Solana Founders Survey Reveals Support for Memecoins and Skepticism about AI
- Memecoins drive adoption and growth on the Solana blockchain.
- Skepticism about the sustainable impact of AI agents.
- MEV concerns drive up fees and challenge Solana network.
Founders of projects in the Solana ecosystem have expressed great enthusiasm for memecoins, but remain skeptical about the impact of artificial intelligence (AI) agents on the cryptocurrency market. These insights emerged from a recently released study that also highlighted significant challenges related to the maximum extractable value (MEV) on the network.
Most said memecoins are mostly good pic.twitter.com/modVh7Ed3k
— Jack Kubinec (@whosknave) January 3, 2025
According to the survey, 76% of respondents classified memecoins as a “mostly positive” contribution to the market. On the other hand, 16% identified AI agents as the most overrated sector within the Solana ecosystem, reflecting doubts about their practical viability and potential for sustainable impact.
Among the possible alternatives to Solana, if it were necessary to switch to another blockchain, the founders indicated a preference for networks such as Base, Coinbase's layer-2 solution, and Sui, a competing layer-1 blockchain. This positioning reinforces the interest in platforms that combine scalability, reduced cost and innovation.
In the memecoin market, growth has been impressive in 2024, with the sector’s total capitalization rising from $20 billion to more than $120 billion. One standout was the Pump.fun platform, which has moved more than $8,5 billion since its launch in January. At times, Pump.fun even surpassed the Ethereum network in daily revenue.
On the other hand, tokens associated with AI agents have also grown, reaching a total capitalization of $16 billion, especially in the last quarter of 2024. Despite this, there is skepticism about their longevity. One Web3 expert warned that many of these projects are based on “fragile narratives” and may not deliver concrete results.
Meanwhile, concerns about MEV grew in 2024, when Solana validators surpassed Ethereum’s in revenue from the mechanism. This increase coincided with a tripling in transaction fees on the network, highlighting the need for solutions that mitigate the negative effects of MEV on users.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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