Developer Explains Why Meme Coins Are Shifting Base From Ethereum
Summary
Foobar criticizes Ethereum developers for neglecting mainnet improvements, leading to high fees and limitations. Proposals like TSTORE and EOA batch transactions aim to enhance scalability and reduce gas fees but face delays. Ethereum's low throughput and high gas fees are prompting projects, including meme coin issuers, to migrate to alternative protocols like Solana and Avalanche. Meme coin developers are deploying on platforms with high throughput and low fees, such as Solana and Base. The lack of mainnet improvements is also delaying the launch of Uniswap v4, which is expected to introduce new features like Hooks.
