There is far more than speculative memecoins on Ethereum. There are prediction markets, m-of-n digital wallets used by globe-spanning internet communities to m

There is far more than speculative memecoins on Ethereum. There are prediction markets, m-of-n digital wallets used by globe-spanning internet communities to manage their treasuries, decentralized social networks, hyper-scalable SNARK/STARK based validation of layer 2 state transitions, and decentralized markets for: permissionless/borderless trading and borrowing/lending of digital assets, buying and selling computing power, buying and selling bandwidth, hiring freelancers, and issuing and trading digital game assets. Beyond that, DeFi opens up new possibilities like tapping the liquidity in your digital art via a self executing loan that uses the art as the collateral. The extreme reliability of the Ethereum protocol allows massive amounts of value belonging to a huge set of mutually distrusting parties to be committed to self-executing programmatic contracts that, barring the managable risk of software design error, are guaranteed to execute as intended. This provides enormous value by reducing the overhead added by non-reliability of and bureaucratic limitations on contracts.