Why Memecoins Are Not Just Hype?

Krutika Adani

Despite lacking real-world applications, Memecoins have gained a lot of attention

Memecoins attract new users and developers, thereby benefiting the blockchain ecosystem as a whole

BitMEX's Arthur Hayes believes that blockchains that embrace memecoins (such as Ethereum and Solana) tend to thrive

Memecoins have also outperformed other crypto niches like governance, AI, and DePIN in terms of market capitalization