The factory never stopped
An on-chain review of Solana published on April 10, 2026 by OKX's research desk puts hard numbers on something anyone with a wallet already felt: the launch conveyor is running flat out. More than 30,000 new memecoins per day, roughly $100 million of daily volume generated by that activity, and over $1.3 billion in 24-hour DEX volume across the network, which the note says continues to lead the whole market.
The price tape was less exuberant. $SOL changed hands in an $83-$85 range, and Solana's DeFi total value locked sat at $5.5-6 billion against earlier peaks nearer $10 billion. The analyst's framing: Solana's memecoin ecosystem remains the strongest magnet for retail capital in crypto, and any altseason plausibly starts there before spreading.
- 30,000+
- new memecoins launched per day
- $1.3B+
- Solana 24h DEX volume
- $83-85
- SOL trading range on April 10
Institutions are still nibbling
In parallel, a Capital.com market update records spot SOL ETFs logging their last major single-day inflow of $11.5 million on April 10, 2026, taking cumulative net inflows since listing to $974.68 million. It is not a torrent, but it is a bid that does not care what is trending on the launchpad.
What it means for degens
Thirty thousand launches a day sharing about $100 million of volume is arithmetic, not opportunity: the average new token is fighting for roughly $3,000 of flow. Supply of tickers is effectively infinite; attention is not. When TVL is falling while launch counts stay high, the ecosystem is not growing — it is churning the same liquidity faster.
On-chain analysis of Solana, April 2026April 10, 2026 review of Solana DEX volume, memecoin launch counts, SOL range and DeFi TVL.www.okx.com Solana market update: ETF inflows and the Alpenglow upgradeCapital.com — cites cumulative spot SOL ETF net inflows and the April 10, 2026 single-day inflow figure.capital.com