The recent warming of discussions about whether “Solana's meme currency traders are turning to other chains” is not supported by the chain data, according to external sources. Even though BNB Chain and Robinwood once attracted speculative capital, Solana remained active.
Market focus shifted to competitive chains
According to the article, as cross-chain trade applications attracted more new users, the market began to question Solana ' s position as the home of encrypted speculation. Some traders and KOL believe that the recent lack of a strong new meme project on Solana is not as strong as other networks.
It is mentioned that the market value of some of the high-profile tokens on Solana did not exceed $20 million, while the individual meme on BNB Chain rose to over $40 million. Such cases are seen by some market participants as financial wheeling signals.
The profit data is more controversial.
In addition to inter-chain competition, the profitability of traders is also at the centre of controversy. The article refers to an independent analysis that only about 6 per cent of Solana ' s traders are in a profitable position, with a median trader ' s loss of approximately $120.
It was also mentioned that some of the chain-to-breed products were lowering the threshold for participation, but the meme currency trade itself remained complex. Some of the tools allow users to spread out their warehouses through “old wallets”, weaken the direct connection between the addresses and make it more difficult for new entrants to judge the distribution of the warehouses.
The chain still shows Solana active
However, according to the article, Solana did not lose its dominant position if viewed only from the chain. According to Dune Analytics, the lead phase of Robinhood as a meme currency trade hotspot lasts for a short period and lasts only a few weeks before being replaced by BNB Chain.
Then Solana regained the lead again. Although BNB Chain has recently again gained advantage over individual popular tokens, overall Solana still has a higher number of chain traders, indicating greater market participation.
Blockworks also shows that Solana has more than 46 per cent of its daily turnover from meme currency transactions. This ratio shows that meme coins remain one of the most important trading scenes of the network.
It's not the first time you've seen a wheel like that.
According to the article, this is not the first time that the market has discussed the end of Solana's meme currency dominance. In October 2025, there was also a temporary flow of funds to BNB Chain. In July this year, Robinhood was able to move up the chain, but then to Solana.