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RE: LeoThread 2025-12-07 03:20

in LeoFinance8 days ago

Part 8/15:

  • The recent Denh upgrades, intended to improve scalability, have shifted activity to layer 2 solutions or moved entirely to other chains like Solana.

  • ETH/BTC charts are strongly down, indicating that Ethereum's value compared to Bitcoin has deteriorated significantly.

In contrast, Solana's chart looks robust. Support levels have held firm, and fees are surging due to meme coin activity—particularly from memecoin projects dominating revenue streams on top of the network. Such activity has spurred network growth and engagement, albeit with the danger of speculative bubble-like behavior.