Looking at meme coins from the data: PEPE wins the Nansen user popularity and AIDOGE is second, and the difference in Liquidity can be seen in the real chapter

The mainstream currencies are down, and the meme coins PEPE, AIDOGE, and WOJAK are growing radically, becoming representatives of this wave of fiery upwards. Nansen, an on-chain data company, shows that the meme coin PEPE has become the most popular currency among different users of the platform. What about the performance of other data of Memecoin?

The meme coin PEPE skyrocketed! Nansen data shows heat wins

Although the Liquidity of memecoin is not good , many investors are willing to take risks and try in the state of rapid skyrocketing.

Nansen, an on-chain data company, said that PEPE, the meme coin, ranks first in search popularity among users of their various payment schemes. It means that no matter what type of users (paying different specifications and amounts), they are very interested in PEPE.

According to CoinMarketCap statistics , the price of PEPE has increased upwards and has been reduced by two decimal places:

Nansen data: meme coins AIDOGE and WOJAK are less popular

In the same data, you can see the users who use Nansen Lite (free version), followed by the meme coin AIDOGE.

But for Standard users who are willing to pay the cost (standard version, 100 US dollars per month), the meme coin AIDOGE falls to the seventh place.

Higher-level users VIP users (1000/2000 US dollars per month), for AIDOGE, they are not among the main currencies at all.

Another wildly growing meme coin, WOJAK, is completely out of the sight of Nansen users.

Since users who use on-chain data to observe market movements are considered to be more rational investors, it may be possible to see the actual popularity of different meme coins from the on-chain data, not just the increase.

Currency price website: CMC, CoinGecko have no unified results

According to the chain news survey, from the currency price websites CMC (CoinMarketCap) and CoinGecko, which are commonly used by investors, there is no uniform result of search enthusiasm.

The above three meme coins did not appear in CMC’s popular searches, but there was another newer niche meme coin THEPEPE:

In the CoinGecko search, PEPE, AIDOGE, and WOJAK all appear, but PEPE is still the most popular:

There will be these two differences, which may be due to the difference in the statistical methods of the two sites and the difference in user types.

Chain news analysis: Meme coin Liquidity PEPE, AIDOGE, WOJAK

According to CMC 5/2 data:

• PEPE's main Liquidity is in OKX (23%), Uniswap v2 (20%) and v3 (18%), relatively high transaction costs of decentralized exchanges (DEX), 24-hour trading volume is 189 million US dollars, the center Trading volume on the Chemical Exchange (CEX) was $272 million.
• The main Liquidity of AIDOGE is in OKX (42%) and Gate.io (13%), and the trading volume of DEX is very scarce. The 24-hour trading volume of centralized exchanges is as high as 210 million US dollars, but the trading volume of DEX is only 5.34 million US dollars.
• The main Liquidity of WOJAK is Uniswap v2 (36%) and MEXC (28%). The 24-hour trading volume of the centralized exchange is 59 million US dollars, and the DEX is 34.58 million US dollars.

Overall, PEPE has the highest Liquidity and is evenly distributed in DEX/CEX; AIDOGE is highly concentrated in CEX, ranking second in Liquidity; WOJAK is also average in DEX/CEX, with the least Liquidity.

What message does this reveal? At present, the gas fee is soaring, and the transaction cost is very high. There is still a relatively high proportion of transaction volume in DEX, which may represent a high proportion of natural transaction behavior, and the chips are relatively scattered. Relatively speaking, the currencies with a concentrated proportion of CEX transactions are more difficult to grasp the actions of market makers.

The above is for reference only, and investors should assess their own risks.