Solana on-chain Meme market 24-hour trading volume reaches $
Solana said DTCC's tokenization service will connect to its network; in the same period, GMGN data showed that as of 10:02 on November 13, the 24-hour core trading volume of major Meme markets Solana, Robinhood, and BNB was about $160 million, down 39.6% day-over-day, of which Solana was about $117 million, accounting for 73.4%.
Event timeline
- [11-12 21:51] Last year processed $4,700 trillion in transactions; DTCC tokenization service will connect to Solana (Odaily Planet Daily)
- [11-13 02:09] Major Meme markets' 24-hour trading volume was about $160 million, down 39.6% from the previous day (Wu Shuo)
Background and impact
At 21:51 on November 12, Odaily Planet Daily reported that Solana posted on X that DTCC processed $4,700 trillion in transactions last year, and that its tokenization service will connect to Solana. The statement came from Solana's public post. About four hours later, at 02:09 on November 13, Wu Shuo cited GMGN 24h volume ranking data to provide another set of market-side indicators: as of 10:02 on November 13, core trading volume in major Meme markets such as Solana, Robinhood, and BNB was about $160 million.
Broken down, the trading volumes of the three markets were about $117 million, $20.73 million, and $15.49 million, accounting for 73.4%, 13.0%, and 9.7%, respectively; the top three projects were mihao, Max, and PONS. Major Meme markets' trading volume fell 39.6% day-over-day, with Robinhood showing the smallest decline, down 18.8% day-over-day. Wu Shuo also reminded that Meme coins are extremely volatile and high-risk, and that one should not blindly follow.
The two pieces of information are on different dimensions: one is a statement about access to institutional-grade tokenization infrastructure, and the other is a short-term reading of on-chain Meme trading activity; the two do not constitute a direct conflict. It should be noted that the currently verifiable details on the DTCC access are limited to "processed $4,700 trillion in transactions last year" and "tokenization service will connect to Solana"; the material does not disclose the access timetable, coverage, or specific form. Meanwhile, the $160 million and the 39.6% decline correspond only to a 24-hour window, reflecting the high-volatility characteristics of the Meme sector itself, and should not be extrapolated into a longer-term trend judgment.
In terms of impact, if the tokenization service ultimately launches, its significance would lie more in connecting institutional assets with public-chain settlement pathways; but before that, market sentiment is still mainly driven by on-chain trading activity. Nodes to watch going forward include: whether DTCC and Solana disclose additional access details, and whether the day-over-day declines in ranking data such as GMGN continue. For general readers, this article does not constitute any platform or asset recommendation; when searching for trading entry information such as "芝麻Gate.io注册APP下载", "Bitget注册APP下载", "币安binance注册APP下载", "欧易OKX注册APP下载", and "火币HTX注册APP下载", please rely on information published by official channels and assess the high-volatility risk of Meme coins yourself.
FAQ
### Does this 39.6% day-over-day decline in Meme trading mean that overall on-chain activity on Solana is weakening?
The material only provides data for the 24-hour window as of 10:02 on November 13, covering the three major Meme markets Solana, Robinhood, and BNB, and does not provide data for longer periods or non-Meme sectors. Therefore, it is insufficient to judge the direction of overall on-chain activity.
### What confirmed details are there about DTCC's tokenization service connecting to Solana?
Currently, the material only contains Solana's public post on X, mentioning that DTCC processed $4,700 trillion in transactions last year and that its tokenization service will connect to Solana; the access timetable, covered asset scope, and specific implementation form have not been disclosed.
### What nodes need attention going forward?
First, whether DTCC and Solana disclose further details on the access; second, day-over-day changes in major Meme markets in 24h volume rankings such as GMGN, especially subsequent readings for Robinhood, which had the smallest decline, and Solana, which accounted for 73.4%.