Solana Risks ‘One-Trick Pony’ Status Amid Memecoin Decline

According to a recent Standard Chartered analysis, Solana, the high-performance layer-1 blockchain renowned for its cheap fees and quick transaction throughput, might be becoming an excessively memecoin-dependent platform. Despite Solana's technical advantages, the research paper dated May 27 cautions that its primary use case has becoming more l...