Solana Co-Founder Calls Meme Coins and NFTs ‘Digital Slop’ with No Intrinsic Value
Main Idea
Solana co-founder Anatoly Yakovenko criticizes meme coins and NFTs as 'digital slop' with no intrinsic value, despite Solana hosting a $15.5B meme coin empire and significant NFT trading activity.
Key Points
1. Anatoly Yakovenko dismissed meme coins and NFTs as having no intrinsic value, comparing them to mobile game loot boxes.
2. Solana's meme coin market reached $15.5 billion in July 2025, with platforms like LetsBonk capturing 70% market share.
3. Solana launched over 1.1 million new tokens in 2024, with meme coins like BONK ($2.7B market cap) and DOGWIFHAT leading the market.
4. NFT activity on Solana surged, with the broader market growing 94% to $6.6 billion in July 2025, led by collections like Solana Monkey Business and DeGods.
5. Despite Yakovenko's criticism, Solana's ecosystem thrives with over $10B in DeFi TVL, 1,000+ projects, and 2,500+ active developers.
Description
Solana co-founder Anatoly Yakovenko has dismissed meme coins and NFTs as “digital slop” with no intrinsic value, comparing them to mobile game loot boxes, despite his blockchain hosting the most active meme coin ecosystem, which generates billions in trading volume. Yakovenko made the comments during a Twitter exchange with Base’s Jesse Pollak, questioning whether Zora coins provide any claims on future cash flows from creators. When challenged about Solana’s meme coin activity, he acknowledged ...
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