Memecoin 狂熱推動加密市場繁榮，Solana 超越競爭對手

在當前加密貨幣市場的激增中，Solana 已成為 memecoin 熱潮中的領跑者，超越了以太坊、Avalanche 和 BNB Chain 等競爭對手。 Solana 區塊鏈上大量 memecoin 的湧入推動了前所未有的交易量和市值。這種 memecoin 熱潮與 2017 年以太坊上的 ICO 泡沫有著驚人的相似之處，引發了人們對這些資產投機性質的擔憂。儘管退伍軍人警告不要投資迷因幣，因為它們缺乏實用性和高波動性，但支持者認為，它們正在吸引新用戶進入加密貨幣領域，並展示了無需許可市場的力量。

Solana Overtakes Rivals in Crypto Market Surge Driven by Memecoin Frenzy

在 Memecoin 狂熱推動下，Solana 在加密貨幣市場激增中超越競爭對手

The Solana blockchain has emerged as a formidable force in the cryptocurrency realm, eclipsing competitors such as Ethereum, Avalanche, and BNB Chain in terms of community activity, innovation, and adoption. This surge in popularity can be attributed to the recent proliferation of memecoins, which have taken crypto markets by storm.

Solana 區塊鏈已成為加密貨幣領域的一股強大力量，在社群活動、創新和採用方面超越了以太坊、Avalanche 和 BNB Chain 等競爭對手。這種受歡迎程度的激增可以歸因於最近的迷因幣激增，它席捲了加密市場。

Memecoin Mania Grips Solana

Memecoin 狂熱席捲 Solana

In the past month alone, the Solana blockchain has witnessed the launch of numerous memecoins, garnering billions of dollars in trading volume. Several new memecoins have made headlines, soaring to unprecedented highs in a matter of days. However, others have gained notoriety for rug pulls and even racist content.

光是過去一個月，Solana 區塊鏈就見證了許多 memecoin 的推出，交易量達到數十億美元。幾種新的迷因幣成為頭條新聞，在幾天之內飆升至前所未有的高點。然而，其他人則因拉扯甚至種族主義內容而臭名昭著。

Memecoins are digital currencies inspired by online memes and lack inherent utility beyond serving as pop culture references. They are typically supported by robust online communities.

模因幣是受線上迷因啟發的數位貨幣，除了作為流行文化參考之外，缺乏內在的實用性。他們通常得到強大的線上社群的支持。

While memecoins are not a novel concept, they have witnessed an unparalleled surge in popularity during the current crypto market cycle, which began on Solana and has since spread to other blockchains, including Coinbase's Base, Binance's BNB Smart Chain, and others.

雖然memecoin 並不是一個新概念，但在當前的加密市場週期中，它們的受歡迎程度空前高漲，這種市場週期始於Solana，後來擴展到其他區塊鏈，包括Coinbase 的Base、Binance 的BNB 智能鍊等。

Unprecedented Rise and Concerns

前所未有的崛起與擔憂

During the previous bull cycle, memecoins like Dogecoin (DOGE) and Shiba Inu (SHIB) gained mainstream attention as their prices skyrocketed. However, their gains pale in comparison to the current memecoin frenzy, which has produced tokens that have amassed millions in trading volume and billions in market capitalization within hours of their launch.

在上一個牛市週期中，狗狗幣（DOGE）和柴犬（SHIB）等迷因幣隨著價格飆升而獲得了主流關注。然而，與當前的迷因幣熱潮相比，它們的漲幅顯得黯然失色，模因幣在推出後數小時內就積累了數百萬交易量和數十億美元的市值。

According to a report by CoinGecko, memecoins emerged as the most profitable crypto sector in Q1 2024, recording average returns of 1,312.6% across leading tokens by market cap. Notable gainers included BRETT (7,727.6% surge), Dogwifhat (WIF) (2,721.2% rise), and Book of Meme (BOME), which briefly spiked over 40,000% shortly after launch.

根據 CoinGecko 的報告，memecoin 成為 2024 年第一季最賺錢的加密貨幣領域，以市值計算，領先代幣的平均回報率為 1,312.6%。值得注意的漲幅包括 BRETT（上漲 7,727.6%）、Dogwifhat（WIF）（上漲 2,721.2%）和 Book of Meme（BOME），它們在推出後不久就短暫飆升超過 40,000%。

BOME, launched in March 2024, has since garnered a market cap of over $4 million. Within days of launch, it attained a market cap of $1.45 billion and gained support from major exchanges, including Binance, Bybit, and KuCoin.

BOME 於 2024 年 3 月推出，目前市值已超過 400 萬美元。上線幾天內，其市值就達到了 14.5 億美元，並獲得了幣安、Bybit 和 KuCoin 等主要交易所的支持。

Dogwifhat, launched in November 2023, emerged as one of the top 50 cryptocurrencies by market cap in Q1 2024, reaching nearly $50 billion.

Dogwifhat 於 2023 年 11 月推出，在 2024 年第一季成為市值排名前 50 的加密貨幣之一，市值達到近 500 億美元。

Distorted Crypto Image

扭曲的加密影像

While the Solana memecoin frenzy has created crypto millionaires, countless others have lost fortunes chasing the next memecoin that could bring immense riches. Moreover, many new memecoin projects turn out to be rug pulls, where developers abandon the project and abscond with investor funds.

儘管 Solana memecoin 狂熱創造了加密貨幣百萬富翁，但無數其他人在追逐下一個可能帶來巨大財富的 memecoin 時失去了財富。此外，許多新的迷因幣專案最終都以失敗告終，開發商放棄了該專案並將投資者資金潛逃。

Numerous crypto veterans have cautioned against investing in memecoins due to their lack of utility and the casino-like atmosphere that permeates their markets.

許多加密貨幣資深人士警告不要投資迷因幣，因為它們缺乏實用性，而且市場中瀰漫著賭場般的氛圍。

A spokesperson from the research team at crypto exchange Bitrue told Cointelegraph that the market frenzy can "distort the image of cryptocurrencies, potentially undermining their credibility and the wider adoption of blockchain technology."

加密貨幣交易所 Bitrue 研究團隊的發言人告訴 Cointelegraph，市場狂熱可能“扭曲加密貨幣的形象，可能會損害其可信度和區塊鏈技術的更廣泛採用。”

"While the influx of new participants and trading volume may initially appear positive, the speculative nature of memecoins raises concerns about the maturity and integrity of the crypto market," they added.

他們補充說：“雖然新參與者的湧入和交易量最初可能看起來是積極的，但模因幣的投機性質引起了人們對加密市場成熟度和完整性的擔憂。”

Positive Perspectives

正面的觀點

Proponents argue that the memecoin frenzy has attracted a substantial number of newcomers to the crypto space and has generated significant profits for investors. However, they emphasize the importance of recognizing the risks associated with speculative assets like memecoins, which lack intrinsic value and are highly volatile.

支持者認為，迷因幣的狂熱吸引了大量加密貨幣領域的新人，並為投資者帶來了可觀的利潤。然而，他們強調認識到與模因幣等投機資產相關的風險的重要性，這些資產缺乏內在價值且波動性很大。

Ryan Lee, the chief research analyst at Bitget, believes that the recent surge in the prices of Ether (ETH) and SOL (SOL), the native tokens of Ethereum and Solana, respectively, where many memecoins are being launched, has contributed to the upward momentum in the memecoin sector.

Bitget 首席研究分析師 Ryan Lee 認為，最近以太坊 (ETH) 和 SOL (SOL) 的價格飆升，分別是以太坊和 Solana 的原生代幣，許多 memecoin 都在這兩個平台上推出。memecoin 領域的上升勢頭。

"One key factor contributing to the surge in these memecoins is their deployment on the ETH and Solana chains, typically priced in ETH and SOL on decentralized exchange platforms. The upward trend in ETH and SOL prices, therefore, drives the price appreciation of memecoins," Lee explained to Cointelegraph.

「導致這些 memecoin 激增的一個關鍵因素是它們在 ETH 和 Solana 鏈上的部署，通常在去中心化交易平台上以 ETH 和 SOL 定價。因此，ETH 和 SOL 價格的上漲趨勢推動了 memecoin 的價格升值， 「李向Cointelegraph 解釋。

ICO-Like Frenzy

類似 ICO 的狂熱

The Solana memecoin frenzy resembles other crypto market success stories, where the blockchain was flooded with dog- and cat-themed memecoins that attracted millions in investment volume. These were followed by memecoins focused on political figures like Donald Trump and Joe Biden.

Solana memecoin 的狂熱類似於其他加密貨幣市場的成功故事，其中區塊鏈充斥著以狗和貓為主題的 memecoin，吸引了數百萬美元的投資額。接下來是針對唐納德·川普和喬·拜登等政治人物的迷因幣。

Meanwhile, numerous developers and users are raising funds to launch new memecoins through social media platforms. While mainstream crypto companies struggle to secure funding from venture capitalists, projects on Solana have raised hundreds of millions of dollars within hours in pre-seed funding. However, not all pre-seed projects have been launched, and many have turned out to be scams.

與此同時，眾多開發人員和用戶正在籌集資金，透過社群媒體平台推出新的迷因幣。儘管主流加密貨幣公司難以從創投家獲得資金，但 Solana 上的專案已在幾個小時內籌集了數億美元的種子前資金。然而，並非所有預種子項目都已啟動，許多項目都被證明是騙局。

Observers have drawn comparisons between the current memecoin investment frenzy, characterized by a surge in new tokens with real-world use cases, to the 2017 initial coin offering (ICO) bubble on the Ethereum network.

觀察家將當前 memecoin 投資熱潮與 2017 年以太坊網路上的首次代幣發行 (ICO) 泡棉進行了比較，其特點是具有現實世界用例的新代幣激增。

During the ICO rush, projects raised billions of dollars, often issuing tokens with little to no utility. However, even then, there was at least an attempt to present a genuine product or service.

在 ICO 熱潮期間，該項目籌集了數十億美元，通常發行幾乎沒有效用的代幣。然而，即便如此，至少還是有人嘗試展示真正的產品或服務。

Surge in Network Activity

網路活動激增

During the 2017 ICO boom, the Ethereum network's capacity was severely tested as daily transactions increased 24-fold within a year.

2017 年 ICO 熱潮期間，以太坊網路的容量受到嚴峻考驗，每日交易量在一年內成長了 24 倍。

Similarly, Solana has experienced a 2.5x increase in daily active addresses, from approximately 600,000 on January 1, 2024, to over 1.5 million by April 2024.

同樣，Solana 的每日活躍地址增加了 2.5 倍，從 2024 年 1 月 1 日的約 60 萬增加到 2024 年 4 月的超過 150 萬。

Unpalatable Side of Memecoins

Memecoin 令人不快的一面

While dog- and cat-themed memecoins dominated the Solana blockchain during the height of the memecoin frenzy, a torrent of tokens with racist and homophobic epithets also emerged.

雖然在迷因幣熱潮最盛時期，以狗和貓為主題的迷因幣在 Solana 區塊鏈上佔據主導地位，但也出現了大量帶有種族主義和恐同綽號的代幣。

Some of these tokens managed to accumulate market capitalizations of billions of dollars.

其中一些代幣的市值已達數十億美元。

The proliferation of such tokens prompted calls from within the crypto community for intervention from Solana developers.

此類代幣的激增促使加密社群內部呼籲 Solana 開發人員介入。

At the Buidl Asia 2024 conference, Austin Federa of the Solana Foundation argued that wallet developers should have the prerogative to implement blocklists. He added that almost every wallet in every ecosystem filters out "spam NFTs" and "spam tokens." He emphasized that "users always have the ability to turn something off if they want to, […] but the core network needs to remain permissionless."

在 Buidl Asia 2024 會議上，Solana 基金會的 Austin Federa 認為錢包開發者應該擁有實施黑名單的特權。他補充說，幾乎每個生態系統中的每個錢包都會過濾掉「垃圾 NFT」和「垃圾代幣」。他強調，“如果用戶願意，他們總是可以關閉某些功能，[……]但核心網路需要保持未經許可的狀態。”

Freedom of Market Forces

市場力量的自由

On the other hand, Martin Lee, a senior data journalist at Nansen, told Cointelegraph that memecoin trends are a manifestation of the crypto market's "most open and free exchange sector in the world. The ability to create a token and have traders willing to actively trade these tokens is all enabled by the incentives of crypto. They are not inherently good or bad."

另一方面，Nansen 的高級數據記者 Martin Lee 向 Cointelegraph 表示，memecoin 趨勢體現了加密貨幣市場「世界上最開放、最自由的交易部門。能夠創建代幣並讓交易者願意積極參與」這些代幣的交易都是透過加密貨幣的激勵來實現的。它們本質上沒有好壞之分。”

Divisive Impact

分裂影響

The memecoin frenzy has divided the crypto community. While many crypto veterans who have witnessed these meme cycles believe it reflects poorly on crypto as most memecoins offer no utility and are essentially gambling, proponents contend that memecoins introduce new participants to the crypto ecosystem and showcase the merits of a free market where anyone can create a token and trade it.

模因幣的狂熱已經分裂了加密貨幣社群。雖然許多見證了這些meme 週期的加密貨幣資深人士認為，這對加密貨幣的影響很差，因為大多數memecoin 沒有任何效用，本質上是賭博，但支持者認為memecoin 為加密生態系統引入了新的參與者，並展示了自由市場的優點，任何人都可以在其中創建代幣並進行交易。