According to a recent report by Standard Chartered Bank, the Layer 1 blockchain Solana may be evolving into a "single-purpose platform" focused solely on generating and trading Meme coins. This shift could pose significant challenges for Solana's growth trajectory as Meme coin trading volumes decline.Solana's Dominance in High-Volume, Low-Cost TransactionsThe report, released on May 27, highlights that Solana has dominated the space of high-volume, low-cost public blockchains. This is largely...

According to a recent report by Standard Chartered Bank, the Layer 1 blockchain Solana may be evolving into a "single-purpose platform" focused solely on generating and trading Meme coins. This shift could pose significant challenges for Solana's growth trajectory as Meme coin trading volumes decline.Solana's Dominance in High-Volume, Low-Cost TransactionsThe report, released on May 27, highlights that Solana has dominated the space of high-volume, low-cost public blockchains. This is largely...