Solana has processed 38 million transactions involving autonomous AI agents, according to a post on its official X account. This activity coincides with strong on-chain fundamentals, including a weekly DEX volume of $36 billion, even as major memecoins on the network see significant declines. The data suggests a potential shift in investor focus from speculative memecoins to AI-driven utility on the blockchain.
A reported 38 million blockchain transactions have been executed by autonomous AI agents on the Solana network. This data was highlighted in a recent post on X shared by Solana’s official account.
The post’s quote, “no more memecoins,” ignited immediate discussion within the crypto community. Binance founder CZ jumped in to defend Solana’s memecoins, while skeptics suggested exchanges profit from listing them. Meanwhile, Solana demonstrated robust on-chain activity despite market volatility.
Its weekly spot DEX volume reached a 13-week high of $36 billion, according to SolanaFloor data. This strong fundamental performance stands in contrast to the recent memecoin downturn.
Prominent memecoins like Official Trump [TRUMP] have fallen sharply, with TRUMP losing 40% of its value. The broader memecoin market cap is down 35% for the month. This divergence highlights a changing risk-reward profile for investors.
The significant transaction volume from AI agents points toward growing utility-based activity on the network. This trend suggests investors may be favoring projects with substantive use cases over purely speculative assets.
