• bitcoinBitcoin (BTC) $ 64,256.00
  • ethereumEthereum (ETH) $ 3,070.79
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 558.75
  • solanaSolana (SOL) $ 146.10
  • usd-coinUSDC (USDC) $ 1.00
  • staked-etherLido Staked Ether (STETH) $ 3,066.66
  • xrpXRP (XRP) $ 0.502482
  • dogecoinDogecoin (DOGE) $ 0.152890
  • the-open-networkToncoin (TON) $ 6.27
  • cardanoCardano (ADA) $ 0.470247
  • shiba-inuShiba Inu (SHIB) $ 0.000023
  • avalanche-2Avalanche (AVAX) $ 35.24
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 64,187.00
  • tronTRON (TRX) $ 0.110416
  • bitcoin-cashBitcoin Cash (BCH) $ 477.59
  • polkadotPolkadot (DOT) $ 6.78
  • chainlinkChainlink (LINK) $ 13.93
  • matic-networkPolygon (MATIC) $ 0.675385
  • internet-computerInternet Computer (ICP) $ 13.49
  • litecoinLitecoin (LTC) $ 81.62
  • nearNEAR Protocol (NEAR) $ 5.58
  • uniswapUniswap (UNI) $ 7.55
  • leo-tokenLEO Token (LEO) $ 5.84
  • daiDai (DAI) $ 1.00
  • aptosAptos (APT) $ 9.52
  • ethereum-classicEthereum Classic (ETC) $ 26.24
  • mantleMantle (MNT) $ 1.16
  • blockstackStacks (STX) $ 2.47
  • first-digital-usdFirst Digital USD (FDUSD) $ 1.00
  • crypto-com-chainCronos (CRO) $ 0.125359
  • filecoinFilecoin (FIL) $ 6.18
  • okbOKB (OKB) $ 54.84
  • stellarStellar (XLM) $ 0.112104
  • cosmosCosmos Hub (ATOM) $ 8.27
  • render-tokenRender (RNDR) $ 8.10
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 3,102.38
  • bittensorBittensor (TAO) $ 462.51
  • dogwifcoindogwifhat (WIF) $ 3.04
  • immutable-xImmutable (IMX) $ 2.06
  • arbitrumArbitrum (ARB) $ 1.13
  • hedera-hashgraphHedera (HBAR) $ 0.082970
  • vechainVeChain (VET) $ 0.040649
  • makerMaker (MKR) $ 2,964.38
  • kaspaKaspa (KAS) $ 0.114545
  • injective-protocolInjective (INJ) $ 27.97
  • the-graphThe Graph (GRT) $ 0.261258
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • optimismOptimism (OP) $ 2.26
  • wrapped-eethWrapped eETH (WEETH) $ 3,185.95
  • fetch-aiFetch.ai (FET) $ 2.16
  • pepePepe (PEPE) $ 0.000005
  • moneroMonero (XMR) $ 120.29
  • theta-tokenTheta Network (THETA) $ 2.08
  • celestiaCelestia (TIA) $ 11.17
  • fantomFantom (FTM) $ 0.703731
  • lido-daoLido DAO (LDO) $ 2.00
  • thorchainTHORChain (RUNE) $ 5.38
  • rocket-pool-ethRocket Pool ETH (RETH) $ 3,395.25
  • arweaveArweave (AR) $ 26.88
  • bitget-tokenBitget Token (BGB) $ 1.24
  • suiSui (SUI) $ 1.34
  • coredaoorgCore (CORE) $ 1.94
  • galaGALA (GALA) $ 0.044714
  • sei-networkSei (SEI) $ 0.561849
  • quant-networkQuant (QNT) $ 105.94
  • mantle-staked-etherMantle Staked Ether (METH) $ 3,161.25
  • jupiter-exchange-solanaJupiter (JUP) $ 1.08
  • beam-2Beam (BEAM) $ 0.027287
  • algorandAlgorand (ALGO) $ 0.177372
  • ethenaEthena (ENA) $ 1.00
  • whitebitWhiteBIT Coin (WBT) $ 9.65
  • flokiFLOKI (FLOKI) $ 0.000142
  • flowFlow (FLOW) $ 0.889153
  • bitcoin-svBitcoin SV (BSV) $ 65.84
  • neoNEO (NEO) $ 18.22
  • aaveAave (AAVE) $ 86.77
  • flare-networksFlare (FLR) $ 0.031879
  • bittorrentBitTorrent (BTT) $ 0.000001
  • dydx-chaindYdX (DYDX) $ 2.30
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 2,914.63
  • tokenize-xchangeTokenize Xchange (TKX) $ 14.25
  • ondo-financeOndo (ONDO) $ 0.775410
  • singularitynetSingularityNET (AGIX) $ 0.876208
  • elrond-erd-2MultiversX (EGLD) $ 41.21
  • wormholeWormhole (W) $ 0.600011
  • zebec-protocolZebec Protocol (ZBC) $ 0.020020
  • ecasheCash (XEC) $ 0.000051
  • the-sandboxThe Sandbox (SAND) $ 0.446872
  • ribbon-financeRibbon Finance (RBN) $ 1.04
  • axie-infinityAxie Infinity (AXS) $ 6.99
  • bonkBonk (BONK) $ 0.000015
  • roninRonin (RON) $ 3.17
  • havvenSynthetix Network (SNX) $ 2.96
  • tezosTezos (XTZ) $ 0.990694
  • chilizChiliz (CHZ) $ 0.108822
  • ordinalsORDI (ORDI) $ 45.80
  • worldcoin-wldWorldcoin (WLD) $ 5.01
  • pyth-networkPyth Network (PYTH) $ 0.615982
  • conflux-tokenConflux (CFX) $ 0.234517
  • akash-networkAkash Network (AKT) $ 4.00
  • cheeleeCheelee (CHEEL) $ 16.26
  • starknetStarknet (STRK) $ 1.25
  • jasmycoinJasmyCoin (JASMY) $ 0.018701
  • gatechain-tokenGate (GT) $ 6.77
  • gnosisGnosis (GNO) $ 347.58
  • eosEOS (EOS) $ 0.781933
  • msolMarinade staked SOL (MSOL) $ 172.94
  • nervos-networkNervos Network (CKB) $ 0.019960
  • mina-protocolMina Protocol (MINA) $ 0.803475
  • kucoin-sharesKuCoin (KCS) $ 8.80
  • decentralandDecentraland (MANA) $ 0.438175
  • apecoinApeCoin (APE) $ 1.24
  • axelarAxelar (AXL) $ 1.20
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 3,091.65
  • iotaIOTA (IOTA) $ 0.228986
  • dexeDeXe (DEXE) $ 12.88
  • kavaKava (KAVA) $ 0.676827
  • echelon-primeEchelon Prime (PRIME) $ 19.26
  • dydxdYdX (ETHDYDX) $ 2.31
  • usddUSDD (USDD) $ 0.980531
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.80
  • aerodrome-financeAerodrome Finance (AERO) $ 1.67
  • aioz-networkAIOZ Network (AIOZ) $ 0.633567
  • nexoNEXO (NEXO) $ 1.21
  • frax-etherFrax Ether (FRXETH) $ 3,068.37
  • klay-tokenKlaytn (KLAY) $ 0.187059
  • oasis-networkOasis Network (ROSE) $ 0.100576
  • dymensionDymension (DYM) $ 4.10
  • lido-staked-solLido Staked SOL (STSOL) $ 171.50
  • heliumHelium (HNT) $ 3.98
  • fraxFrax (FRAX) $ 0.999989
  • swethSwell Ethereum (SWETH) $ 3,225.18
  • bitcoin-goldBitcoin Gold (BTG) $ 35.48
  • corgiaiCorgiAI (CORGIAI) $ 0.001810
  • blurBlur (BLUR) $ 0.397463
  • osmosisOsmosis (OSMO) $ 0.942185
  • illuviumIlluvium (ILV) $ 95.61
  • sats-ordinalsSATS (Ordinals) (SATS) $ 0.00000028
  • terra-lunaTerra Luna Classic (LUNC) $ 0.000102
  • astarAstar (ASTR) $ 0.105068
  • tether-goldTether Gold (XAUT) $ 2,400.34
  • mantra-daoMANTRA (OM) $ 0.719743
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 3,271.98
  • pendlePendle (PENDLE) $ 5.83
  • theta-fuelTheta Fuel (TFUEL) $ 0.086759
  • book-of-memeBOOK OF MEME (BOME) $ 0.010246
  • radixRadix (XRD) $ 0.053268
  • fasttokenFasttoken (FTN) $ 1.78
  • woo-networkWOO (WOO) $ 0.296608
  • xdce-crowd-saleXDC Network (XDC) $ 0.039237
  • based-brettBrett (BRETT) $ 0.063058
  • ocean-protocolOcean Protocol (OCEAN) $ 0.879652
  • mx-tokenMX (MX) $ 5.40
  • jeo-bodenJeo Boden (BODEN) $ 0.757431
  • curve-dao-tokenCurve DAO (CRV) $ 0.438721
  • wemix-tokenWEMIX (WEMIX) $ 1.46
  • iotexIoTeX (IOTX) $ 0.054858
  • true-usdTrueUSD (TUSD) $ 1.00
  • staked-frax-etherStaked Frax Ether (SFRXETH) $ 3,323.46
  • altlayerAltLayer (ALT) $ 0.393868
  • cat-in-a-dogs-worldcat in a dogs world (MEW) $ 0.005518
  • 1inch1inch (1INCH) $ 0.423286
  • skaleSKALE (SKL) $ 0.094093
  • enjincoinEnjin Coin (ENJ) $ 0.335682
  • pups-ordinalsPUPS (Ordinals) (PUPS) $ 60.99
  • polymeshPolymesh (POLYX) $ 0.451927
  • superfarmSuperVerse (SUPER) $ 1.04
  • ankrAnkr Network (ANKR) $ 0.046824
  • trust-wallet-tokenTrust Wallet (TWT) $ 1.12
  • stepnGMT (GMT) $ 0.239840
  • manta-networkManta Network (MANTA) $ 1.85
  • zilliqaZilliqa (ZIL) $ 0.025210
  • apenftAPENFT (NFT) $ 0.00000046
  • 0x0x Protocol (ZRX) $ 0.532982
  • rocket-poolRocket Pool (RPL) $ 21.78
  • pax-goldPAX Gold (PAXG) $ 2,400.75
  • memecoin-2Memecoin (MEME) $ 0.026398
  • jito-governance-tokenJito (JTO) $ 3.71
  • ethereum-name-serviceEthereum Name Service (ENS) $ 13.90
  • ethereum-pow-iouEthereumPoW (ETHW) $ 4.00
  • celoCelo (CELO) $ 0.804339
  • ravencoinRavencoin (RVN) $ 0.031122
  • livepeerLivepeer (LPT) $ 13.30
  • qtumQtum (QTUM) $ 4.05
  • terra-luna-2Terra (LUNA) $ 0.615071
  • raydiumRaydium (RAY) $ 1.60
  • ether-fiEther.fi (ETHFI) $ 3.64
  • holotokenHolo (HOT) $ 0.002338
  • compound-wrapped-btccWBTC (CWBTC) $ 1,289.99
  • amp-tokenAmp (AMP) $ 0.007342
  • aelfaelf (ELF) $ 0.565679
  • degen-baseDegen (Base) (DEGEN) $ 0.032632
  • siacoinSiacoin (SC) $ 0.007076
  • frax-shareFrax Share (FXS) $ 5.04
  • project-galaxyGalxe (GAL) $ 3.72
  • saga-2Saga (SAGA) $ 4.29
  • biconomyBiconomy (BICO) $ 0.517562
  • compound-governance-tokenCompound (COMP) $ 55.44
  • safepalSafePal (SFP) $ 0.816415

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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