Solana Faces Growth Challenges as Meme Coin Trade Declines

A recent report by Standard Chartered suggests that Solana, despite its dominance in high-volume blockchain trading, may be shifting its focus away from its core strengths. The bank’s May 27th report highlights Solana’s ability to process transactions quickly and affordably, making it a go-to platform for meme coin trading. However, the recent decline in meme coin activity on the network is causing concern as it could impact Solana’s growth potential. The report predicts that Solana’s momentum may slow down if it doesn’t explore new avenues for development.