BNB Chain Surpasses Solana in Memecoin Trading Volume

Blockchain

MARKET_WATCH

Date: June 16, 2025
Source: CryptoDnes

📊 Market Share Breakdown

BNB Chain: 45%

Solana: 25%

Ethereum: 20%

Others (Base, Arbitrum, Avalanche, Celo, Unichain): 5% combined

Data based on recent on-chain analytics.

🚀 Key Drivers of BNB Chain's Growth

Binance Alpha Program: Aimed at boosting liquidity and visibility for emerging memecoins.

Binance Launchpool: Facilitates token airdrops, attracting retail investors.

Airdrop Campaigns: Initiatives like the Spark airdrop have spurred increased activity.

Low Transaction Fees & High Speed: Enhances user experience, especially for smaller transactions.

⚠️ Market Dynamics

Solana's Decline: Market share dropped from 40% in April to 25%. Notable memecoin TRUMP saw a 3,000% surge in 24 hours, indicating ongoing interest.

Ethereum's Stability: Maintains a steady 20% share, serving as a foundational platform for DeFi applications.

🔮 Industry Outlook

Memecoin ETF Potential: Analysts, including Bloomberg's Eric Balchunas, suggest a memecoin-based ETF could launch in the U.S. by 2026, signaling growing institutional interest.