Jonathan Oggiono, founder of Jupiter, stated that memecoins could be a gateway for new Web3 users and a way to understand the larger cryptocurrency ecosystem. In a June 10 thread, Oggiono emphasized that, unlike Web2’s user-generated content, Web3 focuses on user-generated money.
This year, Solana memecoins and others have gained significant attention, with some traders turning small investments into substantial profits. New tokens like Dogwifhat, Brett, and Dog.Go.To.The.Moon have quickly risen in market cap, challenging established names like Dogecoin and Shiba Inu.
Oggiono believes meme tokens can introduce users to broader Web3 concepts, including decentralized finance and real-world assets. This view aligns with Solana co-founder Raj Gokal’s remarks that meme projects can intuitively onboard users.
Memecoins offer a unique entry point into Web3, potentially driving mass adoption and deeper understanding of the crypto infrastructure.
