🧂 Solana risks becoming just a meme network

Standard Chartered published a warning report: Solana is becoming a 'practically single-use' network. Currently, almost all activity is concentrated in memecoins — and this could become a major problem.

➡️ What is happening with Solana?

🟡 Most of the network traffic comes from memecoins, which generate most of the revenue

🟡 Trading volumes of memecoins have already started to decline

🟡 Low fees + declining activity = a dangerous combination

Analysts at the bank believe that Solana has already passed its peak as a speculative token platform and urgently needs to find new use cases.

➡️ What comes next?

Standard Chartered suggests that Solana should focus on:
— high-frequency fintech applications
— integrations with Web2: social networks, gaming platforms, use in the mass market

However, these changes will take years, and in the next 2–3 years, it is likely that Solana will fall behind Ethereum in growth and market capitalization.

➡️ Ethereum is gaining strength again

🟡 After the Dencun update, Ethereum's L2 fees have dropped almost to Solana's level

🟡 Ethereum's modular architecture allows for scalability without compromising security

🟡 Solana is losing its main advantage — being the fastest and cheapest network

To avoid becoming a victim of its own success with memecoins, Solana needs to find a new 'killer app' for its infrastructure.

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