A few years ago, they were dismissed as nothing more than an internet joke with no real value. Today, however, memecoins – cryptocurrencies based on memes and humor—are becoming a structural part of the entire crypto ecosystem. This is highlighted in a new report by Galaxy Digital, prepared by analyst Will Owens.
The study shows that memecoins are no longer limited to Dogecoin or Shiba Inu. This segment has secured a strong position not only in the market but also in culture—thanks to its unique mix of humor, community, and speculative investing. “Memecoins are able to capture both attention and capital, effectively bringing new people into the world of crypto,” Owens notes.
Beyond trading, community engagement plays a crucial role. Users create narratives, digital identities, and memes around tokens, further enhancing their cultural significance.
On a purely trading level, memecoins rank among the assets with the highest liquidity and fee volumes, making them a reliable revenue source for exchanges and liquidity providers. According to Galaxy Digital, in many ways they even compete with mainstream cryptocurrencies.
One of the defining moments of 2025 is the boom of the Pump.fun platform. Built on the Solana blockchain, it allows anyone to launch their own memecoin within minutes. The result? Thousands of new tokens and record fees pushing Solana to new highs.
While most new coins disappear quickly, Owens argues that this experimental approach shows how memecoins are reshaping the very infrastructure of crypto. They drive innovation in token issuance, liquidity, and trading mechanisms, testing blockchain ecosystems’ resilience in practice.
Although most memecoins remain short-term speculations, Owens emphasizes that the trend as a whole is undeniable. “Memecoins have evolved from a fringe trend into a permanent part of the crypto world,” he wrote in the report.
Sources:
https://www.galaxy.com/insights/research/memecoins-pump-fun-solana-kols