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Happy_shanky
Memecoin trading on @Solana once drove the blockchain's revenue spike but its spot trading volume fell from 40% to 16% from H1 2025 to H1 2026.
As that faded, something interesting happened: our H1 2026 analysis shows stablecoin swaps grew from 6% to 19% of spot volume, and general trading rose from 41% to 53%.
Despite falling revenue, Solana now dominates equity token trading (~97% of onchain spot RWA volume) and out-earns Ethereum in absolute revenue — at roughly 22% market cap.
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