Solana, Robinhood, BNB Clash for Meme Coin Season: Who is Winning the $3 Billion Rally?
Meme coin market added near $3 billion on Thursday. The sector is now value $29.3 billion, up nearly 10% as we speak. Three blockchains are preventing over that cash.
Solana, BNB Chain and Robinhood Chain every declare a share of it. Thursday’s buying and selling knowledge says solely one in all them is actually profitable.
Most of the $3 Billion Never Touched These Three Chains
The headline quantity flatters all three. Meme tokens traded $3.6 billion on Thursday, and three cash accounted for 59% of it.
Dogecoin (DOGE) led with $1.24 billion, and it runs by itself community. DOGE price rose 12.3%. Pepe (PEPE) adopted 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 reveals what a token is value, not the place merchants went.
Two numbers present that. Volume data the place cash moved. Fees report what the chain saved.
Solana Wins Thursday’s Volume Test
Solana processed $3.01 billion in decentralized alternate trades over 24 hours, DefiLlama knowledge present. BNB Chain dealt with $1.25 billion.
Robinhood Chain managed $510.8 million. It is the latest of the three, launched in July as a community for tokenized shares.
Solana due to this fact out-traded each rivals mixed. It took 63% of the three chains’ complete move.
Its launchpad token drew a lot of that. Pump.enjoyable (PUMP) traded $286 million, fourth amongst all meme tokens.
One caveat applies to each determine right here. These totals cowl all tokens on every chain, not meme cash alone.
Fees Show Whose Volume Is Worth Something
Volume is the simpler quantity to develop. Blockspace is low cost, and a greenback can change arms many occasions in a day.
Fees are tougher. Solana earned $925,809 in chain charges on Thursday. BNB Chain took $689,745. Robinhood Chain collected $59,275.
The distance is stark. Solana moved 5.9 occasions Robinhood’s quantity however earned 15.6 occasions its charges.
Now measure charges per greenback traded. BNB Chain transformed 0.055% of its quantity. Solana managed 0.031%. Robinhood Chain saved 0.012%.
That reorders the podium. Solana wins on scale, however BNB Chain extracts almost twice as a lot worth from every greenback.
The impact reveals in the totals. Solana takes 63% of the three chains’ quantity however solely 55% of their charges.
Chains with no meme scene nonetheless earned extra. Ethereum collected $1.22 million and Tron took $876,853.
Robinhood Chain ranked tenth amongst all chains, behind Polygon.
Who is Winning Meme Coin Season
Solana, on each measures. It leads on quantity traded and on complete charges earned, and no rival is shut on both.
BNB Chain is the credible quantity two and the sharpest earner per greenback. Its flagship token lagged, with the Chinese-language meme BinanceLife up 4.7% in opposition to a sector up 10.1%.
Robinhood Chain runs third on all the pieces. It can nonetheless produce a mover, and its flagship Cash Cat (CASHCAT) gained 30.3% on $32.27 million of quantity.
One rival sits exterior the three-way body. Base matched BNB Chain on quantity at $1.255 billion.
Its economics resemble Robinhood’s, nonetheless. Base earned $189,724, changing 0.015% of quantity into charges.
The conflict could have already got 4 sides. Whether Solana retains the crown rests on a quantity few merchants watch.
Not how a lot quantity it attracts, however how a lot of that quantity it converts.
The publish Solana, Robinhood, BNB Clash for Meme Coin Season: Who is Winning the $3 Billion Rally? appeared first on BeInCrypto.
