Memecoins were once strongly associated with individual blockchain ecosystems. Dogecoin developed its own network, Ethereum became home to tokens such as Shiba Inu, while Solana later emerged as a major venue for rapid token creation and speculative trading.

Memecoin activity has become increasingly multichain. Traders and launchpads now operate across Solana, BNB Chain, Base and newer ecosystems, allowing speculative capital to move rapidly between networks.

The scale of token creation demonstrates this trend. MemeFees recorded more than 85,000 token launches across tracked launchpads on September 30, while its October 1 snapshot showed more than 73,000 launches already recorded that day.

Lower Costs Encourage Token Experimentation

Memecoins depend heavily on frequent trading, community participation, and rapid token creation. Networks offering inexpensive transactions can support this activity without users paying substantial fees for every trade.

Solana remains an important example. On September 9, the network recorded more than 263,000 new SPL tokens issued in a single day, setting a record. Approximately 40,360 came through tracked launchpads, with Pump.fun accounting for 34,184. By comparison, Solana was producing nearly 40,000-50,000 tokens daily during the December 2024 memecoin peak.

Launchpads Drive Activity Across Networks

Token launchpads have lowered technical barriers by automating token creation, liquidity and trading. According to MemeFees data from September 25, a total of over 80,424 launches took place across 16 different platforms. 

Among the various platforms, Pump.fun had the highest number of launches at 34,420, followed by Flap.sh with 15,158, and four.meme with over 13,070 launches. The data indicates that these platforms are operating in different blockchain environments, making it easier for a creator, as they do not have to concentrate around one network.

Liquidity is Moving Between Chains

Cryptocurrency trading activity on Solana remains high. September data shows clearly that Solana’s 30-day DEX volume reached USD 75.42 billion, and according to a recent DEX volume snapshot, about USD 726.7 million, or 27.2%, of the tracked spot-DEX volume was accounted for by memecoin pairs.

BNB Chain has also experienced renewed memecoin activity. Average daily fees paid to its launchpads increased from roughly USD 98,000 in June to USD 1.59 million during September 1-26. This shows how speculative liquidity can migrate as new launchpads, incentives and communities emerge.

Multichain Growth Adds Risks

Expansion across networks introduces additional complexity. Tokens can have similar names across multiple chains, increasing the importance of verifying contract addresses.

Bridges and wrapped assets introduce smart-contract risks, while liquidity distributed across several networks can make markets thinner. High launch volumes also mean traders must distinguish genuine communities from short-lived speculative tokens.

Final Thoughts

Memecoins are evolving from chain-specific markets into a broader multichain trading ecosystem. Low fees, automated launchpads and easier access allow speculative activity to move quickly between networks. However, growing token issuance also increases liquidity fragmentation, contract confusion and exposure to short-lived projects.

Also Read: Robinhood CEO Hints at More Memecoins as Stock-Paired Tokens Drive Chain Activity

FAQs:

1. Why are memecoins expanding across multiple blockchains?

Low transaction costs, easier token creation and automated launchpads allow projects to reach users across different ecosystems. Liquidity can also migrate rapidly toward networks offering stronger incentives or trading activity.

2. How many new tokens are being launched on Solana?

Solana recorded more than 263,000 new SPL tokens on September 9, 2026. Around 40,360 came through tracked launchpads, including 34,184 through Pump.fun.

3. Which launchpads are driving memecoin creation?

MemeFees data showed Pump.fun leading with over 34,420 launches on September 25. Flap.sh recorded 15,158, while four.meme generated more than 13,070 launches.

4. Is BNB Chain gaining memecoin activity?

Yes. Average daily fees paid to BNB Chain launchpads increased from roughly USD 98,000 in June to about USD 1.59 million during September 1-26.

5. What are the risks of multichain memecoins?

Similar token names across networks can create confusion around official contract addresses, while bridges introduce additional smart-contract risks. Fragmented liquidity and large numbers of short-lived tokens can further increase trading risk.