• bitcoinBitcoin (BTC) $ 59,463.00
  • ethereumEthereum (ETH) $ 3,177.22
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 534.98
  • solanaSolana (SOL) $ 144.06
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,176.80
  • xrpXRP (XRP) $ 0.519499
  • the-open-networkToncoin (TON) $ 7.28
  • dogecoinDogecoin (DOGE) $ 0.112845
  • cardanoCardano (ADA) $ 0.430276
  • tronTRON (TRX) $ 0.139845
  • avalanche-2Avalanche (AVAX) $ 26.01
  • shiba-inuShiba Inu (SHIB) $ 0.000017
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 59,396.00
  • polkadotPolkadot (DOT) $ 6.19
  • chainlinkChainlink (LINK) $ 12.96
  • bitcoin-cashBitcoin Cash (BCH) $ 376.92
  • uniswapUniswap (UNI) $ 8.16
  • nearNEAR Protocol (NEAR) $ 5.34
  • leo-tokenLEO Token (LEO) $ 5.80
  • daiDai (DAI) $ 0.999692
  • litecoinLitecoin (LTC) $ 70.01
  • matic-networkPolygon (MATIC) $ 0.528209
  • wrapped-eethWrapped eETH (WEETH) $ 3,309.62
  • kaspaKaspa (KAS) $ 0.169661
  • internet-computerInternet Computer (ICP) $ 8.80
  • pepePepe (PEPE) $ 0.000009
  • ethena-usdeEthena USDe (USDE) $ 0.999328
  • ethereum-classicEthereum Classic (ETC) $ 22.32
  • aptosAptos (APT) $ 6.43
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 1.18
  • stellarStellar (XLM) $ 0.100377
  • moneroMonero (XMR) $ 156.55
  • hedera-hashgraphHedera (HBAR) $ 0.071359
  • makerMaker (MKR) $ 2,728.22
  • blockstackStacks (STX) $ 1.67
  • crypto-com-chainCronos (CRO) $ 0.091861
  • filecoinFilecoin (FIL) $ 4.27
  • cosmosCosmos Hub (ATOM) $ 6.18
  • render-tokenRender (RNDR) $ 6.13
  • mantleMantle (MNT) $ 0.723986
  • okbOKB (OKB) $ 39.37
  • vechainVeChain (VET) $ 0.029107
  • arbitrumArbitrum (ARB) $ 0.697522
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,218.76
  • immutable-xImmutable (IMX) $ 1.34
  • injective-protocolInjective (INJ) $ 20.48
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.999721
  • suiSui (SUI) $ 0.768489
  • optimismOptimism (OP) $ 1.71
  • bittensorBittensor (TAO) $ 261.54
  • the-graphThe Graph (GRT) $ 0.192304
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,555.55
  • bonkBonk (BONK) $ 0.000024
  • dogwifcoindogwifhat (WIF) $ 1.65
  • arweaveArweave (AR) $ 24.77
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,300.42
  • notcoinNotcoin (NOT) $ 0.015324
  • aaveAave (AAVE) $ 100.87
  • lido-daoLido DAO (LDO) $ 1.67
  • bitget-tokenBitget Token (BGB) $ 1.04
  • ondo-financeOndo (ONDO) $ 0.999282
  • theta-tokenTheta Network (THETA) $ 1.42
  • flokiFLOKI (FLOKI) $ 0.000146
  • whitebitWhiteBIT Coin (WBT) $ 9.54
  • fantomFantom (FTM) $ 0.487288
  • thorchainTHORChain (RUNE) $ 3.71
  • celestiaCelestia (TIA) $ 6.20
  • algorandAlgorand (ALGO) $ 0.145037
  • jasmycoinJasmyCoin (JASMY) $ 0.024307
  • based-brettBrett (BRETT) $ 0.117054
  • pyth-networkPyth Network (PYTH) $ 0.305967
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 3,168.53
  • jupiter-exchange-solanaJupiter (JUP) $ 0.785671
  • quant-networkQuant (QNT) $ 71.62
  • sei-networkSei (SEI) $ 0.325867
  • coredaoorgCore (CORE) $ 1.10
  • elrond-erd-2MultiversX (EGLD) $ 35.63
  • gatechain-tokenGate (GT) $ 7.18
  • flare-networksFlare (FLR) $ 0.019908
  • mantra-daoMANTRA (OM) $ 1.08
  • kucoin-sharesKuCoin (KCS) $ 9.18
  • flowFlow (FLOW) $ 0.575453
  • akash-networkAkash Network (AKT) $ 3.43
  • axie-infinityAxie Infinity (AXS) $ 5.58
  • eosEOS (EOS) $ 0.548355
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,230.48
  • ethereum-name-serviceEthereum Name Service (ENS) $ 25.51
  • dydx-chaindYdX (DYDX) $ 1.33
  • bitcoin-svBitcoin SV (BSV) $ 40.48
  • tokenize-xchangeTokenize Xchange (TKX) $ 9.98
  • galaGALA (GALA) $ 0.021726
  • bittorrentBitTorrent (BTT) $ 0.00000082
  • beam-2Beam (BEAM) $ 0.015531
  • tezosTezos (XTZ) $ 0.785657
  • msolMarinade Staked SOL (MSOL) $ 173.32
  • neoNEO (NEO) $ 10.77
  • fasttokenFasttoken (FTN) $ 2.35
  • usddUSDD (USDD) $ 1.00
  • starknetStarknet (STRK) $ 0.563497
  • the-sandboxThe Sandbox (SAND) $ 0.315462
  • zebec-protocolZebec Protocol (ZBC) $ 0.014087
  • roninRonin (RON) $ 2.12
  • ordinalsORDI (ORDI) $ 33.23
  • gnosisGnosis (GNO) $ 264.79
  • ethenaEthena (ENA) $ 0.399702
  • lido-staked-solLido Staked SOL (STSOL) $ 169.42
  • fraxFrax (FRAX) $ 0.997477
  • nexoNEXO (NEXO) $ 1.15
  • mog-coinMog Coin (MOG) $ 0.000002
  • frax-etherFrax Ether (FRXETH) $ 3,171.42
  • decentralandDecentraland (MANA) $ 0.331878
  • conflux-tokenConflux (CFX) $ 0.146131
  • ecasheCash (XEC) $ 0.000031
  • chilizChiliz (CHZ) $ 0.068368
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,421.59
  • pendlePendle (PENDLE) $ 3.83
  • tether-goldTether Gold (XAUT) $ 2,411.27
  • safeSafe (SAFE) $ 1.39
  • zksyncZKsync (ZK) $ 0.159110
  • mina-protocolMina Protocol (MINA) $ 0.507422
  • dexeDeXe (DEXE) $ 10.05
  • havvenSynthetix Network (SNX) $ 1.70
  • klay-tokenKlaytn (KLAY) $ 0.148929
  • oasis-networkOasis Network (ROSE) $ 0.081738
  • popcatPopcat (POPCAT) $ 0.555885
  • astarAstar (ASTR) $ 0.077653
  • heliumHelium (HNT) $ 3.20
  • iotaIOTA (IOTA) $ 0.160025
  • book-of-memeBOOK OF MEME (BOME) $ 0.007715
  • swethSwell Ethereum (SWETH) $ 3,368.33
  • 1inch1inch (1INCH) $ 0.412282
  • pancakeswap-tokenPancakeSwap (CAKE) $ 1.90
  • wormholeWormhole (W) $ 0.283266
  • wemix-tokenWEMIX (WEMIX) $ 1.25
  • axelarAxelar (AXL) $ 0.699019
  • worldcoin-wldWorldcoin (WLD) $ 1.83
  • apecoinApeCoin (APE) $ 0.739925
  • raydiumRaydium (RAY) $ 1.89
  • true-usdTrueUSD (TUSD) $ 0.999359
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,463.93
  • nervos-networkNervos Network (CKB) $ 0.010885
  • aioz-networkAIOZ Network (AIOZ) $ 0.430461
  • xdce-crowd-saleXDC Network (XDC) $ 0.031128
  • livepeerLivepeer (LPT) $ 13.86
  • theta-fuelTheta Fuel (TFUEL) $ 0.069441
  • dog-go-to-the-moon-runeDOG•GO•TO•THE•MOON (Runes) (DOG) $ 0.004563
  • apenftAPENFT (NFT) $ 0.00000045
  • pax-goldPAX Gold (PAXG) $ 2,397.44
  • bitcoin-goldBitcoin Gold (BTG) $ 24.89
  • illuviumIlluvium (ILV) $ 64.85
  • kavaKava (KAVA) $ 0.398171
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.02
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000020
  • stader-ethxStader ETHx (ETHX) $ 3,284.25
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000075
  • zcashZcash (ZEC) $ 26.81
  • usdbUSDB (USDB) $ 0.994160
  • layerzeroLayerZero (ZRO) $ 3.65
  • aevo-exchangeAevo (AEVO) $ 0.471202
  • paypal-usdPayPal USD (PYUSD) $ 1.00
  • aerodrome-financeAerodrome Finance (AERO) $ 0.713473
  • magaMAGA (TRUMP) $ 8.02
  • mx-tokenMX (MX) $ 3.79
  • echelon-primeEchelon Prime (PRIME) $ 8.62
  • woo-networkWOO (WOO) $ 0.191960
  • iotexIoTeX (IOTX) $ 0.038368
  • safepalSafePal (SFP) $ 0.766431
  • singularitynetSingularityNET (AGIX) $ 0.509432
  • h2o-daoH2O Dao (H2O) $ 0.422262
  • corgiaiCorgiAI (CORGIAI) $ 0.001011
  • curve-dao-tokenCurve DAO (CRV) $ 0.288019
  • compound-ethercETH (CETH) $ 63.84
  • stepnGMT (GMT) $ 0.147848
  • rocket-poolRocket Pool (RPL) $ 16.28
  • kusamaKusama (KSM) $ 21.79
  • beldexBeldex (BDX) $ 0.048957
  • compound-governance-tokenCompound (COMP) $ 47.47
  • constitutiondaoConstitutionDAO (PEOPLE) $ 0.064943
  • osmosisOsmosis (OSMO) $ 0.483275
  • memecoin-2Memecoin (MEME) $ 0.014723
  • arkhamArkham (ARKM) $ 1.38
  • aragonAragon (ANT) $ 8.03
  • golemGolem (GLM) $ 0.316651
  • dashDash (DASH) $ 26.07
  • holotokenHolo (HOT) $ 0.001737
  • zilliqaZilliqa (ZIL) $ 0.016381
  • dydxdYdX (ETHDYDX) $ 1.33
  • compound-wrapped-btccWBTC (CWBTC) $ 1,194.42
  • justJUST (JST) $ 0.029876
  • blurBlur (BLUR) $ 0.170530
  • blastBlast (BLAST) $ 0.016500
  • radixRadix (XRD) $ 0.027952
  • celoCelo (CELO) $ 0.537509
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.003277
  • manta-networkManta Network (MANTA) $ 0.851825
  • project-galaxyGalxe (GAL) $ 2.40
  • ankrAnkr Network (ANKR) $ 0.028270
  • enjincoinEnjin Coin (ENJ) $ 0.169699

Meme Coin Rally Pushes Raydium on Solana Above Arbitrum, Maker and Others

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Raydium on Solana has surged to become one of the top seven protocols by 24-hour fees, overtaking networks and projects such as Arbitrum, Maker and even Aave. This rise is attributed to a significant meme coin rally within the Solana ecosystem, capitalizing on Ethereum’s recent lackluster performance and the market’s search for high-risk, high-reward assets.

The meme coin trading has long been associated with speculation and high volatility. As larger, more established assets like Bitcoin and Ethereum experience a lull, a segment of crypto traders has diverted their attention and capital toward alternative chains and their native tokens, seeking to maintain their risk exposure.

Meme Coin Rally Pushes Raydium on Solana Above Arbitrum, Maker and Others

The allure of these meme coins, which often promise substantial short-term gains, has been particularly enticing on platforms like Solana. Known for its high throughput and low transaction fees, Solana has provided an ideal environment for the growth of decentralized exchanges like Raydium. Raydium’s rise in fee generation reflects this influx of trading volume and the platform’s increased utilization amid the broader crypto market’s volatility.

As Raydium ascends the ranks in the protocol fee leaderboard, it showcases the shift in trader preferences during market downturns. Historical trends suggest that when the larger cap assets start to rally, trading volume tends to flow back to more established chains, which are perceived as «proper» due to their size and stability. This shift typically results in a decrease in activity and fees for DEXs on alternative chains like Solana.

For now, Raydium’s success is a testament to Solana’s capacity to capture and engage a market driven by traders’ pursuit of assets with significant price movement. However, this is a delicate balance; as market sentiments shift toward a preference for stability or as larger chains offer competitive solutions for high volatility trading, platforms like Raydium will need to innovate continuously to retain their user base and fee dominance.

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