the mental gymnastics to justify the mania happening on SOL vs ETH is amazing

it's not complicated 

Solana has one centralized layer with all the liquidity 

ETH decided to split the liquidity across 15 L2s

traders want liquidity, so they using Solana

that's the story

ETH was, rightly or wrongly, building for an idealized future where the majority of onchain activity was less speculative (and therefore less dependent on robust centralized liquidity)

meanwhile, I don't think Solana was building to keep liquidity in one spot to incentivize memecoins

it's just a happy accident of them having a simple north star (make single chain go fast) vs ETH's idealized buildoor vision tweaking the roadmap for use cases that aren't proven yet

intersubjective mechanism design @ poidh.xyz - come chill /poidh + follow @poidhbot