Solana Risks ‘One-Trick Pony’ Status Amid Memecoin Decline

Solana Risks ‘One-Trick Pony’ Status Amid Memecoin Decline

According to a recent Standard Chartered analysis, Solana, the high-performance layer-1 blockchain renowned for its cheap fees and quick transaction throughput, might be becoming an excessively memecoin-dependent platform. Despite Solana's technical advantages, the research paper dated May 27 cautions that its primary use case has becoming more limited. According to the paper, Solana "dominates in areas that demand high-volume, low-trans...

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