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CRV 
SOL Michael Egorov (@newmichwill), founder of Curve Finance, recently pointed his finger at the two most representative products in the Solana ecosystem, calling PumpFun, the memin launch platform, a "fraud casino" and bluntly stating that the user experience of Phantom Wallet is disappointing.
PumpFun becomes the target of criticism
Egorov's criticism of PumpFun reflects widespread industry concerns about the quality of applications emerging in the Solana ecosystem. PumpFun has become a key player in the Solana ecosystem, helping users quickly create and launch meme tokens. However, the platform has a mixed record in terms of user revenue. The huge issuance volume did not translate into a high success rate. A large number of projects ended in failure or were ignored. In the end, only a very small number of tokens could enter the higher-quality secondary liquidity market.
Egorov's comments came as the memein craze swept the market, attracting retail investors seeking quick returns. However, platforms like PumpFun make token creation too easy and have spawned a large number of "carpet pulling" scams and fraud.
The user experience gap between Phantom and MetaMask
Egorov also pointed out that he encountered difficulties connecting Phantom, Solana's most popular wallet, to a hardware wallet. Although the connection was eventually successful, he said the experience was far less smooth than the Ethereum wallet MetaMask. The criticism once again highlights the user experience barriers of Solana tools that may hinder their wider adoption.
Despite his sharp words, Egorov did not completely deny Solana. While recognizing the Solana Foundation's efforts to support developers and projects, he pointed out that the representative products in the ecosystem are not sufficiently attractive. These remarks show that his dissatisfaction is mainly directed at specific applications, not the underlying network itself.
Egorov is one of the most outspoken figures in the DeFi field. Curve Finance, as a leading stablecoin exchange agreement, has a founder with a background in advanced mathematics and physics behind its success. His willingness to publicly criticize competitive ecosystems and products has always given him an important voice in the discussion of decentralized finance.
