NFT cooling down, meme coins booming: How Solana became the new favorite among traders

【Crypto World】The popularity of NFTs has significantly cooled down in the past two years. Trading activity is now mainly concentrated on a few top platforms, with small platforms hardly seeing any business. What’s more interesting is that traders’ attention has shifted to meme coins, especially projects on Solana. Why? Just one word—speed. Solana’s low transaction fees and fast settlement times are no joke, making high-frequency trading a reality. Old-school meme coins like Dogecoin and Shiba Inu remain popular, while newly issued tokens on the Solana chain are traded more frequently. But you’ll find that most of these trades are short-term speculation, with few people holding long-term. Investors’ mindset has changed; they now seek a market that is fast, flexible, and highly interactive. In comparison, the patience and capital required for NFTs have gradually been abandoned by the market.