The reason why the market is more inclined to invest in SOL chain rather than ETH chain meme projects recently is that
1 ETH price is low: Ethereum (ETH) price continues to perform poorly, which may reduce investors' interest in ETH chain projects.
2 ETH chain gas fees are high. The transaction fees (gas fees) of the ETH chain are relatively high. A transaction may require a fee of up to ten to dozens of dollars, which increases transaction costs and reduces the willingness of users and investors to participate.
3 ETH chain project problems Projects on the ETH chain often have problems, such as bundled sales, tax issues, and various delays and opaque capital operations, which reduce the attractiveness of ETH chain projects. In contrast, the SOL chain has the following advantages
SOL coin prices continue to rise, and multiple SOL chain projects recently launched on trading platforms such as Binance have formed a positive cycle of coin prices, popularity and funds.
The SOL chain has low transaction fees and smooth user experience. Although there are certain problems, such as fierce competition between projects (pvp), the overall playability is high, there are many hot spots, and it is easier to attract new funds to enter. In the current market environment, the SOL chain has become the focus of the market with its advantages, while the ETH chain has been relatively eclipsed due to the above problems. In addition, this round of bull market seems to be closely related to Trump, Musk and meme culture, which jointly promote the flow of market funds.
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