Solana founders embrace memecoins, say AI agents overrated: Survey
Solana founders view memecoins positively, with 76% considering them "mostly good," while expressing skepticism about AI agents, with 16% labeling them as overrated. If unable to build on Solana, founders would choose Base or Sui. Solana's total value locked (TVL) rose from $1.5 billion to nearly $8.5 billion in 2024. Solana outperformed Ether by eight times since 2023, driven by retail interest in memecoins and AI tokens. The memecoin market cap grew from $20 billion to over $120 billion, with Solana's Pump.fun platform generating over $8.5 billion in volume. AI agent tokens reached a $16 billion market cap, but concerns about potential scams exist. Over 20% of founders identified maximum extractable value (MEV) as Solana's biggest issue, with validators earning more from MEV than Ethereum for the first time, coinciding with tripled transaction fees on the network.
