Yeliz Akmaca 
After months of Solana’s dominance, BNB Chain has made a significant surge in the memecoin market. On-chain data reveals that the Binance-backed chain accounts for 45% of the total memecoin DEX trading volume. This share nearly doubles the combined total of Solana and Ethereum.
Back in April, BNB Chain held only a 25% share, but as July approaches, it has almost doubled its volume and taken the lead. Solana’s share dropped sharply from 40% in April to around 25%. This 15% decline ended Solana’s 12-month growth streak and pushed it to second place.
Memecoin trading on BNB has flipped Solana
(driven by the Binance Alpha program) pic.twitter.com/yOUIj6ymP1
— Yano 🟪 (@JasonYanowitz) June 14, 2025
Ethereum’s trading volume remains steady, maintaining a 20% share. It holds a stable but trailing position in the memecoin market. Base is limited to 5%, while blockchains like Arbitrum, Avalanche, Unichain, and Celo share the remaining 5%.
Can Solana Maintain Its Rise? Cardano Steps Into the Spotlight
Despite BNB Chain’s advance, Solana-based projects continue to attract significant attention. For example, the Solana memecoin TRUMP gained 3,000% in value within just 24 hours. Additionally, Solana’s popular memecoin platform Pump.fun aims to raise a $1 billion new fund. This shows that the Solana ecosystem still holds strong potential.
Cardano is also trying to make a strong entry into this competition. Last week, Input Output partnered with Cardano’s largest memecoin, SNEK, aiming to boost Cardano’s memecoin activity.
Meanwhile, Bloomberg analyst Eric Balchunas predicts the launch of a memecoin-based ETF by 2026. This forecast suggests memecoins could evolve into permanent financial instruments.
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