WHY MEMECOIN TRADING HAPPENS ON SOLANA NOT ETH L2S

Summary from the TLDR Crypto newsletter

Solana Memecoin trading thrives due to an early network effect initiated by key influencers like Ansem, who onboarded a target user base that snowballed through social connections. This highlights how historical path dependence and social dynamics, rather than pure technological factors, have driven Solana's dominance over Ethereum L2s in meme coin activities.