The following is a guest post and opinion from Hart Lambur, Co-Founder of RIsk Labs (UMA and Across).
Solana’s recent growth didn’t come at Ethereum’s expense. It expanded the total crypto user base. Instead of pulling users away from Ethereum, Solana served as a gateway for new entrants into web3. With fast transactions and low fees, and a vibrant app layer, it became the ideal onboarding ramp for the latest wave of memecoin traders.
Like it or not, memecoins like HarryPotterObamaSonicInu and Fartcoin weren’t just noise; they introduced millions of people to crypto, many for the first time. Solana wasn’t just where they made their first trade – it was their first real interaction with the web3 ecosystem. And while many lost money, some of those users stuck around.
The question now is: how do we ensure they stay, and experience more of what web3 offers beyond speculation? As Vitalik put it last year about memecoins, there is an “opportunity here to try to create somethin
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