Sharing a few findings and insights:

1. MEMEs on the Ethereum chain that emerged after 2023 generally lack momentum; after a surge, it becomes difficult to see further growth.

2. Although the recent data from the Base chain looks impressive, so far it has only produced 2 well-known MEMEs—Brett and Degen. Moreover, as an L2 of Ethereum, on-chain transactions also integrate Ethereum’s congestion characteristics!

3. There is only 1 year left in this cycle, and new concepts are increasingly scarce. It is expected that it will be difficult to see another phenomenon of explosive MEMEs like in 2023.

Large funds are increasingly concentrating on the leading MEMEs of various concepts.

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