In light of the noticeable decline in meme coin activity on the Solana network, Standard Chartered has issued a critical warning stating that the future of the Solana network is threatened by weakness and decline unless it restructures its economic model and expands its use cases away from almost complete reliance on meme coins.

As the wave of enthusiasm for meme coins begins to wane, it has become clear that this type of digital asset, despite its temporary contribution to increased revenues and public interest, does not constitute a sustainable foundation for long-term growth. Solana has become exposed to this reality today....

In contrast, the Ethereum network continues to strengthen its position as the most important infrastructure in the web3 world, thanks to the expansion of Layer-2 solutions such as Arbitrum, Optimism, Base, and others, which enable low fees while maintaining security and flexibility. These layers not only support meme coin trading but are also used in real decentralized financial applications, NFT markets, digital identity applications, and other real-world projects.....