Hey there, meme enthusiasts! If you're deep into the world of meme tokens, you know that the blockchain you build on can make or break your project. Fast transactions, low fees—these are the lifeblood of viral memes. That's why the recent data shared by Jason Yanowitz on X caught our eye. In his tweet, he highlights some fascinating insights from Alliance, a leading web3 accelerator program.
Alliance collects data from founders applying to their programs, giving us a peek into where the next wave of crypto innovation is happening. And boy, the trends are shifting!
Key Takeaways from the Data
First off, a whopping 84% of applicants are building on either Ethereum or Solana. That's no small feat—Ethereum has long been the king of smart contracts, but Solana is nipping at its heels with its blazing speed and scalability. For the first time ever, Solana has crossed the 25% mark in founder applications. This surge suggests more developers are drawn to Solana's ecosystem, which is famous for hosting some of the wildest meme tokens out there.
Looking at the chart above, you can see Ethereum (in green) dominating early on, but Solana (blue) is stacking up higher in recent periods. Other chains like Polkadot, Cosmos, and BNB are there, but they're getting squeezed.
Diving deeper into Ethereum's side, Layer 2 solutions are where the action is. Base is starting to dominate, with Polygon and Arbitrum following as the most popular after it. Layer 2s, or L2s, are basically scaling solutions built on top of Ethereum to make transactions cheaper and faster—perfect for meme token launches that need to go viral without breaking the bank.
In this L2 breakdown, Base (blue) is climbing fast, overtaking others like Polygon (green) and Arbitrum (gray). If you're into memes on Ethereum, keep an eye on Base—it's becoming a hotspot for fun, community-driven projects.
And let's not forget the global angle: Africa is growing, albeit slowly. This could mean more diverse meme cultures entering the space, bringing fresh ideas and communities.
The region chart shows USA/Canada still leading (blue), but Asia (gray) and Europe (green) are holding strong, with Africa (pink) inching up.
What This Means for Meme Tokens
So, why should meme token fans care? Solana's rise is huge because it's the go-to chain for memes right now. Think about hits like Dogwifhat or Bonk—they thrive on Solana's low costs and high throughput. More founders building there means more tools, more liquidity, and potentially more explosive meme launches.
On the Ethereum front, Base's dominance could spark a meme renaissance on L2s. Base, backed by Coinbase, offers seamless onboarding for new users, which is key for memes that rely on hype and accessibility. Polygon and Arbitrum aren't slouches either; they've got established communities ready for the next big thing.
This data isn't shocking—Solana's been gaining traction for a while—but it's a solid confirmation that the meme token landscape is evolving. If you're a creator or investor, consider diversifying into these ecosystems. Who knows? The next viral meme could be born on a rising L2 or Solana's speedy rails.
What do you think? Is Solana set to overtake Ethereum for memes, or will L2s steal the show? Drop your thoughts in the comments below, and stay tuned to Meme Insider for more updates on the wild world of meme tokens!