#Trump Meme Coin Trading Volume Surges#
Hot Topic Overview
Overview
Trump's official Solana meme coin, TRUMP, has surpassed $7 billion in on-chain trading volume in the 24 hours after its launch, exceeding the total trading volume of Ethereum and all its L2s. Driven by this, the Solana-based DEX Meteora TVL has crossed $1 billion for the first time, with a 130% increase in 24 hours, and its swap volume reached an all-time high of $8 billion. The TRUMP-USDC trading pair is the largest pool on the chain, with TVL of 493M, and this pool alone contributed $14M in revenue to the protocol in the past 24 hours. Meteora's launched DLMM provides the ability to have zero slippage, dynamic LP fees, and flexible liquidity strategies, which can now also be achieved with Uniswap v4.
Ace Hot Topic Analysis
Analysis
Trump's official Solana meme coin, TRUMP, has surpassed $7 billion in on-chain trading volume in the 24 hours after launch, exceeding the total trading volume of Ethereum and all its L2s. This phenomenon has pushed Solana-based DEX Meteora's TVL past $1 billion for the first time, with a 130% increase in 24 hours, and its swap volume reaching an all-time high of $8 billion. The surge in TRUMP's trading volume is primarily attributed to the launch of its DLMM pool on Meteora, which offers the ability of zero slippage, dynamic LP fees, and flexible liquidity strategies, attracting a large number of users to participate in trading. While TRUMP's price volatility has led to a high failure rate in Raydium's V3 pool creation, DLMM seems to have no such problem and is still able to maintain a high success rate in creating and withdrawing pools during sharp price fluctuations.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
TRUMP Meme coin trading volume surged, with its on-chain trading volume exceeding $7 billion in the 24 hours after launch, surpassing the total trading volume of Ethereum and all its L2s.
The launch of TRUMP Meme coin has pushed the TVL of Solana-based DEX Meteora past $1 billion for the first time, with a 130% increase in 24 hours.
TRUMP Meme coin's trading price has fluctuated wildly, causing a high failure rate for Raydium's mint and withdrawal V3 pools, while Meteora's DLMM pools have not experienced this problem and are still able to maintain a high success rate during sharp price swings.
TRUMP Meme coin's trading volume has boosted Meteora's revenue growth. Its TRUMP-USDC trading pair is the largest pool on-chain with a TVL of 493M, and this pool alone has contributed 14M in revenue to the protocol in the past 24 hours.