by Coinstrooper Crypto Articles
Quick Take
  • Meme coin market added close to $3 billion on Thursday.
  • The sector is now worth $29.3 billion, up almost 10% today.
  • Solana, BNB Chain and Robinhood Chain each claim a share of it.
  • Thursday’s trading data says only one of them is really winning.

What Happened

Robinhood Chain managed $510.8 million. It is the newest of the three, launched in July as a network for tokenized stocks.

Its launchpad token drew much of that. Pump.fun (PUMP) traded $286 million, fourth among all meme tokens.

Market Context

Meme coin market added close to $3 billion on Thursday. The sector is now worth $29.3 billion, up almost 10% today. Three blockchains are fighting over that money.

Solana, BNB Chain and Robinhood Chain each claim a share of it. Thursday’s trading data says only one of them is really winning.

Dogecoin (DOGE) led with $1.24 billion, and it runs on its own network. DOGE price rose 12.3%. Pepe (PEPE) followed with $514 million, and it sits on Ethereum. Official Trump (TRUMP) took $421 million.

So the contested pool is far smaller than the headline suggests. Market cap shows what a token is worth, not where traders went.

Two numbers show that. Volume records where money moved. Fees record what the chain kept.

Solana Wins Thursday’s Volume Test

Fees Show Whose Volume Is Worth Something

Volume is the easier number to grow. Blockspace is cheap, and a dollar can change hands many times in a day.

The distance is stark. Solana moved 5.9 times Robinhood’s volume but earned 15.6 times its fees.

Now measure fees per dollar traded. BNB Chain converted 0.055% of its volume. Solana managed 0.031%. Robinhood Chain kept 0.012%.

The effect shows in the totals. Solana takes 63% of the three chains’ volume but only 55% of their fees.

Solana, on both measures. It leads on volume traded and on total fees earned, and no rival is close on either.

Why It Matters

Most of the $3 Billion Never Touched These Three Chains

The headline number flatters all three. Meme tokens traded $3.6 billion on Thursday, and three coins accounted for 59% of it.

Details

Solana processed $3.01 billion in decentralized exchange trades over 24 hours, DefiLlama data show. BNB Chain handled $1.25 billion.

Solana therefore out-traded both rivals combined. It took 63% of the three chains’ total flow.

One caveat applies to every figure here. These totals cover all tokens on each chain, not meme coins alone.

Fees are harder. Solana earned $925,809 in chain fees on Thursday. BNB Chain took $689,745. Robinhood Chain collected $59,275.

That reorders the podium. Solana wins on scale, but BNB Chain extracts nearly twice as much value from each dollar.

Chains with no meme scene still earned more. Ethereum collected $1.22 million and Tron took $876,853.

Robinhood Chain ranked tenth among all chains, behind Polygon.

Who is Winning Meme Coin Season