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