Solana Memecoins Hold 55.8% Share of $308M Daily Market Volume

GMGN Puts Memecoin Turnover at $308 Million

Memecoin turnover sits at $308 million across the major markets GMGN tracks, a reading taken at 11:03 a.m. KST on October 8 and 14.6% beneath the level recorded a day earlier. The aggregate, relayed through Wu Blockchain from GMGN's 24-hour volume ranking, corresponds to roughly 412.4 billion won at the quoted rate. GMGN is a memecoin data platform whose market classification groups tokens by the chain or platform they trade on. Traders following the Solana (SOL) price found most of the flow on its pairs, where the Solana (SOL) market logged $172 million and a 55.8% share of the total. In share terms, more than half of every dollar traded across the tracked markets passed through Solana-based pairs inside the window. Two categories sit beneath it. The Robinhood market, the retail-venue leg of the ranking, carried $74.09 million and 24.1%. The BNB Chain market, home to infrastructure such as dappOS, posted $44.39 million and a 14.4% share. Rounded, the three shares come to 94.3%, leaving the remainder spread across smaller categories the snapshot did not itemize. Three projects led the volume table: PONS, TWEETCRAFT and AUTON. Against the aggregate contraction, Arc ran the other way, its volume up 74.8% over the day, the largest increase among the major markets in the ranking. The ranking measures turnover, not holdings: it counts the value traded across these markets inside the 24 hours ending at the timestamp, so the 14.6% step down describes activity, not ownership. The wider tape stayed soft while the window closed: COINOTAG's live monitoring put Bitcoin (BTC) at $83,190 at the time of writing, about 0.8% lower across 24 hours, and Ether (ETH) at $2,581, down 1.2%.

The arithmetic of the snapshot is approximate by design. The three market figures, $172 million, $74.09 million and $44.39 million, sum to about $310.48 million, which does not match the published $308 million; per-market volumes and shares are given as rounded approximations, so the whole cannot be rebuilt by simple addition. The aggregation carries a second caveat: it reflects the 24 hours before 11:03 a.m. KST at a single point in time, it does not represent the entire virtual-asset market or every memecoin, and turnover alone does not explain price moves or the cause of a decline. Readers should hold two frames apart when using the number. As a gauge of activity, the ranking answers where memecoin trading concentrated inside one 24-hour window; as a gauge of demand, it stops at volume, because the classification separates turnover from price direction. Category context fills in the rest. The Robinhood market's $74.09 million marks the retail-platform leg, a category tied to the retail venue's own trading surface. Traders splitting memecoin exposure across venues can weigh depth and fees across the Best Crypto Exchanges. The BNB Chain market's $44.39 million, a 14.4% share, rounds out the three largest categories. Unlike tokens that raised funds through an ICO, most memecoins in these markets trade on attention alone, which is why the ranking leans on turnover as its primary measure. Arc is the outlier inside the slide: a 74.8% one-day increase in volume while the aggregate fell 14.6%. The top of the table stayed concentrated, with PONS, TWEETCRAFT and AUTON carrying the highest turnover among tracked projects. Where that leaves the tape is a positional question: with 94.3% of measured share in three markets, the marginal memecoin trade on Thursday printed on Solana (SOL) pairs, on Robinhood's category or on BNB Chain, and almost nowhere else in the classification.

Solana Still Carries the Majority

Read positionally, the snapshot leaves Solana holding the majority line even as the whole tape contracts: more than half of tracked memecoin turnover sat on its market while the aggregate lost 14.6%. Arc's 74.8% gain cuts against any uniform-exit reading; flow concentrated rather than left. A single-day contraction of this size does not, on its own, mark a bear market in memecoin demand, and the classification's own framing warns against reading cause from volume. What the number fixes is a level: $308 million of turnover inside a 24-hour window that closed with three markets carrying 94.3% of the measured share, Solana's pairs still the venue of first resort and the next reading due against the same timestamp a day on.