“If you split it, there are many moving components in the backend that people are not necessarily aware of,” says Anurag Arjun, co -founder of crypto -infrastructure Startup Absip and Polygon, a crypto network that is built to large numbers Transactions to process quickly.
Until the end of 2023, when the first inkings of the Memecoin Frenzy began to show, Solana was a relative ghost city. With barely anyone used the network, the services that were built on top had to remain on pieces. Very little have been built on Solana -based applications for purposes other than financial speculation. “There are many jokes about the development of Solana as chewing glass,” says Tom. “It can be very difficult.”
Memecoins are previously scaled as unexpected and therefore possibly harmful to the crypto industry because it strives for validity. The Trump -Munt in particular is downright criticized as a 'cue hand'. Nevertheless, the arrival of coins such as Trump can have a wider second order benefits for crypto networks, creating a flywheel effect, attracting the arrival of Memecoin gamblers who would like to build other applications for them to use. As soon as people are equipped with a Solana wallet, the theory is rather inclined all kinds of solana-based applications of all types, social platforms, games or music services led to a permanent increase in network activity.
“Many application teams will focus on those new users,” says Arjun. “A memecoin is an example of what can be done on this infrastructure.”
Trump's launch is also important for what it implies about the attitude of the US government towards crypto, experts say. The industry has long been complaining about the absence of explicit rules for the issue of new coins in the US; Since it has the imprimatur of the president, the Trump launch can be interpreted as tacit permission.
“This will create a kind of statement that will drip into all the different agencies: America embraces Crypto,” says Demelza Hays, Digital Asset Portfolio Manager at Investment Company Zeltner & Co and chief economist at the Crypto Trade Publication Cointelegraph. 'I think we'll see it [many] Celebrity memecoins. '
As with the launch of Trump, the stock markets and other components of the Solana Memecoin Supply Chain are mainly to win, not the traders.
“The trading of the Trump -Memecoin is like betting on roulette. A bet on Solana itself is bet on the entire casino, “says Hays. “If there is a higher trade volume, we will certainly see [the exchanges] Do it very well. “
Although Raydium is likely to benefit from any potential flywheel effect created by the Memecoin Frenzy and embrace of crypto by the US, Tom finds himself in conflict about Trump.
“The Raydium company is to facilitate the volume. We try to follow a very agnostic approach of the available tokens on the platform, “he says. “And having the most powerful person in the world chooses Solana to launch their memecoin, regardless of the pretext, is a huge indication of where Solana is now.”
But for an industry that has long been struggling to go to his reputation, Tom says, the immediate sugar high that has been created by the Trump launch is perhaps not worth the negative attention that the coin draws for any losses through Regular investors have been sustained.
“In the half decade that I have worked in this room, I am determined to try to eliminate the story from the standard setting: that there is a lot of gragging and nasty activity that takes place within Crypto,” says Tom. “I am very aware of that reputation.”
Two days after Trump started acting, First Lady Melania Trump launched its own memecoin. The critics expressed a similar chorus of worries with regard to alleged conflicts of interest.
The White House did not respond to a request for comments. A request that was delivered in an e -mail on the website for the Melania Memecoin remained unanswered.
The day of the Trump launch was a sensation, but now Tom felt emptied. “I had something like this: this doesn't feel as good as yesterday,” he says. “I haven't bought Melania at all.”
