Ethereum co-founder Vitalik Buterin highlighted that Decentralized Social (DeSoc) platforms and advanced DAOs remain the core objectives for blockchain development. However, many projects at the application layer have diverged from these priorities, as evidenced by the recent surge in memecoins. Notably, the memecoin market saw significant activity with the launch of tokens like TRUMP and MELANIA in early 2025, where MELANIA overshadowed the original TRUMP token.