If you're deep into the world of meme tokens, you know that the underlying blockchain infrastructure can make or break a project's success. Syndica, a key player in building and scaling blockchain systems, just dropped their October 2025 insights on Layer 1 and Layer 2 chains. This report packs a punch with data on everything from tokenized stocks to Bitcoin trading, but we're zoning in on what matters most to meme enthusiasts: the memecoin scene. Let's break it down in simple terms, with a focus on how these chains are fueling the meme token frenzy.

First off, Solana continues to crush it in areas like tokenized stocks and Bitcoin trading. For context, tokenized stocks are basically real-world assets like company shares turned into digital tokens on the blockchain—think Tesla or Apple stock trading on-chain. Solana grabbed over 95% of the trading volume here for four straight months from July to October 2025. That's huge for meme token ecosystems because it shows Solana's speed and low fees are attracting serious liquidity, which often spills over into meme projects.

Shifting to decentralized exchanges (DEXes), Solana's activity remains super diverse, with trading spread across tons of tokens. In contrast, Ethereum saw its stablecoin volume drop from 62% to 33% of total DEX trades. Stablecoins are those steady-value tokens like USDT or USDC that act as a safe haven. A dip in their dominance on Ethereum might signal more volatile trading, including memes, but Solana's balanced approach keeps it as a go-to for meme launches.

When it comes to Bitcoin trading on-chain, Solana is the undisputed champ. Over half of BTC traders—57% to be exact—are on Solana, beating out Ethereum and Base combined. The DEX volume-to-supply ratio for BTC hit 2.1 million on Solana. Why does this matter for memes? Meme tokens often ride the waves of major crypto like BTC, and Solana's efficiency makes it easier for retail traders to jump in, boosting meme hype.

Now, the juicy part: memecoin launches. BNB Chain (that's Binance Smart Chain) exploded with a 288% surge, hitting over 529,000 new memecoins in October—its best month ever. Solana still led with 615,000 launches but dipped 30% from September. This shift could mean BNB Chain is becoming a hot new spot for meme creators, thanks to its growing ecosystem and perhaps lower barriers for pumps.

But launches are one thing; liquidity is another. Solana stays king here, with 39 times more memecoins reaching at least $10,000 in trading volume compared to BNB Chain. Even though BNB saw a tenfold increase, Solana's established DEXes like Raydium keep pulling in the big bucks for memes.

Market caps for October-launched memecoins? It's a close race. Solana edged out with $490 million (50.7%), while BNB Chain was right behind at $467 million (48.4%). Base lagged far back at $9 million. This near-parity suggests BNB is catching up fast, potentially diluting Solana's meme monopoly.

Survival rates tell the real story of meme quality. Solana boasts the highest rate of memecoins maintaining over $100,000 market cap by month-end. BNB Chain improved dramatically with an 8x rise, hinting at better projects sticking around. For meme hunters, this means scouting both chains for gems that last beyond the initial pump.

Beyond memes, bridging volumes—moving assets between chains—saw Ethereum at $2 billion, with Solana and BNB close at $1.7 billion and $1.6 billion. This fluidity helps meme tokens spread across ecosystems.

Perpetuals trading (futures contracts that never expire) jumped 76% to $1.4 trillion globally, with BNB contributing $350 billion. Platforms like Hyperliquid led with over 350,000 active users, including whales. Meme traders often use perps for leverage, so this boom could amplify meme volatility.

Finally, chain public funding hit $4.5 billion since 2024, with projects like Zircuit L2 pulling in $2 billion. This influx supports new Layer 2s, which could host the next wave of meme tokens.

For the full scoop, check out Syndica's original thread or their blog post. As meme insiders, keeping tabs on these chain dynamics is key to spotting the next big token. What do you think—will BNB Chain dethrone Solana in memes? Drop your thoughts below!