Meme trenches cool down, replaced by Perp DEX In the past few days, the daily token creation and trading volume on Meme Launchpad have dropped significantly compared to mid-month. Daily token creation once fell below 20,000, a decline of over 40%; daily trading volume dropped from over $200M to around $120M. Key milestones like Aster TGE and its notable wealth effect are not unrelated, while Meme tokens have faced extreme difficulty getting listed on top exchanges. Meanwhile, Perp DEX daily trading volume continues to hit new highs, with nearly $10B growth per day over the past three days: from September 22 to 24, Perp DEX daily trading volume went from $44B -> $54B -> $67B. Notably, Aster and Lighter's daily trading volumes have both surpassed Hyperliquid, reaching the $10B level; edgeX exceeded $5B, while Ordely and Paradex surpassed $1B.