Traders are abandoning the slow lanes of NFTs and racing back into memecoins — especially those built on Solana.
Over the past year NFT activity has steadily cooled. Trading has flattened across marketplaces, with only occasional spikes, and many participants seem to have simply moved on. What remains of the market is increasingly concentrated: OpenSea and Blur now account for the lion’s share of NFT volume, while smaller platforms struggle for relevance (source: Dune Analytics). In short, liquidity and safety are driving traders toward the biggest venues, leaving NFTs out of the spotlight for now.
That spotlight has shifted to memecoins. CoinMarketCap data shows steady, impressive volumes for long-standing names like Dogecoin (DOGE), Shiba Inu (SHIB) and Pepe (PEPE) even on quieter days — and newer tokens are also seeing brisk daily turnover. Notably, many of the most actively traded tokens over the past week are native to or heavily traded on Solana (source: CoinMarketCap).
Why Solana? Low transaction fees and near-instant settlement make it easy for traders to enter and exit positions quickly. Several Solana-based memecoins are posting high trading volumes despite relatively small market caps, reflecting a pattern of frequent trading rather than long-term holding. That fast, flexible market structure appears to have drawn capital away from NFTs.
The rotation isn’t just NFTs versus memecoins — it’s about how traders want to engage. NFTs often demand patience, higher upfront costs, and longer holding horizons. Memecoins, by contrast, let participants wager small amounts, trade quickly, and stay constantly engaged. That accessibility fuels participation (even if much of it is speculative or entertainment-driven), and keeps activity levels high on chains that make rapid, low-cost trades possible.
Bottom line: NFTs have lost momentum and market share is consolidating among major marketplaces, while memecoins — particularly on Solana — are enjoying renewed attention thanks to low fees, speed, and the ability to trade in and out rapidly.
Disclaimer: AMBCrypto's content is informational and not investment advice. Cryptocurrency trading is high risk; readers should do their own research before making decisions. © 2025 AMBCrypto
Read more AI-generated news on: undefined/news
