For the first time in its history, Solana has managed to surpass Ethereum in weekly fees / Massmedia / Vladimir Okhotnikov

For the first time in its history, Solana has managed to surpass Ethereum in weekly fees

1 November 2024

What can we say: those who issue memecoins have managed to reap the benefits of the hype and pump up the blockchain itself, but the question is - what's next?

When memes are forgotten, like ICOs once were, will Solana be able to stay afloat among serious competitors?

I think Solana should already think about what the blockchain can show after.

But for now, Solana has not offered anything truly fundamental for DeFi. Yes, the hype has borne fruit, but will this be the basis for long-term success? I doubt it.

However, something else is interesting. The profitability of memecoins today is nine times higher than that of real asset tokenization (RWA). And sectors such as DeFi, GameFi and Layer 2 lag behind memes in profitability by as much as 500 times.

If there is anything useful to expect from memecoins, it is that the money earned from the hype will flow into more serious projects.