Ethereum's predicament is not only reflected in the price drop, but also in its weakening influence in the altcoin market. For example, the politifi series, which was once active during the election, politically related tokens such as maga and $trump, now have a market value that has almost fallen to the bottom. This directly led to the loss of the money-making effect of most "meme" projects on the Ethereum chain.
Let's take a look at some animal meme projects on the Ethereum chain, such as the once popular darum. This wave has not kept up with the overall market of memes, and the market value is now only 9 million. At the same time, the market value of new meme projects launched on the Solana chain has often surpassed darum. This also shows that Solana chain is stronger than Ethereum in terms of user participation and capital inflow.
