Which chain led memecoin activity?

TLDR

Solana led on-chain memecoin activity this week, with trading surges centered on Solana launchpads and notable meme rallies across its ecosystem, including BONK. Evidence includes Solanas Pump.fun hitting a record volume and ecosystem-wide gains in memecoins (market update).

1. Solana: Pump.fun volume reached a record $1.27 billion, while Solana meme tokens rallied broadly (market update).
2. Ethereum: PEPE led daily gains among top memecoins, signaling renewed meme interest on ETH (memecoin gains).
3. Base: Momentum pockets persisted, with based-brett/">BRETT highlighted as a leading Base meme in recent threads (community recap).

Deep Dive

1. Solana Lead

Solana is the clear leader on recent on-chain meme activity, driven by high-velocity trading and launchpad flows. A market rundown noted Solanas Pump.fun set a record $1.27 billion as memecoin volumes and retail activity surged on-chain (market update). Coverage also described a Solana memecoin revival and double-digit gains across SOL-focused memes, with BONK up strongly in the week (ecosystem recap).

Solanas throughput and low fees make fast rotations possible, which is reflected in launchpad and DEX volume. Recent commentary tied SOLs TPS strength to the breadth of meme activity and sustained inflows into launchpads (network view).

2. Ethereum Price Leaders

While Solana led on-chain activity, Ethereum hosted key price leaders among major memes. PEPE led daily performance, outpacing BONK and DOGE in multiple reports, and helped lift meme sector cap and volumes week to date (memecoin gains). Broader coverage emphasized PEPEs volume strength and rising open interest during the meme rebound (price forecast).

This splitSolana leading on raw on-chain activity and Ethereum leading with top-cap price moverssuggests liquidity differences across venues and investor profiles.

3. Base Momentum

Base showed pockets of momentum, with community threads calling out BRETT as a chain front runner during the meme resurgence (community recap). Base-focused accounts also highlighted recent movers and ongoing builder signals inside the Base ecosystem (ecosystem digest).

While Base doesnt yet match Solanas sheer on-chain meme throughput, the chains growing creator and builder activity continues to seed cycles of meme attention.

Conclusion

Solana led memecoin activity on-chain this week (launchpads, DEX turnover, broad meme rallies), while Ethereum hosted key price leaders like PEPE. Base provided momentum pockets, particularly around BRETT. For active on-chain trading, Solana looks strongest; for deeper centralized liquidity, ETH memes dominated the top-cap price moves.