{"id":56909,"date":"2025-07-31T17:42:29","date_gmt":"2025-07-31T17:42:29","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/solana-dex-volume-dips-20-after-co-founder-slams-meme-coins\/"},"modified":"2025-07-31T17:42:29","modified_gmt":"2025-07-31T17:42:29","slug":"solana-dex-volume-dips-20-after-co-founder-slams-meme-coins","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/solana-dex-volume-dips-20-after-co-founder-slams-meme-coins\/","title":{"rendered":"Solana DEX volume dips 20% after co-founder slams meme coins"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"-mt-16  mb-8  lg:-mt-20  rounded-md  shadow-md\">\n<div class=\"relative  z-10  post-article-image  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image-26-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image-26-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image-26-smartcrop-750x375.png\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2025\/07\/image-26-smartcrop-363x181.png\" type=\"image\/jpeg\"\/>\n<\/picture>                            <\/div>\n<\/p><\/div>\n<ul>\n<li>Solana\u2019s DEX volume has lost nearly $700 million since Monday.<\/li>\n<li>The downside follows comments from its co-founder criticizing meme tokens and NFTs.<\/li>\n<li>The remarks sparked debates, especially since meme cryptos have fueled Solana\u2019s growth.<\/li>\n<\/ul>\n<p>The latest comments from Solana\u2019s co-founder, Anatoly Yakovenko, left speculative trading enthusiasts shaken.<\/p>\n<p>Meanwhile, the blockchain reflects the impact on the decentralized exchange (DEX) front.<\/p>\n<div class=\"ad-banner  container  pt-1  px-0  mb-6\" data-partner=\"bitcoinpenguin\">\n        <a href=\"https:\/\/bitcoinpenguins.io\/en?utm_source=coinjournal&amp;utm_medium=banner&amp;utm_campaign=header\" target=\"_blank\" rel=\"nofollow sponsored noopener\"><br \/>\n            <img decoding=\"async\" class=\"p-0  m-0\" src=\"https:\/\/coinjournal.net\/wp-content\/themes\/c1-base\/dist\/img\/ad\/bitcoinpenguin\/en.png\"\/><br \/>\n        <\/a>\n    <\/div>\n<p>Yakovenko dismissed NFTs and meme coins as assets without intrinsic value in a July 27 <a href=\"https:\/\/x.com\/aeyakovenko\/status\/1949548737208181137\">X post<\/a>.<\/p>\n<p>He compared them to a mobile game loot box, which serves speculative individuals.<\/p>\n<p>Meanwhile, the comments dented sentiments as Solana\u2019s DEX volume has seen a 220% decline from Monday\u2019s $3.071 billion to $2.374 billion today.<\/p>\n<p><img loading=\"lazy\" fetchpriority=\"high\" decoding=\"async\" data-source=\"CoinJournal\" class=\"alignnone size-full wp-image-326406\" src=\"https:\/\/coinjournal.net\/wp-content\/uploads\/2025\/07\/SOL-DEX-Volume.jpg\" alt=\"\" width=\"724\" height=\"322\"\/><\/p>\n<p>While sudden dips are not uncommon in the cryptocurrency industry, some participants are connecting the dots.<\/p>\n<h2>Meme cryptos have fueled Solana\u2019s growth<\/h2>\n<p>It is the irony that grabbed the community\u2019s attention. While meme tokens lack traditional utility, they have been vital in Solana\u2019s latest boom.<\/p>\n<p>Nearly all themed cryptocurrencies that have dominated trends in the past few years launched on the SOL blockchain.<\/p>\n<p>PNUT, WIF, FARTCOIN, and <a href=\"https:\/\/coinjournal.net\/news\/pengu-targets-new-all-time-high-amid-nft-sales-volume-surge\/\">the current PENGU<\/a>, you can name them.<\/p>\n<p>Furthermore, Solana boasts the largest meme launchpads (Pump.fun and Raydium).<\/p>\n<p>At times when top chains like Ethereum and Cardano were quiet, Solana flourished due to viral meme assets and NFTs.<\/p>\n<p>Moreover, leading Solana DEXs like Jupiter thrived during meme coin seasons.<\/p>\n<p>With these trends, Solana attained a strong community, culture, profits, and growth momentum.<\/p>\n<p>Thus, many equate Yakovenko\u2019s comments to biting the hand that fed their ecosystem.<\/p>\n<p>Solana-based exchanges have experienced substantial slowdowns days following the controversial comments.<\/p>\n<p>Whether the 20% slide is a usual cool-off or a reaction to Yakovenko\u2019s remarks, Solana\u2019s ecosystem took a hit.<\/p>\n<p>The tone might have discouraged some participants, who are likely considering alternative meme launchpads.<\/p>\n<p>For digital assets enthusiasts, meme tokens and NFTs represent culture, accessibility, and creativity in the crypto industry.<\/p>\n<p>Moreover, they lower entry barriers into Web3.<\/p>\n<h2>Meme tokens lack value, but drive excitement<\/h2>\n<p>Yakovenko\u2019s comments weren\u2019t unfounded. Most meme tokens lack utility beyond attention.<\/p>\n<p>They face criticism since they lack legitimate backing, use cases, and the fact that most creators launch them as speculative plays.<\/p>\n<p>Projects can record staggering surges overnight and crash within minutes.<\/p>\n<p>You probably remember the <a href=\"https:\/\/coinjournal.net\/news\/libra-co-creator-alleges-insiders-had-early-purchase-access-before-market-launch\/\">controversial LIBRA case<\/a>.<\/p>\n<p>Libra surged to $224 million market capitalization project before crashing within hours, leaving its investors with massive losses.<\/p>\n<p>Its current market cap is $3.94 million.<\/p>\n<p>Hype, not fundamentals, dictates the life cycles of most meme coins.<\/p>\n<p>However, they also work. While themed cryptocurrencies lack substance, they attract attention and excitement in the digital currency markets.<\/p>\n<p>Also, they onboard retailers who want to join the market without navigating complex protocols.<\/p>\n<p>This phenomenon has benefited Solana, putting it in the spotlight during periods when top blockchains felt dormant.<\/p>\n<p>Though Yakovenko\u2019s remarks appear true, they exposed the fragility between market behavior and logic in crypto.<\/p>\n<p>Besides decentralization, the fun side of the blockchain industry remains vital for the sector\u2019s liveliness.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/solana-dex-volume-dips-20-after-co-founder-slams-meme-coins\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Solana\u2019s DEX volume has lost nearly $700 million since Monday. The downside follows comments from its co-founder criticizing meme tokens and NFTs. The remarks sparked debates, especially since meme cryptos have fueled Solana\u2019s growth. The latest comments from Solana\u2019s co-founder, Anatoly [&hellip;]<\/p>\n","protected":false},"author":3947362363,"featured_media":56910,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56909"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362363"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=56909"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/56909\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/56910"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=56909"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=56909"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=56909"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}