Memecoins, once discarded as little more than Internet jokes, have established themselves as a permanent element of the cryptographic economy, according to a new Galaxy Digital research.
In a report published on Wednesday, research analyst Will Owens argues that the sector has matured in a cultural and economic force in its own right. Galaxy estimates that digital assets linked to memes now represent a significant proportion of commercial activity and the interest of investors, which extend far beyond Dogecoin and Shiba Inu.
A cultural and commercial phenomenon
Owens wrote that Memecoins “capture attention and capital” combining humor with financial speculation, making them exceptionally effective to incorporate new cryptography participants.
Galaxy’s research cites the growing number of users who interact with Memecoins not only as merchants but also as community members who create narratives, memes and digital identities around tokens.
On the commercial side, Owens points out that Memecoins constantly generate some of the highest volumes of liquidity and rates in the industry, rivaling with conventional assets. Their volatility, he added, has made them a reliable source of income for liquidity exchanges and suppliers.
Pump.fun and infrastructure
One of the most striking developments in the report is the rise of Pump.fun, a Solana -based platform that allows anyone to launch a memory in minutes. Galaxy said the service has turbocharged activity in 2025, creating thousands of new tokens and contributing to the generation of record rates in Solana.
While many of these tokens fade rapidly, Owens argued that the platform illustrates how Memecoins is remodeling Crypto’s infrastructure. He believes that by promoting the experimentation in tokens emission, liquidity and mechanics start of commerce, Memecoins is helping to test the blockchain pressure ecosystems on scale.
Long -term implications
The report warned that most memecoras are still speculative and short -lived, but said that the broader trend is undeniable: the sector is no longer a passing fad. “Memecoins are here to stay,” Owens wrote, emphasizing their ability to maintain user participation and influence the protocol economy in multiple chains.
Galaxy concludes that Memecoins has gone beyond being a secondary show, evolving to a structural component of cryptographic culture, trade and infrastructure.
