TRENCH
SIMULATION

TRENCH-PERP

Solana activity index
Index1,284.60
Mark price1,283.92
24h change+63.96 / +5.24%
Memecoin volume / 24h$3.82B
Active traders / 24h401,289
Demo data
Indicators ⌄
Price overlaysLower panes

Calculated from simulated OHLC. Drag separators to resize panes.

SIMULATEDTRENCH · 5m1,284.60
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Index components

24h
What’s moving the index

Volume and participation are driving today’s increase.

Metric24h / contribution

Composite activity, not token prices.

SOLANA / MARKET INTELLIGENCE

Inside the trenches.

Follow participation, liquidity and the lifecycle of new memecoins.

Illustrative data · 24 hours
Trading volume$3.82B+12.64% vs previous 24h
Active traders401,289+8.91% vs previous 24h
New launches18,406+15.27% vs previous 24h
Successful migrations1,947−3.06% vs previous 24h

Volume & participation

Hourly volume with active-trader counts.

VolumeTraders
Left axis: volume (USD millions) · Right axis: active traders (thousands)

Index attribution

Contribution to the +5.24% daily move.

Volume+2.63 pp
Traders+1.57 pp
Launches+1.36 pp
Migrations−0.32 pp

Illustrative attribution, not a finalized index calculation.

LAUNCH ACTIVITY

Creation is accelerating.
Migration is slowing.

Tracking both helps distinguish more launches from sustained market participation.

Launches / last 24h18,406+15.27%
Migrations / last 24h1,947−3.06%

These are separate event counts, not a cohort conversion rate.

RESEARCH / METHODOLOGY

A measure of activity.
Not a basket of tokens.

The proposed index tracks participation in the Solana memecoin market.

Methodology in development

What goes into the index

Four signals describe how much is trading, who is participating, and whether new launches progress.

01

Trading volume

Eligible memecoin trading volume across selected Solana venues. Wash-trading filters and venue coverage remain to be defined.

02

Active traders

Unique trading wallets within a defined window. Wallet deduplication, bot filtering and eligibility rules are still under research.

03

New launches

New eligible memecoins created during the measurement period. Launchpad coverage and spam exclusion require explicit rules.

04

Successful migrations

Launches that reach a defined liquidity milestone. Migration events and qualifying destinations must be specified.

SOLANA / ONCHAIN DATA

The chain behind the market.

Real provider snapshots. A broader view of Solana’s liquidity and activity.

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DeFi total value locked

Daily snapshots · USD · DefiLlama

Coverage & provenance

What these numbers actually measure.

Solana DeFi

TVL, all-token DEX volume, circulating stablecoins and fees of tracked protocols.

Explore DefiLlama ↗
Memecoin index

Not derived from these chain-wide aggregates. Token eligibility, launch events and deduplicated traders still need a dedicated pipeline.

Dune

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API access & pricing ↗

Solana DEX activity

Tracked protocols ranked by 24-hour volume. Not memecoin-only.

ProtocolVolume / 24hChange / 24hSource

Data archive & index readiness

Recorded sources and the inputs needed for a reproducible memecoin index.

Checking archive…