Once dismissed as an online joke, memecoin has become an integral part of the crypto economy, according to new research from Galaxy Digital. Research analyst Will Owens noted in a report published on Wednesday that the industry itself has evolved into a cultural and economic force. Galaxy estimates that digital assets tied to memes now account for a sizeable share of trading activity and investor interest, well beyond Dogecoin and Shiba Inuit.
Galaxy's research shows that more and more users are interacting with Memecoins not only as traders, but also as community members to build narratives, memes, and digital identities around these tokens. On the trading front, Owens noted that Memecoins continue to generate some of the highest liquidity and fees in the industry, comparable to mainstream assets. He added that the volatility of Memecoins makes them a reliable source of income for exchanges and liquidity providers.
Galaxy Digital: The volatility of memecoin makes it a reliable source of income for exchanges and liquidity providers
2025-10-02 02:24:58
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