Galaxy Digital: The volatility of memecoins makes them a reliable source of revenue for exchanges and liquidity providers

Jinse Finance reported that, according to the latest research from Galaxy Digital, memecoins, once regarded as internet jokes, have now become an indispensable part of the crypto economy. Research analyst Will Owens pointed out in a report released on Wednesday that the industry itself has evolved into a cultural and economic force. Galaxy estimates that digital assets related to memes now account for a considerable share of trading activity and investor interest, far beyond just Dogecoin and Shiba Inu. Galaxy's research shows that an increasing number of users are engaging with memecoins not only as traders but also as community members, building narratives, memes, and digital identities around these tokens. In terms of trading, Owens noted that memecoins consistently generate the highest liquidity and fees in the industry, comparable to mainstream assets. He added that the volatility of memecoins makes them a reliable source of revenue for exchanges and liquidity providers.