Solana founder: The meme coin craze and Pump.fun have made Solana stronger, entertainment is the biggest source of wealth

Solana co-founder Anatoly Yakovenko said at the Emergence conference in Prague on 12/6 that meme coins bring many technical challenges to Solana, but these challenges have become opportunities for innovation.

MemeCoin brings stress testing, making Solana stronger and stronger

Yakovenko said that the popularity of meme coins has put Solana under pressure from tremendous volume, but it is also through such pressure testing that the team has the opportunity to solve many unexpected problems. He gave an example that in order to address the issue of high transaction load, Solana has developed 'Localized fee markets,' which not only improves efficiency but also allows Solana to be more flexible in facing future challenges.

Technical optimization, Solana eliminates the frequent crash dilemma of the past.

Solana previously faced criticism in 2022 due to multiple crashes. However, Yakovenko emphasized that Solana's technical team has become stronger and can quickly respond to issues. He mentioned that Solana only experienced one failure in February 2024, which coincided with the launch of the meme coin platform Pump.fun in January 2024. Therefore, this failure is believed to be related to the network load pressure brought by Pump.fun.

"Fortunately, our team quickly resolved the issue," Yakovenko said with a smile. He added that the scalability of the multi-core system poses many challenges, such as insufficient memory bandwidth speed, which can affect transaction throughput, and these problems are often unpredictable even in research."

Solana's single-state design makes it easy for developers to choose

Yakovenko mentioned that Solana's design allows developers to not need to create additional bridges or procedures for each meme coin. 'Raydium (Decentralization exchange) did not expect every meme coin to use their liquidity pool, and meme coin projects naturally use their functionality without the need for additional settings, making the whole process simple.' Yakovenko believes that this convenience and low transaction fees have made the Solana ecosystem flourish.

Compared to other layered scaling solutions (such as Layer 2), Yakovenko questions whether other developers can easily replicate Solana's success. He said, "In theory, it is possible because developers are usually lazy, and Solana is the easiest shortcut."

It's no surprise that meme coins are popular, entertainment is the biggest source of profit.

Yakovenko was initially surprised by the popularity of meme coins, but later felt that it was all quite reasonable. "In almost all digital economies, entertainment is the biggest source of money. When you look back and think about it, well~ this is actually quite reasonable." Yakovenko said.

The founder of this article Solana: the meme coin frenzy and Pump.fun make Solana stronger, and entertainment is the biggest source of wealth