Solana's 20 - fold price increase since the FTX collapse has made it a popular destination for MEME coins. This price volatility has diverted some trading volume and investment from other blockchains. Smaller or less - known blockchains may see a decline in market share as investors are attracted to Solana's high - return potential. For established blockchains like Ethereum, it may prompt them to focus more on scalability and cost - effectiveness to maintain their competitive edge. In terms of development direction, other blockchains may explore new features or applications similar to Solana's to attract users and developers, such as more efficient smart contract execution or unique tokenomics for their native tokens.