Right here’s a enjoyable pressure inside Solana’s management: the Basis’s president thinks meme cash are helpful stress assessments for the community. The co-founder thinks they’re rubbish. Each of them work on the identical blockchain.
Lily Liu, president of the Solana Basis, mentioned throughout a dialogue with Fundstrat’s Sean Farrell that meme cash needs to be understood as a “manufacturing check” for the community’s efficiency, not as a defining characteristic of the ecosystem. In her framing, each degen-fueled buying and selling frenzy is definitely a reside fireplace drill for Solana’s infrastructure.
The reframe Solana wanted
Liu described meme cash as a part of a broader spectrum of property on Solana, starting from pure hypothesis on one finish to real utility on the opposite. She’s not endorsing meme cash as invaluable monetary merchandise. She’s saying they serve a mechanical goal for the community, even when the tokens themselves are economically hole.
Meme cash accounted for roughly 62% of Solana’s dApp income in June 2025. That’s a staggering focus in property that, by design, haven’t any elementary worth proposition past vibes and momentum.
Moderately than deny that actuality, Liu is leaning into it with a unique narrative. The meme cash aren’t the product. Solana’s skill to course of them at scale is the product.
The ‘digital slop’ counterpoint
Not everybody at Solana HQ is kind of so diplomatic about it. Anatoly Yakovenko, the blockchain’s co-founder, has referred to NFTs and meme cash as “digital slop” with no intrinsic worth. The place Liu sees a helpful proving floor, Yakovenko apparently sees a landfill.
Solana’s meme coin second didn’t emerge from nowhere. Donald Trump’s $TRUMP meme token launched on Solana on January 18, catapulting the community into mainstream political discourse. Melania Trump’s meme token adopted shortly after, rapidly rising to about $1.6B in whole worth. These weren’t obscure tokens traded amongst just a few thousand degens. They have been headline information, and so they all ran on Solana’s rails.
Past meme cash: the long-term infrastructure play
The Solana Basis is deploying post-quantum digital signatures on a testnet, an initiative aimed toward future-proofing the community in opposition to quantum computing threats.
What this implies for traders
For anybody holding SOL or constructing on Solana, the meme coin focus is price watching fastidiously. A 62% income share from meme cash means the community’s monetary well being is tightly coupled to speculative cycles. When meme coin buying and selling cools, Solana’s income metrics may drop sharply.
