Упадок числа трейдеров на Solana: Мошенничество с мем-коинами ставит под угрозу развитие экосистемы Headline: Decline in Solana Traders: Memecoin Scams Threaten Ecosystem Growth

The number of traders on DEX within the Solana network has been steadily declining. Experts attribute this trend to an increase in fraudulent activities within the meme-coin sector.

According to Dune’s data, the peak of daily users reached 4.8 million in January, but by August, this figure had dropped to 900,000.

Daily transactions on decentralized exchanges have also witnessed a decline. In June, the number peaked at 45 million, but it has since fallen to under 30 million.

Ryan Li, the chief analyst at Bitget, believes that one of the factors contributing to this reduced activity is the rising incidence of rug pulls associated with «funny coins.» He noted that Solana’s dependence on the «volatile activity of meme coins could undermine the sustainable growth» of its ecosystem.

In August, hackers compromised Instagram accounts of several celebrities, including singers Adele and Tyla, as well as Michael Jackson’s heirs. Through these accounts, the perpetrators promoted fraudulent tokens based on Solana.

A similar incident occurred with the CR7 coin, allegedly linked to football star Cristiano Ronaldo. Moments after the post appeared on the athlete’s page, the asset’s market cap soared to $143 million, after which insiders drained all the liquidity.

On August 27, cybercriminals hacked Kanye West’s account to promote a fake meme-coin called YZY. This led to an over 80% drop in the official rapper’s token.

Li also pointed out that the decline in activity on Solana-DEX could be linked to increased competition from other blockchains.

The network is attracting more institutional investors and other major players, while the number of retail traders is decreasing. Without moving beyond meme coins, it will struggle to compete with the broader DeFi ecosystem on Ethereum.

At the start of the year, Solana’s DEX accounted for 76% of the trading volume. As of August 28, this figure had fallen to 26%.

Amid the overall slowdown of activity on Solana, the metrics for the meme-coin generation platform Pump.fun continue to grow.

The trading volume on the platform exceeded $210 million in the past 24 hours, and its market share reached 86%. Since its launch, total revenue has surpassed $800 million.

In the past two weeks, Pump.fun has also repurchased PUMP tokens worth $15 million. Over the last month, the coin’s price has risen by 38.4%, reaching $0.003 at the time of writing.

It’s worth mentioning that on August 8, the platform launched the Glass Full Foundation. This initiative aims to develop the ecosystem of meme coins on Solana.