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Solana’s comeback has been the story of this cycle so far, with the network rising on the backs of tech improvements, lucrative airdrops, and, most notably, memecoins.
Memecoins have gone from an unserious, short-lived asset class to a forward-looking alternative to low float, high FDV tokens that aren’t leaving enough upside for retail.
Today, most memecoin activity happens on Solana, though activity is continuing to migrate to ETH L2s like Arbitrum and Base. Base has been particularly buzzy as of late. While the Coinbase-incubated L2 does show promise to become a meme hub, activity on Solana continues to dominate and stay within its ecosystem. Can Base compete with Solana in the memecoin arena?
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