Memecoins, once dismissed as a little more than internet wives, have cemented itself as a permanent fixture in the crypto economy, according to new research from Galaxy Digital.
In a report published on Wednesday, research analyst claims that the sector has matured to a cultural and financial strength in itself. Galaxy estimates digital assets tied to MEMES now represents a meaningful proportion of trading activity and investor interest that extends far beyond Dogecoin and Shiba Inu.
A cultural and trading phenomenon
Owens wrote that Memecoin’s “catches attention and capital” by mixing humor with financial speculation, which made them uniquely effective to call new participants in crypto.
Galaxy’s research quotes the growing number of users interacting with Memecoins, not only as dealers, but also as members of the community who build stories, memes and digital identities around the symbols.
On the trade side, Owens notes that Memecoin’s consistently generates some of the highest liquidity and fee volumes in the industry competing with mainstream assets. Their volatility, he added, has transformed them into a reliable source of income for exchange and liquidity providers.
Pump.Fun and infrastructure changes
One of the most striking developments highlighted in the report is The Rise of Pump.Fun, a Solana-based platform that lets any launch a Memecoin in minutes. Galaxy said the service has turbocharged activity in 2025, creating thousands of new tokens and contributing to record high generation at Solana.
While many of these tokens are falling rapidly, Owens argued that the platform illustrates how Memecoin’s transformer Crypto’s infrastructure. He believes that Memecoins, by conducting experimentation in token issuing, liquidity stopping and trading mechanics, helps press test-test blockchain ecosystems on scale.
Long -term consequences
The report warned that most Memecoins remain speculative and short -lived, but said the broader trend is undeniable: the sector is no longer a passing fashion. “Memecoins are here to stay,” Owens wrote, emphasizing their ability to maintain user engagement and influence the protocol economy across multiple chains.
Galaxy concludes that Memecoins have moved in addition to being a market side show and evolving into a structural component of crypto culture, trade and infrastructure.
