Solana Co-Founder Drops Truth Bomb: Memecoins and NFTs Are Just ’Digital Slop’

Solana's co-founder just torched the meme economy—calling speculative crypto assets 'digital slop' in a blistering critique. Here's why it matters.

### The 'Slop' Economy Exposed

While degens chase the next dog-themed token, builders keep shipping real DeFi infrastructure. The irony? Both thrive on Solana's blockchain.

### When the Music Stops

Pump-and-dump schemes dressed as 'community tokens' won't save your portfolio when regulators come knocking. But hey—at least the memes are funny.

### A Cynic's Footnote

Wall Street still can't decide whether to ban crypto or buy the dip. Meanwhile, Solana validators keep cashing checks either way.

Memecoins Dominate Solana Revenue

Despite Yakovenko’s criticism, solana thrives on memecoin activity. According to a July 2025 report by blockchain infrastructure firm Syndica, memecoins contributed 62% of Solana’s decentralized app (dApp) revenue in June. That pushed Solana’s total revenue for the first half of 2025 to $1.6 billion, largely thanks to memecoins.

Most of this revenue came from Pump.fun, a Solana-based memecoin launchpad, and PumpSwap, a DEX aggregator. However, rising competitor LetBonk has recently challenged Pump.fun’s dominance.

Community Pushback

Yakovenko’s harsh take drew backlash from the community. One user, “Caps,” accused him of disrespecting the very user base that made Solana successful. Another user, Karbon, accused him of promoting memecoins while believing they’re worthless.

Nevertheless, even despite the position of Yakovenko, the memecoins remain a major force behind Solana’s growth, which demonstrates the evident divide between opinion and on-chain reality.

Also Read: Solana DEX Volume Hits $6B, Highest in Two Months. What’s Next?