The discussion around “why should we still have the original public chain coins” has recently gained new heat in the encrypted community. According to the media, the co-founder of Solana, Anatoly Yakovenko, publicly refuted the view that “only bitcoin has long-term value”, arguing that part of the network token itself represented a chain right that could be self-executed by the holder.

Yakovenko on the Internet.

Yakovenko stated on X that traditional stocks in essence provide legal rights, which may be restricted by external institutions. In contrast, infrastructure-type tokens do not rely on courts or contracts to deliver on the promise of proceeds, and the core is that network participants can directly operate the software and implement the chain rules accordingly.

According to him, such “network rights”, although not subject to mandatory legal safeguards, were not easily unilaterally deprived. As long as anyone can run the relevant software, the token holder can verify and use these rules in an open network.

The debate is still focused on value capture.

The background to this discussion is a long-standing view in the market: With the exception of bitcoin, many of the tokens are more of a technical platform's appurtenance and do not necessarily build up value on a continuous basis or produce a stable return like traditional assets.

It was mentioned that the CoinMarketCap data showed that the total market value of Solana ' s eco-related assets was approximately US$ 1957.1 billion, indicating the dynamism and coordination of the network, where market funds remained in detention. At the same time, however, the discrepancy between price performance and network activity, estimated at US$ 81.67, has also served as the basis for repeated references by challengers.

  • Solana Total market value of eco-related assets is about US$ 1957.1 billion
  • The price stated in SOL is about US$ 81.67
  • At the heart of the controversy is whether the use of the Internet can be translated into the value of the token.

Solana pushes for currency economic adjustment

According to external sources, Solana is also trying to respond to such challenges with more direct mechanisms. The current network is advancing new technical proposals, including SIMD-547, in the direction of, among other things, strengthening the mechanism for the destruction of basic fees to enhance the retention capacity of token values.

The aim of such adjustments, according to the report, is to further implement the narrative “public chain tokens with independent value” into quantifiable economic design. For Solana, the debate is not just at the conceptual level, but more crucial is whether these mechanisms can really improve the connection between SOL and network activities.