Meme-Asset Trading Volume Falls Below 5% on DEXs

Market Shift Towards Utility Tokens

Meme-asset trading has declined to less than 5% of daily volume on decentralized exchanges, dropping significantly from over 50% on Solana DEXs as of June 2025, according to Blockworks Research.

The decline in meme-asset trading highlights a shift in market focus toward utility tokens, affecting liquidity flow and indicating evolving dynamics within the DeFi and broader cryptocurrency ecosystem.

The market has seen a decline as meme-asset trading volume drops below 5% on DEXs. Previously, these assets held a significant share, especially on Solana-based exchanges.

Blockworks Research data highlights this decline, signaling a shift in market interest. Meme-assets on Solana once accounted for over 50% of trading but have retraced significantly. “The significant concentration of Solana-based memecoins in DEX trading was noted earlier when they accounted for over 50%, illustrating the volatility in market dynamics.”

Immediate effects include a liquidity shift as traders move away from meme-assets. Solana and Ethereum networks remain central as traders pivot towards different tokens.

This trend highlights a growing focus on utility and governance tokens. Despite memecoins’ decline, Layer 1 projects like Ethereum and Solana maintain their influence. For more insights, see the BNB Half Year Report 2025 .

Overall, market participants demonstrate cautious optimism. Shifts towards more stable and functional tokens are evident. Developers appear more focused on Layer 1 and DeFi advancements.

Long-term implications may include stronger regulatory frameworks and technical roadmaps, reflecting a mature crypto ecosystem. Historical data suggests similar memecoin market cycles, reinforcing a potential trend toward stability. For a deeper understanding, explore Market Data for Treasury Companies by Blockworks.