Ethereum’s daily transactions have surged to 1.87 million, approaching the January 2024 peak of 1.96 million. The uptick is fueled by stablecoins (USDC, Tether), decentralized exchange Uniswap, and regulatory tailwinds like the GENIUS Act. Analysts also cite ETF approvals and meme coin speculation on layer-2 networks as contributors. While Solana dominates meme coin volume, Ethereum’s DeFi TVL has climbed to $137 billion, with 59% market share. However, sustainability remains uncertain amid macroeconomic risks in 2026. Optimism persists, with prediction markets forecasting a potential doubling of transaction volume this week.
read moreAnatoly Yakovenko
0 posts last week
Co-Founder of Solana Labs, the team behind the Solana blockchain.
Solana Founder Faces Backlash Over Meme Coin Comments
Solana co-founder Anatoly Yakovenko faced backlash after calling meme coins and NFTs ‘digital slop’ with no intrinsic value, despite Solana hosting many top meme coins by market cap. The crypto community, including marketers and developers, criticized his stance, pointing out that meme coins have driven significant revenue and engagement for Solana. Yakovenko’s remarks stemmed from a debate with Base’s lead developer Jesse Pollak over the value of meme coins on different chains. While Yakovenko remains skeptical, meme coins like BONK and TRUMP continue to dominate Solana’s trading volume, even influencing SOL’s price surges. At press time, SOL was down 5% at $183.
read moreSolana Co-Founder Calls Memecoins ‘Digital Slop’ Despite Boom
Anatoly Yakovenko, Solana’s co-founder, criticized memecoins and NFTs as ‘digital slop,’ comparing them to loot boxes in mobile games—lacking inherent value despite their hype. His remarks clashed with Jesse Pollak’s defense of such assets as culturally meaningful, akin to art. While Yakovenko acknowledged memecoins’ role in Solana’s recent dominance in DEX trading volume, he warned of the financial risks for retail investors caught in speculative cycles. Despite controversies, including politically charged tokens, memecoins remain central to Solana’s on-chain activity, driving record revenue and adoption.
read moreSolana CEO Calls Memecoins ‘Digital Slop’ Amid Debate
Solana Labs CEO Anatoly Yakovenko ignited a fiery debate by calling memecoins and NFTs ‘digital slop,’ comparing them to loot boxes in mobile games. His comments, made on X, drew sharp responses from figures like Jesse Pollak, who argued that content inherently holds value. The controversy underscores Solana’s paradoxical dependence on memecoins, which contributed 62% of its decentralized app revenue in June 2025. Critics accuse Yakovenko of hypocrisy, as memecoins fuel Solana’s growth while he publicly derides them. Meanwhile, competition in the memecoin space intensifies, with platforms like LetBonk challenging Pump.fun’s dominance, signaling both opportunity and volatility for Solana.
read moreSolana Developers Target Market Microstructure with ACE
Solana’s developer ecosystem, including key figures like co-founder Anatoly Yakovenko, is prioritizing changes to the network’s market microstructure through Application-Controlled Execution (ACE). ACE allows on-chain applications to dictate transaction execution order, addressing what developers call the ‘single most important problem in Solana today.’ This shift could enable features like sniper protection for token launches and improve overall market efficiency. The roadmap includes short-term updates like Jito’s Block Assembly Marketplace and long-term developments such as Anza’s Alpenglow consensus protocol, aiming to reduce latency and simplify development. The goal is to create a flexible foundation for optimal market structure by 2027, fostering Solana’s growth as a hub for high-liquidity markets.
read moreSolana Co-Founder Slams Cardano’s $100M Bitcoin Treasury Plan
Solana Labs co-founder Anatoly Yakovenko has publicly opposed Cardano’s proposal to convert $100 million of its ADA treasury into Bitcoin, labeling it as misguided treasury management. The controversial plan, introduced by Cardano founder Charles Hoskinson, seeks to enhance the network’s DeFi and stablecoin ecosystems but has drawn criticism for potentially undermining confidence in ADA. While Hoskinson defends the move as a strategic necessity to address liquidity gaps, critics, including Yakovenko, argue it signals a lack of faith in Cardano’s native token. The debate has split the Cardano community, with concerns over ADA’s price impact and the broader implications for decentralized finance.
read moreSolana Co-Founder Warns: Prepare for 95% Crypto Crash
Anatoly Yakovenko, co-founder of Solana Labs, urges crypto startups to prepare for a severe market crash—up to 95%—despite current bullish trends. He advocates for quarterly ‘pre-rehearsals,’ simulating worst-case scenarios to test resilience. Key survival tactics include prioritizing essential products, retaining core team competencies, and maintaining 18 months of cash reserves. Yakovenko criticizes complacency in the Solana ecosystem, warning that overconfidence could lead to under-preparation. His advice draws from past crypto crashes, where unprepared projects collapsed. Startups adopting this disciplined approach may not only survive downturns but emerge stronger, shaping the next phase of innovation.
read moreSolana Seeker: Web3 Mobile Device Launching August 2025
Solana’s flagship Web3 mobile device, Seeker, is scheduled for global shipping starting August 4, 2025, with an early adopter price of $500. The device retains key features from its predecessor, the Saga, including the Genesis Token and Hardware Seed Vault, while introducing new functionalities like Seeker ID and an improved DApp store. With 150,000 units already sold, Seeker boasts hardware upgrades such as 8GB RAM, 128GB storage, and a 6.36-inch AMOLED display. Solana is also expanding its mobile ecosystem through partnerships and the introduction of SKR, a native token designed to incentivize participation. Additionally, the Trusted Execution Environment Platform Infrastructure Network (TEEPIN) aims to create a decentralized mobile framework. Despite these developments, SOL’s price remains below $177, with analysts predicting potential growth to $2000 in the future.
read moreSolana Seeker Phone Ships Aug 4 with SKR Token
Solana Mobile announced the worldwide shipping of its second-generation Android phone, the Solana Seeker, starting August 4. The device builds on the original Saga with new features like SeekerID and an improved Solana Dapp Store. A key addition is SKR, a native token designed to anchor Solana Mobile’s decentralized ecosystem, incentivizing builders and users. The company also unveiled TEEPIN, a three-layer architecture enabling trustless participation. Priced at $500, the Seeker has already garnered 150,000 pre-orders, positioning itself as an affordable yet advanced crypto mobile solution. Solana Mobile aims to challenge traditional closed platforms by fostering open innovation and decentralization.
read moreSolana: From Sunshine to Top Baby Name & Crypto
Solana, meaning ‘sunshine’ in Spanish and Latin, has surged in popularity as a baby name, climbing to the 242nd spot in 2024 from 933rd in 2023. The name’s appeal is tied to its melodic sound and association with warmth, partly boosted by artist SZA. Simultaneously, the Solana blockchain, named after Solana Beach in California, has become a top Layer 1 crypto, processing thousands of transactions per second and ranking 6th by market cap. The dual rise of Solana highlights its cultural and financial impact.
read more