Solana Memecoins Divert Attention from NFT Markets

2025-12-29 17:31

Trading activity is increasingly shifting from NFT markets to Solana-based memecoins, as traders are drawn to the network's low fees and rapid transaction speeds. While NFT trading remains concentrated on platforms like OpenSea and Blur, Solana tokens such as PEPE and Dogecoin are experiencing robust daily turnover. CoinMarketCap data highlights consistent volume for these top memecoins, supported by Solana's capacity for high-frequency trading. According to Dune Analytics, NFT activity is on the decline, with smaller platforms losing market share. Traders are gravitating towards more liquid and accessible assets, channeling capital into Solana's efficient ecosystem, which offers a compelling alternative to traditional NFT markets.

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