As soon as news of Trump's shooting appeared, dozens of memes arose. FIGHT and EAR quickly became a new spin with 100x payouts. However, not everyone was able to take advantage of the first wave of memes in time. If you are not willing to wait for the next explosion, you must quickly participate. ship. Ethereum and Solana are recognized as the Most Profitable Meme Chains, but which one will you choose?

Some datasets, let's see which meme repository is better?

In the meme craze of recent months, event-based memes, celebrity coins, and PolitiFi are the main types of memes. Among them, three memes with representative goals on both Solana and Ethereum are GME, JENNER and FIGHT.

BlockBeat selected the three best-performing meme coin pools on Solana and Ethereum , and conducted a comparative analysis of currency issuance efficiency, liquidity, and duration.

Comparing time efficiency: Solana has first-mover advantage

Time efficiency refers to the time it takes to publish a meme on Solana and Ethereum after a related event occurs. Because the meme has a serious PvP phenomenon, whoever releases coins first will be more likely to collect coins. The earlier buyers enter the market, the easier it is to make a profit.

On May 13, GameStop's US stock surged. Roaring Kitty, the "retail investor stock god" behind the GME short squeeze, is back in the public eye after three years. Its eponymous meme coin became the hottest target for speculation at the time. . Since GME is not a new concept, the GME token was initially deployed on Solana. Then, at around 6pm on the 13th, a new GME was deployed on Solana and the first GME on Ethereum was released at 12:30pm that day.

The left image shows the new GME on Solana and the right image shows GME on Ethereum

But when faced with a completely new concept that wants to issue coins, since Pump.fun has lowered the threshold for releasing memes, Solana will definitely become the fastest public chain to release memes.

On May 27, Caitlyn Jenner, Kardashian's father and a transgender woman, used Pump.fun to launch the JENNER meme, and in the comments area, she added her series of OG memes. crypto community like Ansem and Paul to warm up the token. On the third day after JENNER popularized the concept of “Famous Coin,” the meme of the same name appeared on Ethereum.

The image on the left shows JENNER on Solana and the image on the right shows JENNER on Ethereum

On the 14th of Solana 7, Trump was shot in the ear while speaking at a campaign rally. While protected by security, he raised his right fist and shouted "Fight". which had the best growth rate launched at 6:50 am on the 14th. Although the number of FIGHTs on Ethereum is similar to Solana, the earliest meme appeared at 9:00 am on the 14th, 2 hours later than Solana.

The image on the left shows FIGHT on Solana and the image on the right shows FIGHT on Ethereum.

Liquidity comparison: Ethereum has better liquidity

Liquidity is the most intuitive indicator that can reveal the fundamental information of a currency, reflecting its growth potential and ease of buying and selling. Highly liquid assets reflect that they are "priced and marketable" in the market, and investors can buy and sell flexibly. Conversely, low liquidity means assets are “priced but not marketed” and are more difficult to sell in the market. market.

On one hand, as the hype around GME faded, liquidity essentially dried up. On the other hand, as mentioned above, GME is not an emerging concept and the majority of its liquidity is concentrated in the native token. Only the newly released GME is compared here.

GME liquidity on Solana and Ethereum are both under 10 million, but GME liquidity on Ethereum is still about 80 times that of Solana. The trading volume of Ethereum's GME is still $250,000, and the buying and selling volume is essentially the same. On the other hand, Solana's GME trading volume is only $690.

The left image shows the new GME on Solana, the middle image shows the original GME on Solana, and the right image shows GME on Ethereum.

JENNER on Ethereum was released 3 days later than Solana, but its liquidity is not worse than Solana. It even has a bit of status with $293,000 and its trading volume is 6 times larger than Solana. Since the release of this currency, the market capitalization of JENNER on Ethereum has reached 2 million USD, but the market capitalization of JENNER on Solana is only 709,000 USD, which is about 1/3 of Ethereum.

The image on the left shows JENNER on Solana and the image on the right shows JENNER on Ethereum

FIGHT is a new meme released during a long period of market downturn and is still in a period of buzz. Although FIGHT was first launched on Solana and was able to achieve a gain of over 600x, currently liquidity is gradually concentrated on Ethereum and its $1.4 million liquidity is almost double that of Solana. However, the market capitalization of FIGHT on Solana is low and the futures buy orders are larger than the sell orders, while the buy and sell orders on Ethereum are almost the same.

The image on the left shows FIGHT on Solana and the image on the right shows FIGHT on Ethereum.

Duration comparison: Ethereum rise is more sustainable

Unlike JENNER and FIGHT, GME is a concept that existed before the emergency. Therefore, in the ensuing hype, the “GME consensus” of the crypto market gradually converged to the “old GME” of the Solana ecosystem and remained at the same level. like US GME stock is in a high position.

However, if we only compare many new "GME fakes", we can still see that GME deployed on Ethereum has been favored by many degens due to the "Ethereum ecosystem+ low circulating market cap " and increased dozens of times in two days, while the Solana ecosystem Because there were already meme coins related to GME, the new coin died quickly after a short-term increase and its lifespan was only a day.

The left image shows the new GME on Solana and the right image shows GME on Ethereum

JENNER achieved a 160x increase on Solana overnight, but had a clear trend of returning to zero just 3 days after the coin was released. JENNER on Ethereum hit a local high 3 days after its release and then on June 11, more than a week after the currency release, it still hit a new high of $0.007. It then remained at $0.005 for several weeks. ., it was not until early July that there was a clear downward trend.

The image on the left shows JENNER on Solana and the image on the right shows JENNER on Ethereum

FIGHT is the most popular Trump concept meme in recent days. The FIGHT trend on Solana has shown rising highs. The high occurred at 11:45 a.m. on the 14th and the price began to decline after remaining at $0.004 for almost an hour. Six hours later, the price bottomed at $0.002, and at around 10:30 p.m., FIGHT rose to a local high of $0.013. Sell ​​orders then increased and FIGHT fell sharply again before recovering here earlier today.

FIGHT on Ethereum has been in bullish mode since its release, the price is 0.034 USD, a 164x increase. Although not as high as Solana's 400 times increase, its trend is safer and healthier.

The image on the left shows FIGHT on Solana and the image on the right shows FIGHT on Ethereum.

Memes still have 100 times more chance

From GME to JENNER to FIGHT, the problem of meme hype is becoming more and more apparent, meaning there are more and more tokens with the same name. This is partly due to the reduced functionality of currency issuance platforms such as Pump.fun. meme release threshold When you open the dex, when faced with dozens or hundreds of tokens with the same name, it is difficult to judge which memes will be deleted in a short period of time.

The era where everyone can issue coins gradually leads to the problem of consensus fragmentation. It has almost become a failsafe method to immediately pump out and move on to the next meme. This phenomenon is even more evident on Solana. While it has the advantage of being a first mover in issuing coins, the risk of attracting follow-on funds is higher. In contrast, Ethereum meme's performance is more stable.

Wen Yue, co-founder of DaMoon Lab, compiled a comparison of Dex transactions in different ecosystems. As can be seen from the picture, the current level token still revolves around the Trump concept, the Ethereum home network Dex transaction. Volume has almost doubled. It again surpassed Solana after 10 days. Wenyue pointed out that FIGHT still holds the dominant position and in the battle for FIGHT, the Ethereum token of the same name also dominates the position.

Photo source: @_wmoon

After a long period of quiet in the market, Trump's shooting once again caused a meme fever Although everyone screams that the "Yellow Dog" is almost always born on Solana, if you enter the market late and did not want to participate. Solana's PvP, give Ethereum a little patience, maybe you can earn a hundred times more.