Part 10/15:
Trading volume on Solana’s native decentralized exchanges (DEXs) has surged, with its NFT market capturing the bulk of activity. Yet, other chains like Base and Polygon trail behind, often losing liquidity to Solana.
Rapid Token Economies and a Crescendo of Meme Tokens
The rate of new SPL (Solana Program Library) tokens creation is astonishing—over 23,000 tokens minted in a single day, driven predominantly by meme tokens. This flood of new tokens tests the system's robustness and liquidity, but also raises concerns about speculative excess and potential losses for retail investors.