#Trump Meme Coin Trading Is Booming#
Hot Topic Overview
Overview
Trump's official Solana meme coin, TRUMP, sparked massive trading frenzy upon its launch, generating over $7 billion in on-chain volume in 24 hours, surpassing Ethereum and all its L2s combined. This surge also propelled the growth of Solana-based DEX Meteora, with its TVL exceeding $1 billion for the first time, witnessing a 130% increase in 24 hours, while its swap volume also reached a record high of $8 billion. The hype surrounding TRUMP also made Meteora's DLMM pools popular, as they offer zero slippage, dynamic LP fees, and flexible liquidity strategies, effectively handling price volatility and ensuring high success rates for minting and withdrawing pools.
Ace Hot Topic Analysis
Analysis
Trump's official Solana meme coin, TRUMP, has sparked a massive market frenzy upon its launch, with its on-chain trading volume exceeding $7 billion in 24 hours, surpassing the total trading volume of Ethereum and all its L2s. This phenomenon has also propelled the development of Solana-based DEX Meteora, with its TVL exceeding $1 billion for the first time, registering a 130% increase in 24 hours, and its exchange trading volume hitting an all-time high of $8 billion. The volatile trading price of TRUMP has led to extremely low success rates for Raydium's minting and withdrawal of V3 pools, while Meteora's DLMM pools have shown greater stability and success rates, with its no-slippage, dynamic LP fees, and flexible liquidity strategy attracting a large number of users. The popularity of TRUMP has also driven the growth of the Solana ecosystem, with its trading volume and TVL growth demonstrating the market's continued interest in meme coins and DeFi.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Trump Meme Coin TRUMP trading volume explodes, surpassing $7 billion in 24 hours, exceeding the total trading volume of Ethereum and all its L2s.
The launch of TRUMP has propelled Meteora DEX's TVL to surpass $1 billion for the first time, with 24-hour Swap trading volume reaching a record high.
Meteora's DLMM pools offer zero slippage, dynamic LP fees, and flexible liquidity strategies, meeting the needs of DeFi users for fast trading and high returns.
The volatile trading price of TRUMP has resulted in a high failure rate for Raydium's minting and withdrawal V3 pools, while Meteora's DLMM pools demonstrate greater stability and success rates.