VC L1

Why is this trending?

Crypto traders highlight the shift from last cycle's VC-backed Layer 1 blockchains like Solana, AVAX, Luna, DOT, and ADA to this cycle's memecoins such as NPC, SPX, BRETT, GIGA, and NEIRO. This narrative positions memecoins as the dominant trade amid fading interest in venture capital-funded L1 projects. Discussions urge focusing on memecoins with strong communities and volume.