Solana, Robinhood, BNB Clash for Meme Coin Season: Who is Winning the $3 Billion Rally?
Meme coin market added close to $3 billion on Thursday. The sector is now worth $29.3 billion, up almost 10% today. Three blockchains are fighting over that money.
Solana, BNB Chain and Robinhood Chain each claim a share of it. Thursday's trading data says only one of them is really winning.
Most of the $3 Billion Never Touched These Three Chains
The headline number flatters all three. Meme tokens traded $3.6 billion on Thursday, and three coins accounted for 59% of it.
Dogecoin (DOGE) led with $1.24 billion, and it runs on its own network. DOGE price rose 12.3%. Pepe (PEPE) followed with $514 million, and it sits on Ethereum. Official Trump (TRUMP) took $421 million.
So the contested pool is far smaller than the headline suggests. Market cap shows what a token is worth, not where traders went.
Two numbers show that. Volume records where money moved. Fees record what the chain kept.
Solana Wins Thursday's Volume Test
Solana processed $3.01 billion in decentralized exchange trades over 24 hours, DefiLlama data show. BNB Chain handled $1.25 billion.
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