**Solana's Memecoin Surge and AI Skepticism**

Solana's ecosystem is buzzing with activity as memecoins drive significant growth. In 2024, Solana's total value locked skyrocketed from $1.5 billion to $8.5 billion, largely fueled by retail traders and platforms like Pump.fun, which has seen volumes surpass $8.5 billion.

Despite this memecoin boom, Solana founders remain skeptical about AI agents, labeling them as overrated. Concerns also mount over maximum extractable value (MEV) issues, with Solana's validators earning more from MEV than Ethereum's for the first time, leading to increased transaction fees.