing Base and all other blockchains in both transaction counts and trading volume. The protocol lets AI agents pay for APIs and online services with stablecoins.