Solana has been chosen as the preferred blockchain platform, with multiple sources indicating that it has 'won' over competitors like Ethereum. This choice is associated with the start of a 'supercycle,' a term used to describe a significant surge in cryptocurrency activity, particularly in the memecoin sector. The memecoin supercycle is reported to be in full swing, with implications for wealth distribution favoring Solana and predictions of increased value for specific memecoins like DOGE to $1 and FARTCOIN as a major beneficiary. Additionally, Solana's selection is seen as a boost for decentralized finance (DeFi) on the platform, with the sentiment that 'Solana loves DeFi.'