According to a new study from Galaxy Digital, MemeCoins have once been dismissed more than internet jokes, solidifying themselves as a permanent fixture in the crypto economy.
In a report released Wednesday, research analysts argue that Owens has matured the sector into its own cultural and economic forces. Galaxy's digital assets related to memes currently represent a meaningful share of trading activities and investor interest, far surpassing Dogecoin and Shiba Inu.
Cultural and trading phenomena
By combining humor and financial speculation, Owens writes that Memecoin “captures attention and capital,” which has its own effect in putting new participants in the encryption.
Galaxy research has seen an increasing number of users interacting with Memocoin not only as traders but also as community members who build stories, memes and digital identities around tokens.
On the trading front, Owens points out that Memecoin consistently generates the highest liquidity and fee volume in the industry, comparable to mainstream assets. Their volatility transformed them into a reliable revenue stream for exchange and liquidity providers, he added.
Shifting Pump.Fun and Infrastructure
One of the most impressive developments highlighted in the report is the rise of Pump.fun. According to Galaxy, the service has conducted turbocharged activities in 2025, creating thousands of new tokens, contributing to record-breaking charge generation in Solana.
While many of these tokens are disappearing quickly, Owens claimed that the platform shows how Memecoin is restructuring Crypto's infrastructure. He believes that memokine will help pressure tests in large blockchain ecosystems by facilitating token issuance, liquidity bootstrap and trading mechanic experiments.
Long term meaning
The report warned that most Memecoins remain speculative and short-lived, but said the broader trend cannot be denied. This sector is no longer a passing fad. “Memecoins stays here,” writes Owens, highlighting its ability to maintain user engagement across multiple chains and influence protocol economics.
For the Galaxy, the conclusion is clear. What began as a sideshow is now a structural part of the cryptography. It is something investors, developers and policymakers can no longer ignore.
