In the course of a recent podcast created by Bankless, Ethereum Foundation researcher Justin Drake surprised the cryptocurrency community by saying that he believes SHIB eclipses all other meme coins in the cryptocurrency market except Dogecoin.
In the course of a recent podcast created by Bankless, Ethereum Foundation researcher Justin Drake surprised the cryptocurrency community by saying that he believes SHIB eclipses all other meme coins in the cryptocurrency market except Dogecoin.
SHIB tops all Solana meme coins
On the podcast, Drake discussed Solana co-founder Anatoly Yakovenko, with Bankless’s Ryan Sean Adams and David Hoffman also present and moderating the Ethereum-Solana debate.
During the discussion, Drake noted that SHIB running on Ethereum outperforms all the multiple meme cryptocurrencies that were created and run on the Solana blockchain.
In the course of the discussion, Drake stated that while there are tens of thousands (or even hundreds of thousands) of meme coins built on Solana, their cumulative market capitalization value does not exceed $10 billion. Meanwhile, Drake said, there is only one meme cryptocurrency on Ethereum, called Shiba Inu, with a market capitalization of $15 billion.
Yuri MolchanHe apparently believes that SHIB surpasses them all in terms of quality. Some of the most popular meme cryptocurrencies on Solana include Bonk (BONK) and dogwifhat (WIF). Its market caps are $2,103,567,889 and $3,233,889,469, according to CoinGecko.
“And this is where we see the distinction between quality and quantity,” Drake told Yakovenko victoriously. Dogecoin remains the only meme cryptocurrency ahead of Shiba Inu, with a market capitalization of $23,130,494,872 and ranks eighth on the CoinMarketCap scale, while SHIB ranks eleventh.
