Anatoly Yakovenko, one of the co-founders of the Solana blockchain platform, has sharply criticized the current state of the cryptocurrency market, calling meme coins and NFTs “digital junk.” In his opinion, most projects in these segments carry no real value and exist solely due to speculative interest.
During a recent speech at a conference dedicated to the development of decentralized technologies, Yakovenko emphasized that the true potential of blockchain lies in creating useful tools and infrastructure, not in promoting virtual assets without practical application. “We are spending colossal resources on what is essentially digital garbage,” he stated. “This distracts attention from truly important tasks.”
His words provoked mixed reactions in the crypto community. Some support the criticism, believing that the NFT and meme coin markets are overheated and need correction. Others point out that it is precisely such projects that attract new audiences to the ecosystem and stimulate innovation.
Despite the skepticism, Solana continues to actively develop its platform, focusing on scalability and low fees. At the same time, the project team strives to maintain a balance between commercial opportunities and technological progress.
