BNB Chain Overtakes Solana as Top Blockchain for Memecoin Trading

Binance’s BNB Chain has emerged as the new leader in memecoin trading volume, dethroning Solana after a year-long reign.

On-chain data shows that BNB Chain now commands 45% of all decentralized exchange (DEX) volume tied to memecoins, up from just 25% in April. Solana has dropped to 25%, while Ethereum trails with a 20% share.

The surge in activity on BNB Chain is closely tied to the Binance Alpha Program, an initiative aimed at boosting visibility and liquidity for new memecoins. While the program has helped some tokens gain traction, not all launches have been successful — the recent Bondex (BDXN) crash post-listing highlights the volatility in the space.

Solana’s fall from dominance follows months of red-hot activity. Its share has slid by 15 percentage points since April, but the ecosystem continues to see standout moments. The TRUMP memecoin recently jumped 3,000% in under 24 hours, and Pump.fun is planning a $1 billion raise for future launches.

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Ethereum maintains a solid 20% share, while Base holds 5%. Other chains like Arbitrum, Avalanche, Celo, and Unichain collectively contribute another 5%, indicating growing diversity in memecoin ecosystems.

Cardano, currently behind the frontrunners, is working to boost its presence. Developer Input Output has joined forces with Cardano’s top memecoin, SNEK, in a new push to ignite memecoin trading activity.

Meanwhile, Bloomberg’s Eric Balchunas has predicted that a memecoin ETF could hit U.S. markets by 2026, further cementing the sector’s growing role in the digital asset landscape.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.