Ignas: Shrinking trading volume will lead to the ineffectiveness of the Meme coin incentive mechanism for cryptocurrency concepts

DeFi researcher Ignas stated that the concept of cryptocurrency, Meme, relies on trading volume and fee income. A decrease in trading volume will lead to a reduction in dividends and repurchase funds, weakened holding incentives, and trigger selling. Ignas pointed out that Coinbase's trading volume in the fourth quarter of 2021 was $547 billion, which dropped to $145 billion a year later, a decrease of about 74%; The future decline in Meme coin trading volume may reach 95%, and currently Uniswap trading volume has shown a slow decline.