What is the Impact of Meme Coins on the Blockchain Ecosystem?

[Suba]

Memecoins do not only affect trading but also the blockchain world. Memecoins often make activities in DeFi and DEX very high, especially when a memecoin is popular, traders will compete to make a profit, so that the transaction volume increases drastically, which will be very profitable for both traders and liquidity providers.

Memecoin investors also lock in the blockchain network so that TVL increases, although it can strengthen network security but memecoin volatility remains high.

 

[riberet19]

I really don't think it has generated much impact beyond attracting liquidity to the cryptocurrency ecosystem; they are highly speculative, and people invest in them for fun or to make big profits in a short period of time.