Im my opinion this legitimized Ethereum, makes it more efficient and serious.
If all the meme coins go to solana that means the Ethereum network and fees go down, all the useless coins stop congesting the network as much. They dont really add value to anything anyway other than pump and dumps.
As the ETFs go live this opens the door for the tokenization of assets(stocks, bonds, real estate, etc) to begin on Ethereum. Ethereum gets all the real life good securities on the network and Solana gets all the useless celebrity scams.
There is still alot of cleanup to do on Ethereum but this is a divergence in two competitive blockchains.
submitted by /u/Euro347
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