Galaxy Digital: Memecoin's volatility makes it a reliable source of income for exchanges and liquidity providers
according to the latest research by Galaxy Digital, memecoin was once seen as an internet joke, but is now an indispensable part of the crypto economy. Research analyst Will Owens pointed out in a report released on Wednesday that the industry itself has developed into a cultural and economic force. Galaxy estimates that meme-related digital assets now account for a significant share of trading activity and investor interest, far beyond dogecoin and shiba inu coin. Galaxy's research shows that more and more users are not only interacting with meme coins as traders, but also as community members building narratives, memes, and digital identities around these tokens. In terms of trading, Owens points out that meme coins continue to generate the highest liquidity and fees in the industry, comparable to mainstream assets. He added that the volatility of meme coins makes them a reliable source of income for exchanges and liquidity providers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ethereum News Update: Blockchain and AI Collaboration Drives Institutional Transformation with SBET and C3.ai at the Forefront of Hybrid Advancements
- Crypto and AI sectors attract institutional focus as SBET and C3.ai leverage blockchain-AI synergies to capture market share through strategic partnerships and undervalued assets. - SharpLink Gaming's $2.83B NAV and Ethereum staking revenue, combined with C3.ai's Microsoft collaboration, position them as hybrid plays in digital asset management and enterprise AI. - XRP's V-shaped recovery and Ethereum's $3,400 target highlight crypto resilience, while C3.ai's consumption-based pricing model drives six-qu
XRP News Today: XRP's Rise Among Institutions: ETFs Establish Its Role as a Regulated Investment
- XRP's institutional adoption accelerated via new ETFs, with Grayscale and Franklin Templeton recording $164M in debut inflows. - ETF-driven demand pushed XRP to $2.19, while custodians now hold 0.5% of circulating supply, reducing exchange liquidity. - SEC's "Project Crypto" enabled rapid ETF approvals, creating competitive liquidity as XRP ETFs capture 0.5% of $135B market cap. - Analysts project $6.7B in XRP ETF assets by year's end, but warn custodial models risk volatility if redemption pressures eme
Monad Airdrop Enigma Deepens as Hayes’ DeFi Actions Reveal Liquidity Dilemma
- Arthur Hayes, ex-BitMEX CEO, boosted ENA/PENDLE/ETHFI exposure via liquidity provider Cumberland , reflecting DeFi risk management strategies amid volatility. - Hyperliquid listed MON-USD at $0.13, generating $28M trading volume as Monad's October 14 airdrop looms, though allocation rules remain undisclosed. - Hayes' ENA "buy low, sell high" trades highlight DeFi liquidity dynamics, while Monad's 12% circulating float raises liquidity sustainability concerns. - The airdrop's success depends on user adopt
Saudi Arabia's Vision 2030 Encounters Houthi Challenges Amidst Growth in Trade and Technology
- Saudi Arabia strengthens regional trade ties with Egypt, aiming to boost 86% of Egyptian firms' trade under Vision 2030, focusing on tech and energy sectors. - Chinese aesthetic tech firm Aphranel showcases innovations at Saudi medical congress, highlighting growing Middle East market integration. - Houthi threats in Yemen persist, raising regional security risks that could hinder Saudi economic ambitions and foreign investment goals. - Saudi-Egyptian investment agreements aim to enhance legal frameworks
Trending news
MoreCrypto prices
More
