Analysis: The market capitalization of the top 6 Meme coins in the Ethereum ecosystem is higher than the total market capitalization of Meme coins on other L1 chains.

PANews June 21 news, 1confirmation founder Nick Tomaino stated on platform X that the market capitalization of the top six Meme coin projects in the Ethereum ecosystem is higher than the total market capitalization of all Meme coin projects on other Layer 1 blockchains. In addition, Ethereum also plays the role of a global settlement layer for AI, prediction markets, Wall Street, and S&P 500 companies.