Sachin
@mun
Will @Linea Become the Next Hub for MEMECOINS ? 🧵 Let's explore the early 1000x opportunity. First, let's understand where linea stands in the meme coin saga. SOLANA: Daily Volume: $6 Billion+ Daily Transaction Count: 20Million+ Top DEX (Raydium) Daily Volume: $4 Billion+ Linea: Daily Volume: $30 Million+ Daily Transaction Count: 40K to 50K Top DEX (Lynex) Daily Volume: $16 Million+ Note: Data only considers DEX transactions sourced from Dex Screener. Huge difference So, why is that ? To answer this, we need to understand the user onboarding processes for both chains: SOLANA Onboarding :- 1 - DeFi Airdrops ( @JupiterExchange @jito_sol @Parcl @bonk_inu etc.. ) 2- Memecoin Rush after @bonk_inu 3- Successful launchpad @pumpdotfun (Grinding/Degen mindset) Linea Onboarding for memes:- 1 - memecoin launchpad @ponddotfun 2- Organic users growth 4- Less Rug 3-Linea team supporting memecoin communities Spaces with memecoin projects
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Sachin
@mun
Now, let's dive into the main question :) Will Linea Become the Next SOL for Memecoins? Ofcourse because Linea is so early and shown so much growth recently Let’s understand Solana’s history for context :- In December 2022 - Solana’s daily volume was only $20 million, but then $BONK was born. The entire Solana ecosystem supported this meme coin, which gained attention as ETH was expensive and the market was bearish. So people saw opportunity in SOLANA memecoins. But the real fun began in January 2024 with the launch of @pumpdotfun :) which solved one of the biggest problems for meme coins—Rugpull Before PumpFun Launch :- SOLANA Daily Volume: Rarely touched $1 Billion After PumpFun Launch :- SOLANA Daily Volume: Consistently crossed $5 Billion+
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Sachin
@mun
Can Linea do the same? @Linea are working hard to make this happen. Recently announced @LineaAssn These three memecoin supported by Linea team and I'm confident they will boom after Linea tge 1- $CROAK (@CROAK_on_linea) - ($3.1M MC) 2- $Foxy (@FoxyLinea)- ($44M MC) 3- $Linus(@LinusOnLinea)-($720K MC) Available on @LynexFi and @NileExchange (@Consensys Recently invested in Nile first dex on linea ) Biggest play @ponddotfun can act same as pump fun for Linea Notable memes have launched and bonded to Nile on pond or are supporting meme coins on Linea @CatWifCapLinea – $CWC ($240K MC) @LinpussLinea – $LPUSS ($1.1M) @FoxxOfLinea - $FOXX ($270K) @beaver_builder – $BEAVER ($100k) @Lineairdop - $LINEA($800k) @froxyonlinea - $FROXY ($150K) @GenesisOnLinea – $GENESIS ($60K MC) Due to this push, we’ve seen a 5x to 10x increase in volume on Linea, but this isn’t enough to bring in retail traders.
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Sachin
@mun
To catch up with solana Linea should focus on 1.Push Organic Memecoins : Focus on building and pushing organic meme coins to create FOMO. This worked for Solana with $BONK. 2. Invest in their OG memecoins and support them This will bring a lot real users to Linea and make hype on linea 3.Linea airdrop: Play the biggest role as Linea becoming the biggest L2 with less transaction cost and time could bring million users $LINEA TGE is coming and airdrop also So don't fade this Og Linea NFT still under valued @efrogs.eth Efrogs and efroglets https://element.market/collections/ethereum-frogs https://element.market/collections/ethereum-froglets
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