GMGN data shows that on August 23, the combined meme trading volume across three chains—Solana, Robinhood, and BNB—exceeded $410 million, up 32.3% month-over-month.
The distribution across the three chains is: Solana $212 million (51.7%), Robinhood $111 million (27.0%), and BNB $88 million (21.4%). The top three volume projects are CATE, CASHCAT, and NiuLai.
More meaningful than the total figures are two other numbers. First, Robinhood chain’s 24-hour growth rate is 61.9%, the fastest among the three, but its share is only 27%. Its faster growth is largely because the base is smaller; Solana’s share is more than half, and its growth rate is correspondingly less striking. Second, the top three by trading volume are all small-cap meme projects, indicating that this wave of volume is concentrated in a few targets rather than the entire ecosystem broadly rising.
Taken together, the 32.3% overall increase looks more like existing capital accelerating rotation among a few chains. Whether chasing this kind of volume can be sustained depends on whether the next day’s trading volume directly drops.
If you’re tracking daily incremental trading volume data like this, would you trust share more, or growth rate more?
#Solana #Robinhood #BNB #GMGN #Meme
The distribution across the three chains is: Solana $212 million (51.7%), Robinhood $111 million (27.0%), and BNB $88 million (21.4%). The top three volume projects are CATE, CASHCAT, and NiuLai.
More meaningful than the total figures are two other numbers. First, Robinhood chain’s 24-hour growth rate is 61.9%, the fastest among the three, but its share is only 27%. Its faster growth is largely because the base is smaller; Solana’s share is more than half, and its growth rate is correspondingly less striking. Second, the top three by trading volume are all small-cap meme projects, indicating that this wave of volume is concentrated in a few targets rather than the entire ecosystem broadly rising.
Taken together, the 32.3% overall increase looks more like existing capital accelerating rotation among a few chains. Whether chasing this kind of volume can be sustained depends on whether the next day’s trading volume directly drops.
If you’re tracking daily incremental trading volume data like this, would you trust share more, or growth rate more?
#Solana #Robinhood #BNB #GMGN #Meme