I see "meme" coins are clogging up Blockchains and rendering them useless, as the hype shows no signs of slowing down. Blockchains like ETH, BTC, and even Polygon/MATIC have seen an increase in network fees. Even Coinbase's ETH L2 network (BASE) have been affected by "meme" coins.
This is frustrating, because there are users who want to use crypto for day-to-day payments. Not for speculating or getting rich quick. Developers are going to need to constantly improve on-chain scalability to keep fees as low as possible. That's without undermining decentralization, of course.
What's your opinion on this? Do you think the "meme" coins craze will move the industry away from being a utilitarian one to a speculative one? Will the hype last forever? Do you think crypto will do fine with "meme" coins in the way?
Your input would be greatly appreciated. Thanks in advance.
Including in the solana network, I also think it is busy to the point that the founder said he did not recommend meme tokens to buy even though it basically made the price of solana increase due to purchasing activity.
ETH, Bitcoin and other networks as more meme tokens are hype, it will be very detrimental to the network, which makes me disappointed because blockages will take time and money if it is too busy.
I myself feel disappointed if I look at the development of meme tokens, but on the other hand this cannot be stopped so it is better to use it for profit, and in fact it is quite profitable for early adopters, try it and feel mentally like gambling on meme coins hahaha.