> Solana may be evolving into a "single-function platform" that focuses solely on the generation and trading of Meme coins. As the trading volume of Meme coins declines, Solana may struggle to maintain its momentum.

Written by: Adrian Zmudzinski
Compiled by: Tim, PANews

According to a recent report released by Standard Chartered Bank, the Layer1 blockchain Solana may be evolving into a "single-function platform" focused solely on generating and trading meme coins.

According to a research report dated May 27, Solana dominates the field of public chains with high volume and low transaction costs, thanks to its design architecture that allows for fast and low-cost transaction confirmations. This technological advantage has led to an unexpected consequence: so far, this mainly collects

SOL-4.28%

A-4.65%

MEME-10.08%

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