The reason why many people are responding with meme projects on the Solana network is because of the huge profit potential. I never tried to buy meme projects from the solana network at the beginning of the release but my friend said it was easier to buy meme coins on the solana network than ethereum although I don't know if it's true or not.
But as far as I know Solana is more stable than ethereum. The Solana network has better transaction speeds and the most important thing is very cheap gas fees. This is what makes many developers now switch to the Solana network.
I don’t know if this is for the better or for the worse for Solana.
On one hand, the amount of tokens built on its blockchain definitely helps to i crease demand. Not only developers but investors mainly will be highly interested on the other hand this could lead to some scalability issues which I believe we might start seeing soon in Solana. I just hope the developers fix some of those issues even before it’s big.