According to a report by Jinse Finance, memecoins were once regarded as internet jokes, but have now become an indispensable part of the crypto economy, based on the latest research from Galaxy Digital. 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 digital assets related to internet memes now account for a significant share of trading activity and investor interest, far exceeding DOGE and Shiba Inu.
Research from Galaxy indicates that an increasing number of users are not only interacting with shitcoins as traders but also building narratives, memes, and digital identities around these tokens as community members. In terms of trading, Owens points out that shitcoins consistently generate the highest liquidity and fees in the industry, rivaling mainstream assets. He adds that the volatility of shitcoins makes them a reliable source of income for exchanges and liquidity providers.
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