#News# Solana has been the talk of the town so far this cycle, fueled by technical improvements, lucrative airdrops, and support for memecoins. Currently, most memecoin activity is happening on Solana, though activity continues to migrate to ETH L2s like Arbitrum and Base. Base has been particularly busy lately, but activity on Solana continues to dominate. Solana's memecoin activity is a key factor in its becoming the darling of this cycle. Base has quickly risen to become one of Ethereum's top L2s, and its memecoin ecosystem has helped it gain a reputation as consumer-friendly. However, Base's memecoin community does not have as broad appeal as tokens in other ecosystems like Solana. Overall, Solana and Base exist on different levels when it comes to memecoins.