Gorbagana (@Gorbagana_chain), known as the "garbage chain" that was forked from Solana in just one day, is attracting attention.
The origin of this was on June 20, during a debate on X between crypto lawyer Gabriel Shapiro (@lex_node) and Solana co-founder Toly (@aeyakovenko). In response to the ironic question, "Is it really decentralized when the foundation holds the trademark?" a post suggested, "Then let's copy Solana entirely and create a 'garbage chain.'" Just 24 hours later, volunteers copied Solana's code and actually launched the chain.
■ Why is it gaining attention now?
- SVM compatibility allows Solana's dApps to run as is.
- Zero VC and foundation involvement, no token locks.
- The testnet exceeded 14 million transactions in just 4 days, showcasing its momentum.
- Multiple dApps have started operating (e.g., MemSwap).
This "extremely open and flat design philosophy" is drawing interest.
■ Token Structure
- Currently circulating is the $GOR on Solana.
- Upon mainnet launch, it is expected to bridge 1:1 to the native fee token $gGOR.
- Fully circulated, no locks, No VC.
■ About NFTs
- An NFT collection called "Dumpster Divers" is also being launched, with utilities for holders including network rewards, fee rebates, and governance voting.
- It aims to build a culture and ecosystem, not just be a simple L1.
NFT:
Additionally, according to Messari, Gorbagana currently occupies over 7% of Solana's mindshare and is ranked second after $SOL over the past week.
When you think about it calmly, one might wonder what the purpose of developing this chain is. However, if it can actually operate, the current price of $17 million seems undervalued, so I will keep an eye on this Degen-focused chain 🌝.
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