In a recent discussion, Solana co-founder Anatoly Yakovenko criticized meme coins, labeling them as 'digital slop', drawing attention to their importance to the network.
Yakovenko’s Critique of Meme Coins
Anatoly Yakovenko described meme coins and NFTs as digital slop lacking intrinsic value. In a recent post on X, he compared crypto tokens to mobile game loot boxes, arguing that their value is determined only by market-driven price discovery. The debate occurred with Base creator Jesse Pollak, who contended that intrinsic value exists in the content itself. Yakovenko reiterated that Solana would not have achieved its unique success without meme coins.
Meme Coins as a Major Source of Solana's Revenue
According to Syndica figures, meme tokens accounted for 62% of Solana DApp revenue in June 2025, marking a new all-time high for the platform. The percentage gradually increased from around 20% in March 2024. Intense competition in meme coin creation keeps profits steady. It has also been reported that nearly 60% of new Solana tokens in 2025 were meme coins.
The Impact of the Meme Coin Ecosystem on Solana's Activity
Meme coins on Solana have exhibited varied outcomes recently. Popular meme coins like BONK and Pudgy Penguins continue to show price fluctuations. Low fees on Solana facilitate meme coin creation and trading, which in turn increases trading volumes. Consequently, this meme coin ecosystem significantly impacts the overall activity within the network.
The debate over meme coins and their value continues, confirming their influence on Solana's network economy. Advocates and critics present differing views on the future of this token category.
