Yakovenko admitted that he was initially very surprised by the popularity of meme coins created on the basis of Solana. But later he realized that in almost all digital economies, the most important thing is entertainment, through which money can be made.
«Blessed are the meme coin traders, for those who can overcome their spam will inherit the metaverse. Like non-fungible tokens (NFTs), meme coins help solve a whole range of engineering problems. Our network and all systems are becoming more reliable,» said the co-founder of Solana.
Solana developers are used to 'chewing glass', that is, solving complex problems to improve network performance, Yakovenko said. After a series of outages in 2022, the blockchain only went down once in 2023. In February 2024, Solana temporarily halted block production shortly after launching the Pump.fun platform.
«We were lucky: we released the product quickly enough that these issues are behind us. The complexity of scaling multi-core systems lies in the fact that developers face various problems. There can be difficulties with network bandwidth that affect the number of transactions per second, which in turn negatively impacts network performance. One problem can have a cascading effect,» explained Yakovenko.
The co-founder of Solana assured that some problems can be resolved during testing, however, those faced by Solana could not have been anticipated and fixed in advance. Conducting stress tests at early stages may be a salvation, he added.
Recently, Yakovenko stated that meme cryptocurrencies are beneficial for the market — they motivate developers of serious crypto projects to prove their value. Earlier, Yakovenko expressed sympathy for the crypto startups based on Solana that might have suffered after the collapse of the FTX exchange.