#以太坊行情技术解读 Deeply agree. Just look at the ecological evolution of BNB Chain over the past few years — why haven't any meme projects crossed that $1 billion mark? Frankly, early liquidity was abundant, but there was a lack of narrative support capable of sustaining the scale. Compared to top projects in the Ethereum ecosystem, they either have technical backing or clear community consensus behind them. In contrast, many meme projects on emerging public chains rely more on hype and emotional drive. Once the hype fades and fundamentals can't keep up, maintaining high valuations becomes very difficult. This phenomenon actually reflects the overall maturity level of the crypto market — investors are becoming more rational, and the lifecycle of pure concept plays is shortening.