#Trump Meme Coin Trading Volume Breaks Record#
Hot Topic Overview
Overview
Trump's official Solana meme coin, TRUMP, has surpassed $7 billion in on-chain trading volume in the 24 hours since its launch, exceeding the total trading volume of Ethereum and all its L2s. It has also propelled Solana-based DEX Meteora's TVL to surpass $1 billion for the first time, with a 130% increase in 24 hours. Its swap volume reached a record high of $8 billion. The TRUMP-USDC trading pair is the largest pool on-chain, with a TVL of $493 million. This pool alone has contributed $14 million in revenue to the protocol in the past 24 hours.
Ace Hot Topic Analysis
Analysis
Trump's official Solana meme coin, TRUMP, has seen over $7 billion in on-chain trading volume in the 24 hours since its launch, surpassing the total trading volume of Ethereum and all its L2s. This phenomenon has also driven the TVL of Solana-based DEX Meteora to surpass $1 billion for the first time, with a 130% increase in the past 24 hours. Its swap volume reached a record 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 zero slippage, dynamic LP fees, and flexible liquidity strategies, attracting a large number of users. Despite the volatility of TRUMP's price, the minting and withdrawal success rate of the DLMM pool remains high, thanks to its flexible liquidity strategy. TRUMP's success has also brought huge gains to the Meteora protocol, with the TRUMP-USDC trading pair alone contributing $14 million in revenue to the protocol in the past 24 hours.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
TRUMP Meme coin trading volume is staggering, surpassing $7 billion in 24 hours, exceeding the total trading volume of Ethereum and all its L2s.
The launch of TRUMP Meme coin has pushed Meteora DEX's TVL to surpass $1 billion for the first time, and its 24-hour Swap trading volume has also reached a record high.
The price fluctuation of TRUMP Meme coin has led to a high failure rate in Raydium's minting and withdrawing V3 pools, while Meteora's DLMM pools have shown higher stability and success rate.
Meteora's DLMM pools offer zero slippage, dynamic LP fees and flexible liquidity strategies, attracting a large number of users and funds.