Memecoins ecosystem is just way greater than ETH.
How ETH going to solve this issue and maintain the king spot?
In terms of growth, it may even be greater than ETH, but in terms of utility, not so much. After all, what are memecoins for? What function do they play for the blockchain, besides speculation?
In my opinion, the Ethereum blockchain didn’t gain traction because of memecoins, but because of its features. Scalability issues need to be addressed as soon as possible, but it remains a major player in the cryptocurrency and blockchain market.
SOL is overtaking ETH in every metrics.
SOL DeFi is likely to surpass ETH in the near future in my opinion.
The Solana blockchain and the native token SOL are really promising, and I believe they can surpass ETH in terms of increased usage for the creation of “Dapps”, for example. It is a very competitive network. But it's not an “ETH (Ethereum) killer”.