Believe price

The launch of $PUMP is local top for $SOL and the Solana ecosystem. Until now, $SOL and somewhat $FARTCOIN have been proxies for betting on the growth of the Solana ecosystem, much of which has been tied to meme coin volume. → Fees are down to $1.7M per day, down from the ATHs of $15M → Pump has already raised over $700M in fees, which begs the question of why a token? → Competitors like bonkfun, and Believe have cannibalized volume with no new liquidity coming into the ecosystem. So, who benefits from this extraction? In my opinion, the best two bets are @ethereum and @avax. 1. Why Ethereum? - Ethereum already has established runners, significant liquidity to support volume and an ecosystem (DeFi) for users to play around in. - The @ethereum foundation is also simplifying their roadmap, which bodes well for morale - Lastly, we have ETF funds turning positive over the past month. 2 .Why Avalanche? - Their most recent Octane upgrade has reduced gas fees and increased throughput, making it a perfect place for DeFi, Gaming, and Memes to thrive. - @avax DeFi is growing at a great rate, we've seen significant growth within core protocols - @avantprotocol with avUSD and now savBTC - @eulerfinance with $260M in TVL - L1s are starting to deploy at an expedited rate, particularly gaming and RWA chains ( @MaplestoryU, @GunzillaGames, @vaneck_us) - Transactions are also at a yearly high while gas costs remain historically low, showcasing highly scalable tech. Additionally, both ecosystems are well-positioned to benefit from increased institutional capital being onboarded via their tokenization efforts.