Solana-based memecoin launchpads have experienced a sharp decline in trading volumes, reaching a six-month low. According to Dune Analytics, the daily bonding curve trading volume on Sunday was $89.7 million, contributing to a weekly total of $796.2 million, marking a 42% decrease from the previous week. This represents the weakest performance since early spring. In contrast, perpetual futures trading volumes have surged, reaching $466.8 billion last week, a 200% increase from the previous week. Analysts attribute this shift to the rising popularity of perpetual futures, which are drawing liquidity and interest away from memecoin speculation.