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Solana rules the Meme Coin space...... Right now.
The return of Solana has been the story of this cycle so far, with the network rising on the back of technological advancements, lucrative airdrops, and the most notable meme coins.
Meme coins have gone from being a non-serious, ephemeral asset class to a forward-looking alternative to low-liquidity, high-FDV tokens that don't have enough retail upside.
Today, most meme coin activity takes place at Solana, although activity is continuing to migrate to ETH L2 like Arbitrum and Base. Base has been particularly lively lately.