2026-01-07 09:21:17

The meme coin market on Solana has recently experienced a new surge. According to on-chain data, a leading DEX platform's trading volume in the past 24 hours hit a record high of $1.28B.

Specifically, what is behind this number? Just looking at the platform's daily average trading volume, it reached $1.21B, while another platform within the same ecosystem contributed only $63.7M in trading volume— the gap is obvious. It is clear that users' trading demand is concentrating on the top platforms.

But here’s an interesting phenomenon: although trading volume is soaring, fee revenue seems somewhat modest. On January 5th, the fee income was only $2.98M. What does this indicate? Although the number of transactions and trading volume are high, the actual profit margin is still constrained by the inherent model itself.

Overall, the meme coin market on the Solana chain is indeed heating up, but whether it can sustain this momentum depends on future user engagement and market enthusiasm.

SOL2,82%

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· 01-07 09:50

1.28B in trading volume sounds impressive, but only 2.98M in fees? That's ridiculous, the hype for arbitrage is at its peak. Meme coins are like this—hot when they come, hot when they go. How long can the hype last? Top-tier platforms are making the big bucks, while smaller platforms are just getting by. This is an eternal truth. Trading volume is exploding, but profits are slim. Feels like working for the exchange? The Solana model probably won't last much longer; it will die as soon as the wind stops.

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GasWaster69

· 01-07 09:46

Wow, a trading volume of 12.8 billion with only 3 million in fees? How low must the profit margin be? Meme coins are like this—making money from trading volume but not profitable, a losing business. How long can this wave last? It feels like another short-term hype. Top platforms are taking the big share, while smaller platforms are left with crumbs. The ecosystem is too divided. With vampire attacks so severe, who will still pay fees? It still depends on whether there is real demand later on. Relying solely on hype won't last long. The era of making money from trading volume is over; now, making profits is the real key.

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LiquidatedThrice

· 01-07 09:36

128 billion trading volume? Only 2.98 million in fees, this price difference is too outrageous, feels like a wasted effort Meme coins are like this, high volume but no profit, who is really making money? Top DEXs are monopolizing, small platforms can't survive, the ecosystem is becoming more centralized It's just hype again, it will cool down next month, I've seen this too many times High trading volume = market activity? Not necessarily, I bet five dollars this hype won't last a week Such low fees must have issues, either bots are spamming orders, or the competition is too fierce

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MevSandwich

· 01-07 09:34

Haha, trading volume is exploding but the fees are dragging down the performance. This is the fate of meme coins. That's just how meme coins are—hot when they come, cold when they go. Waiting for next week to cool off. Wow, 1.28B in trading volume with only 2.98M in fees—that's a super low fee rate... Got it, low fees are the key to competitiveness. Focusing on the top? Normal, retail investors love to follow big platforms. The question is, how long can this hype last? Feels like it's going to be a mess again.

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TokenEconomist

· 01-07 09:28

actually, let me break this down—$1.28B volume sounds massive until u realize the fee structure here is fundamentally broken. think of it like traditional finance where u get huge transaction counts but razor-thin margins... ceteris paribus, this model collapses when memecoin hype dies off. the real question isn't volume, it's roi per transaction for liquidity providers, right?

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