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The popularity of meme coins can be attributed to the power of the community. Most of these tokens were inspired by old-school memes from the internet's “Golden Age,” which lasted approximately ten years, from 2015. The Doge, for example, was one of the most widely used memes, consisting of a picture of a Shiba Inu dog accompanied by words like “such”, “wow”, and “amaze” used in various contexts. Now, the Dogecoin token is the leading meme coin on the market.
Another notable example is Pepe the Frog, whose philosophy centers on expressing emotions through various Pepe faces. Now, the meme has become the source of endless Pepe cryptocurrencies listed on popular exchanges, driving the Pepecoin price upwards, since the coin is the one that started it all.
These meme coins require sustainable blockchain support to thrive in the cryptocurrency industry, which is why many are backed by prominent networks that make them safe, affordable, and accessible. Let’s explore the blockchain options preferred by meme coin developers.
Ethereum is one of the most evolved blockchains in terms of scalability, security, and innovation. With the second-biggest cryptocurrency on the market and a vast ecosystem, Ethereum is the perfect environment for the creation of a meme coin.
Ethereum is already home to several meme coins, including:
Shiba Inu (SHIB) offers solutions for identity management, secure payments, and data ownership;
Pepe (PEPE) has a unique deflationary system, a redistribution technology, and a no-tax policy;
Dogelon Mars (ELON) combines different coin features and crypto aspects, gaining value through community support;
Ethereum is also a leader in the cryptocurrency space. According to Binance.com Research, “Ethereum is emerging as the institutional favorite, nearly surpassing Bitcoin in ETF inflows and cementing its role as crypto’s yield-bearing backbone.”
One of the first “Ethereum killers” in the industry, Solana gained popularity by offering similar products and services to Ethereum, but at lower costs and faster speeds. Meme coins on Solana benefit from fast deployment, as well as a growing community with an interest in meme coins, NFTs, and entertainment-based tokens.
Solana’s meme coin library starts with:
Bonk (BONK) had one of the most impressive airdrops in which the Solana community received 50% of its total supply;
OFFICIAL TRUMP (TRUMP) is the official meme coin associated with US President Donald Trump;
Pudgy Penguins (PENGU) are part of a Web3 brand with collectibles, toys, and figurines;
Solana offers two options for creating meme coins. First, developers can use a launchpad if they’re beginners since costs are low, and they can migrate the liquidity to a popular DEX. Or, they can create an SPL token and a liquidity pool to mint the coin, which helps control liquidity and supply, as well as make space for a presale or airdrop.
Cardano is an innovative blockchain whose development is based on research and technical outlook. Its value comes from a unique consensus mechanism called Ouroboros, incentivized participation, and its sustainability. While Cardano wasn’t the first option for developers in terms of meme coins, some of its tokens have recently boomed, making it an option for profitable assets, such as the following:
Snek ($SNEK) is the largest meme coin on Cardano by market capitalization, and it found popularity on exchanges, DeFi apps, and IPs;
Hosky Token ($HOSKY) has no intrinsic value, but is home to a transparent DEX, a Rug Pool, and many NFT collections;
Nikepig ($NIKE) is inspired by Cardano’s pet pig, but it was created only for entertainment, therefore lacking a whitepaper or tokenomics;
Creating tokens on Cardano doesn’t require programming skills, and the blockchain offers the infrastructure for developing native tokens. These innovative coins can be created without the use of smart contracts, thereby removing numerous challenges and potential errors from the development process.
Polygon is one of the most competitive blockchains in terms of low-cost features, lightning-fast transactions, and Web3 adoption. It has $ 0.01 per average transaction, 1,000 transactions per second, and millions of unique addresses. Therefore, it’s the ideal ecosystem for developers who want to create a meme coin fast and cheaply.
Some known meme coins on Polygon are:
PolyDoge (POLYDOGE) is a token inspired by the Doge meme, but created specifically for the Polygon blockchain;
Aki Network (AKI) is based on a protocol focused on a Web3 influencer network;
MUT (MUT) offers exclusive benefits to holders who can access mutual aid while contributing to the network;
Choosing the perfect blockchain app for creating a meme coin might not seem important, since most networks support the creation of tokens, whether they’re successful or not. However, considering that most meme coins originate as a hobby or entertainment project, utilizing a blockchain that offers low costs and supports an enhanced user experience can sustain the token’s growth.
Additionally, not all blockchains provide a suitable development process or tools for beginners, making it challenging to achieve their goals. While meme coins don’t have to have utility, they’re the product of strong communities that can push for the popularity of a coin simply because they resonate with the underlying meme.
Still, nowadays, beginner developers can access numerous tools that don’t require programming skills in smart contracts or that are beginner-friendly. This is why there are numerous new meme coin projects on the market, creating competition and fostering innovation.
Many meme coins gained value by giving back to their communities, including Dogecoin’s collaborations with NGOs. Solutions like The Giving Block make it efficient for organizations to connect their causes to crypto donors, allowing them to expand their audience reach.
Meme coins are some of the most fun and interesting cryptocurrencies, as they’re inspired by the memes that made the internet a better place. Everyone recognized Doge or Pepe, so investing in a token created after them is not useless, considering these tokens’ market capitalization. Some of the most successful meme coin projects were created on blockchains like Ethereum and Solana, where developers leveraged innovative tools and fast transactions.
Disclaimer
The information on Coinsniper is user-generated and not verified. Coinsniper does not provide financial advice or facilitate transactions.
Also note that the cryptocurrencies listed on this website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments.
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