#Trump Meme Coin Trading is Booming#
Hot Topic Overview
Overview
Trump's official Solana meme coin, TRUMP, has sparked a massive market frenzy following 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. The launch of TRUMP also propelled Solana-based DEX Meteora's TVL to surpass $1 billion for the first time, experiencing a 130% growth in 24 hours, while its swap trading volume reached an all-time high of $8 billion. The volatile trading price of TRUMP led to high failure rates for Raydium's V3 pool creation and withdrawal, while Meteora's DLMM pools exhibited higher success rates and offered advantages like zero slippage, dynamic LP fees, and flexible liquidity strategies.
Ace Hot Topic Analysis
Analysis
Trump's official Solana meme coin, TRUMP, has sparked a massive market frenzy since its launch, generating over $7 billion in on-chain trading volume in 24 hours, surpassing the total trading volume of Ethereum and all its L2s. TRUMP's launch has also propelled the growth of Solana-based DEX Meteora, its TVL exceeding $1 billion for the first time, a 130% increase in 24 hours, with swap volume reaching an all-time high of $8 billion. The volatile trading price of TRUMP has led to a high failure rate in Raydium's minting and withdrawing V3 pools, while Meteora's DLMM pools have performed exceptionally well, maintaining a high success rate despite the drastic price fluctuations. Meteora's DLMM pools offer the ability to provide zero slippage, dynamic LP fees, and flexible liquidity strategies, attracting a large user base and contributing significant revenue to the protocol.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
TRUMP Meme coin trading volume is huge, exceeding the total trading volume of Ethereum and its L2s.
TRUMP Meme coin pushes Meteora TVL to break $1 billion for the first time, 24-hour Swap trading volume hits a new high.
The DLMM pool provides no slippage, dynamic LP fees and flexible liquidity strategies to meet the needs of DeFi users.
TRUMP Meme coin trading price fluctuates sharply, leading to a high failure rate in Raydium's casting V3 pool withdrawal, while DLMM performs stably.