Solana’s CEO Calls Memecoins “Digital Slop”—Even Though They Drive 62% of His Network’s Revenue
Main Idea
Solana Labs CEO Anatoly Yakovenko criticizes NFTs and memecoins as 'digital slop' despite their significant contribution to Solana's revenue, sparking debate in the crypto community.
Key Points
1. Anatoly Yakovenko labeled NFTs and memecoins as 'digital slop,' claiming they have no intrinsic value, a stance he has held since early 2024.
2. Memecoins accounted for 62% of Solana’s decentralized app revenue in June 2025 and contributed to $1.6 billion in total network revenue in the first half of 2025.
3. Yakovenko's comments drew criticism from the crypto community, with some comparing his stance unfavorably to Ethereum co-founder Vitalik Buterin's views.
4. The debate occurs as rival memecoin launchpad LetBonk challenges Pump.fun’s dominance in daily revenue.
5. Yakovenko admitted Solana’s recent success is partly due to memecoins, despite his personal criticisms.
Description
Yakovenko labels NFTs and memecoins as “digital slop” despite Solana’s revenue dependence. Memecoins made up 62% of Solana’s dApp revenue in June 2025, driving $1.6B in H1 revenue. Crypto figures criticize Yakovenko for dismissing tokens that helped grow the Solana ecosystem. Solana Labs CEO Anatoly Yakovenko has stirred controversy after labeling non-fungible tokens (NFTs) and memecoins as “digital slop.” The comment came during an ongoing debate over the value of digital assets and has prompte...
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