- Yakovenko labels NFT and MemeCoin as “digital slops” regardless of Solana’s income dependence.
- MemeCoins accounted for 62% of Solana’s DAPP income in June 2025, driving $1.6 billion in H1 income.
- Crypto criticizes Yakovenko for rejecting a token that can assist develop the Solana ecosystem.
Solana Labs CEO Anatoly Yakovenko sparked the controversy after labeling inappropriate tokens (NFTs) and MemeCoins as “digital slops.” Feedback got here amid the continuing debate over the worth of digital property, prompting a pointy response throughout the crypto neighborhood.
In a publish on X, Yakovenko stated that NFT and Memecoins “has no intrinsic worth.” It claims to have been held since early 2024.
His feedback got here amid a dialogue with Jesse Pollack, creator of the bottom blockchain, claiming that NFT content material retains worth similar to portray.
Associated: Solna-based Memecoin is profitable 5% at this time when Sol Value exceeds $200
Knowledge reveals that Memecoins drives Solana’s income
Regardless of his assertion, Jacovenko additionally acknowledged that Solana’s latest success was linked to Memocoin’s actions. This reveals that in June 2025 MemeCoins accounted for 62% of distributed app income on the Solana community.
Between January and June 2025, MemeCoin Transactions additionally contributed to the vast majority of Solana’s $1.6 billion complete community income, with a lot of this exercise coming from Launchpads like Pump.Enjoyable.
A number of figures from the Crypto neighborhood responded to Yakovenko’s remarks. A contributor to the Franchi Protocol, recognized as “Caps” for X, accused Solana executives of calling the identical customers that drive the expansion of the community. One other commentator, “Karbon,” contrasts with the angle of Jakovenko’s co-founder, Vitalik Buterin, calling for the twin function of Yakovenko as “Distasteful” as a promoter and critic.
Associated: What’s an Impartial Token (NFT)? What are the chances for that future?
This argument challenges the domination of rival Memecoin Launchpad Letbonk Challenges Pump.enjoyable, generally outweighing it with every day revenue. The rise in different platforms displays the continued demand for Memocoin-related purposes regardless of ongoing debate about long-term worth.
Disclaimer: The data contained on this article is for data and academic functions solely. This text doesn’t represent any form of monetary recommendation or recommendation. Coin Version isn’t responsible for any losses that come up because of your use of the content material, services or products talked about. We encourage readers to take warning earlier than taking any actions associated to the corporate.
