The Rise of Meme Coins: Solana Dominates, Ethereum Remains a Major Player

Meme 幣的崛起：Solana 占主導地位，以太坊仍然是主要參與者

Amidst the surge in meme coins in 2024, the Solana blockchain has emerged as the primary home for a significant portion of these meme-based cryptocurrencies.

隨著 2024 年 meme 幣的激增，Solana 區塊鏈已成為這些基於 meme 的加密貨幣的主要所在地。

Meme Coins: A Cultural Phenomenon

模因硬幣：一種文化現象

Meme coins are cryptocurrencies created or issued on blockchains that draw inspiration from popular internet memes or humorous concepts. They represent or tokenize viral ideas, often featuring humorous or satirical themes.

迷因幣是在區塊鏈上創建或發行的加密貨幣，其靈感來自流行的網路迷因或幽默概念。它們代表或像徵病毒式傳播的想法，通常以幽默或諷刺為主題。

Unlike conventional cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH), which are known for their technological innovations, meme coins typically lack intrinsic utility or practical applications. Instead, their value and popularity stem from their viral appeal, community support, and speculative nature in cryptocurrency trading, both on centralized and decentralized crypto exchanges.

與比特幣（BTC）和以太幣（ETH）等以其技術創新而聞名的傳統加密貨幣不同，模因幣通常缺乏內在的效用或實際應用。相反，它們的價值和受歡迎程度源於其病毒式吸引力、社區支持以及加密貨幣交易的投機性質，無論是在集中式還是去中心化加密貨幣交易所。

Dogecoin and Shiba Inu: Trailblazers in the Meme Coin Market

狗狗幣和柴犬：Meme 幣市場的拓荒者

Dogecoin (DOGE), initially created as a parody of Bitcoin in 2013, remains a prominent meme coin. Its popularity has soared thanks in part to Elon Musk's support.

狗狗幣 (DOGE) 最初是在 2013 年作為比特幣的模仿而創建的，現在仍然是一種著名的模因幣。它的受歡迎程度飆升，部分歸功於伊隆馬斯克的支持。

Another notable meme coin is Shiba Inu (SHIB), launched on the Ethereum blockchain in opposition to DOGE. It features the Japanese shiba inu dog Kaboshu as its mascot. Pepe Coin (PEPE), based on the popular internet meme Pepe the Frog, and other meme coins have achieved remarkable returns in a short period.

另一個著名的迷因幣是 Shiba Inu (SHIB)，它在以太坊區塊鏈上推出，與 DOGE 相對。它以日本柴犬Kaboshu為吉祥物。佩佩幣（PEPE），基於流行的網路迷因青蛙佩佩和其他迷因幣在短期內取得了顯著的回報。

Solana's Dominance in the Meme Coin Space

Solana 在 Meme 幣領域的主導地位

In 2024, Solana became the leading blockchain for a plethora of meme coins. Its low transaction fees reduced barriers for users looking to create and trade meme coins.

2024 年，Solana 成為眾多 meme 幣的領先區塊鏈。其低廉的交易費用減少了想要創建和交易模因幣的用戶的障礙。

Moreover, Solana's fast transaction confirmation times made the experience akin to uploading meme content through an internet browser.

此外，Solana 快速的交易確認時間使體驗類似於透過網路瀏覽器上傳迷因內容。

Exponential Growth in Solana-Based Meme Coins

基於 Solana 的 Meme 硬幣呈指數級增長

The end of 2023 marked a turning point for meme coins on Solana. Between August and November 2023, the blockchain saw an average of around 9,000 new tokens per day. Solana now averages over three times that number, with approximately 28,000 tokens daily. At its peak, it reached 100,000 new tokens per day using a 30-day moving average (670,000 at its height).

2023 年底標誌著 Solana 上 Meme 幣的轉捩點。 2023 年 8 月至 11 月期間，區塊鏈平均每天出現約 9,000 個新代幣。 Solana 現在的平均數量是這個數字的三倍多，每天大約有 28,000 個代幣。在巔峰時期，以 30 天移動平均線計算，每天新增代幣數量達到 100,000 個（最高時為 670,000 個）。

Ethereum Remains a Major Hub for Meme Coins

以太坊仍然是 Meme 幣的主要中心

Meme coins did not originate on Solana. Dogecoin is among the first and most valuable meme coins in the crypto market, launched in 2013 and now worth over $24 billion as of May 29, 2024.

Meme 幣並非源自 Solana。狗狗幣是加密貨幣市場上最早也是最有價值的迷因幣之一，於 2013 年推出，截至 2024 年 5 月 29 日，目前價值超過 240 億美元。

Beyond Dogecoin, Ethereum was the blockchain of choice for meme coins during the 2020–2022 crypto bull cycle. It hosted iconic meme coins such as SHIB and more recently, PEPE and Harry Potter Obama Sonic 10 Inu. While activity has migrated from Ethereum to other blockchains, it still holds the second and third largest meme coins by market cap, SHIB and PEPE, reflecting the continued presence of meme coins on its platform.

除了狗狗幣之外，以太幣是 2020-2022 年加密貨幣牛市週期中模因幣的首選區塊鏈。它託管了標誌性的模因幣，例如 SHIB，以及最近的 PEPE 和哈利波特奧巴馬 Sonic 10 Inu。雖然活動已從以太坊轉移到其他區塊鏈，但它仍然擁有市值第二大和第三大的 meme 幣、SHIB 和 PEPE，這反映出 meme 幣在其平台上的持續存在。

Market Expansion and Longevity Challenges

市場擴張和長壽挑戰

As the number of meme coins increases, so does their market size. The top meme coins as of May 29, 2024, collectively hold a value of $57 billion, representing a 3.5x increase from the same day the previous year and a 4.8x increase from the bear market lows. Notably, four of the seven meme coins featured were created within the past 511 days from May 29, 2024; two of them launched within 160 days. This highlights the fast-paced nature of meme coins and their inherent lack of longevity due to the rapidly evolving nature of human and internet culture.

隨著模因幣數量的增加，其市場規模也隨之擴大。截至 2024 年 5 月 29 日，頂級 meme 代幣的總價值為 570 億美元，較上年同日增長 3.5 倍，較熊市低點增長 4.8 倍。值得注意的是，七個模因幣中有四個是在 2024 年 5 月 29 日起的過去 511 天內創建的；其中兩個在 160 天內推出。這凸顯了迷因幣的快節奏本質，以及由於人類和網路文化快速發展的本質而導致其固有的缺乏長壽性。