Memecoin Seasons by Ecosystem as DEX Volume Quadruples

Daily trading volume on decentralised exchanges rose last week from $3.3 billion to a peak of $12.9 billion, an increase of nearly four times. Meanwhile, the memecoin market shows a striking pattern: rather than one broad rally, speculative activity is increasingly spreading across separate ecosystems, each with its own standouts. That is according to data from CryptoRank and DefiLlama covering the period through 24 August 2026.

In brief:

• Daily DEX volume rose last week from $3.3 billion to $12.9 billion on 21 August.
• Memecoins on Solana, Base, Hyperliquid and Robinhood each had their own winners.
• Speculative capital is increasingly rotating between ecosystems rather than following one market-wide move.

Solana and Base lead with extreme outliers

Solana saw the largest individual gains. CYBERLEEK rose 1.639% in seven days, followed by WEN with +382%, CATE with +159% and NPC with +118%. TRUMP (+77%), PONKE (+57%) and USELESS (+56%) were also in the top seven Solana memecoins. Solana is trading at $96.93 on Monday, up 1.3% in the past 24 hours.

On the Base network, DRB dominated with a weekly gain of 539%, well ahead of KEYCAT and BRETT, which both rose 40%. TOSHI gained 37% and TIBBIR 34%, while BASECAT and DEGEN posted more moderate gains of 13% and 11%, respectively. According to CryptoRank, the rest of the Base memecoin