Ethereum News Today: Meme Coin Evolution: Investors Prioritize Utility Over Viral Hype with Layer Brett

The cryptocurrency market is shifting as investors abandon traditional meme coins like Dogecoin and Shiba Inu for newer, utility-driven projects. Among the most talked-about is Layer Brett (LBRETT), an Ethereum Layer 2 meme coin offering staking rewards exceeding 590% APY and near-instant, low-cost transactions. With over $4.4 million in private funding and a growing community of 10,000+ Telegram members, Layer Brett is positioning itself as the next breakout meme token in the 2025 bull run, according to a LiveBitcoinNews report.

The exodus from legacy meme coins is accelerating. Dogecoin (DOGE) has slumped 17% over the past three months amid delays in SEC approval for its ETF, while Shiba Inu (SHIB) struggles with a bloated supply of 589 trillion tokens and stagnant TVL on its Shibarium network, according to a Coindoo analysis. Meanwhile, Layer Brett's Ethereum Layer 2 infrastructure addresses scalability issues that have plagued older meme coins. By processing transactions off-chain, it slashes fees to a fraction of Ethereum's costs and enables speeds rivaling traditional payment systems, the LiveBitcoinNews report also notes.

Analysts draw parallels between Layer Brett's rise and Shiba Inu's 2021 surge, but with critical upgrades. While SHIB's value collapsed after its initial hype due to lack of utility, Layer Brett integrates gamified staking and decentralized governance, blending meme culture with blockchain fundamentals, according to a LiveBitcoinNews analysis. Early adopters can earn passive income through its staking platform, and the project's capped 10 billion token supply aims to prevent inflationary pressures that have derailed other tokens, a Coindoo piece adds.

The SEC's continued rejection of altcoin ETFs has further fueled interest in Layer Brett. With Dogecoin ETFs delayed, investors are seeking alternatives that combine meme-driven virality with technical innovation. Layer Brett's $1 million giveaway and affordable entry price of $0.0058 per token have attracted retail and institutional buyers alike, according to a Coindoo report. "This isn't just a meme—it’s a scalable platform with real-world use cases," said one analyst, noting the project's potential to disrupt the crowded meme coin space, as covered in a LiveBitcoinNews piece.

As the crypto bull run gains momentum, Layer Brett's blend of Ethereum Layer 2 efficiency and high-yield rewards is drawing comparisons to Bitcoin's early days. With its presale in progress and a roadmap that includes NFT integrations and global expansion, the coin is being touted as a "100x opportunity" by proponents, the LiveBitcoinNews analysis observes.

---