Stablecoins Dominate Solana DEX Volume

[cryptoenthusiast]

As meme coin activity declined, stablecoins surged, now making up nearly 80% of DEX volume—one of the highest readings in 2+ years.

Traders are prioritizing deeper liquidity and lower volatility amid a challenging market.

On-chain activity remains healthy, with over 11M active addresses, showing that the network is still widely used.

[Abdul Khan]

Stablecoins taking over Solana DEX volume shows how active the ecosystem has become.