🚨 NEWS: Solana Co-Founder Anatoly Yakovenko Says Using SOL Has “Net Zero Impact” on Holders
Anatoly Yakovenko (Toly), co-founder of Solana, sparked debate after stating that using
$SOL as a currency — buying it to spend on transactions, memecoins, or fees — has a net zero economic impact on long-term holders.
What He Actually Said:
In a recent discussion, Yakovenko addressed criticism about platforms like pump.fun shifting trading pairs from SOL to USDC. He explained that when SOL is used purely as a medium of exchange:
It is bought → spent → sold again.
This cycle creates neutral pressure on the token’s price.
According to Toly, the real value accrual for SOL holders comes from:
Network fees generated by dApps and activity on-chain
Staking rewards (currently around 5-7% APY)
Overall ecosystem growth and demand for block space/security
“Using it as currency doesn’t move the needle. Real on-chain activity does,” he summarized.
Community Reactions:
Critics: Argue Solana is turning into a “memecoin casino” where SOL’s native utility is being diluted by stablecoins.
Supporters: Praise Yakovenko’s honesty and believe heavy stablecoin usage will drive more real activity and long-term growth for the network.
SOL remains one of the most active blockchains, leading in memecoin volume, DeFi, and daily transactions.
What’s your take?
Do you think increased stablecoin usage on Solana is ultimately bullish for SOL, or does it weaken the token?
Is “net zero” a realistic view or a risky statement?
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