Source: Coindesk.com
Memecoins embody the “Wild West” image of DeFi. Thanks to the stratospheric success of tokens like Dogecoin (DOGE) and Shiba Inu (SHIB), the memecoin market collectively boasts a market cap of $54.4 billion – a number that would’ve seemed outrageous when these assets first emerged. And yet here we are.
As recently as March, memecoin trade volumes
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Source: Coindesk.com