Lightspeed The Return Of Meme Coin Mania | Mert Mumtaz, Dan Smith
Mar 7, 2024
The podcast explores the return of meme coin mania, compares DeFi and meme coin usage, dives into Solana's transaction fee structure, discusses blockchain scaling with Ethereum's EIP-4844 upgrade, and analyzes data availability. It also touches on the impact of meme coins on the blockchain ecosystem, MEV on Solana, and navigating Solana transaction fees.
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The Inevitability and Benefits of Meme Coins
- Meme coins are inevitable as memes have existed for thousands of years and now can be financially interacted with.
- Meme coins can help chains by bringing attention, onboarding users, and stress testing network capacity.
Bonk: Meme Coin Turned Stealth Startup
- Bonk started as a meme coin but became a stealth startup that helped revive Solana after FTX.
- It distributed tokens widely and integrated into DeFi apps, increasing user and developer activity.
Use Meme Coins to Promote Products
- If your product lacks traction, don't blame meme coins; your product might just not be good enough.
- Leverage meme coin attention as some teams did with Bonk to promote products and gain users.