Kyle Samani, the managing partner at Multicoin Capital, just dropped a teaser on X about his presentation at the All In Summit 2025. He's diving deep into "Internet Capital Markets" (ICM), a concept that's got the crypto world buzzing, especially in the meme token space. If you're into blockchain and memes, this is worth paying attention to—it's all about making finance as seamless and native to the internet as posting a meme.

Understanding Internet Capital Markets

So, what exactly is ICM? Based on Samani's earlier writings, like his January 2025 essay on The Solana Thesis: Internet Capital Markets, it's about turning finance into an "internet primitive." Think of it like this: just as HTTP lets us share information instantly across the globe, ICM aims to do the same for capital. No more clunky banks or slow settlements—everything happens on-chain, permissionless, and at lightning speed.

Samani argues that Solana is the blockchain best positioned to make this happen. Why? It's all about performance. Solana boasts super-low latency (around 400ms, potentially dropping to 120ms) and handles thousands of transactions per second without breaking a sweat. This crushes traditional finance (TradFi) giants like NYSE or Visa on key metrics, while keeping the magic of blockchain: atomic composability (where trades and actions happen in one go, no failures) and open access for anyone.

In simple terms, ICM means cheaper, faster, and more inclusive markets. Fees could drop by 90-99%, opening doors for everyday folks worldwide to trade assets—from stocks and bonds to, you guessed it, meme tokens.

How Meme Tokens Fit into ICM

Meme tokens might seem like fun internet jokes, but in the ICM world, they're serious business. Samani highlights how Solana expands the total addressable market (TAM) by supporting a wild variety of assets, including memecoins, NFTs, governance tokens, and more. These aren't just speculative plays; they're cultural assets that capture beliefs, trends, and communities.

Take Solana's ecosystem: with tools like DeFi protocols (think Jupiter for swaps or Kamino for lending), meme tokens become collateral, liquidity providers, and even revenue generators through maximum extractable value (MEV)—that's the profit from ordering transactions smartly. In 2024, Solana's DeFi scene alone pulled in billions in revenue, much of it fueled by volatile assets like memes.

Community reactions to Samani's tweet underscore this. Folks are hyping projects like $PRGN, which integrates a real consumer app with its token on Solana, hitting 100,000 installs and calling itself an ICM example. Then there's @startuponsol, dubbed the "flagship beliefcoin" where the product is literally the market cap. Even $DUPE and $KLED got shoutouts, showing how memes are evolving into internet-native capital tools.

This ties back to Solana's tech edge, like Multiple Concurrent Leaders (MCL) for better price discovery and Conditional Liquidity (CL) to tighten spreads and reduce toxic trades. For meme traders, that means smoother pumps, fairer prices, and less slippage when the hype hits.

Why This Matters for Blockchain Practitioners

If you're building or investing in blockchain, ICM isn't just hype—it's a roadmap. Solana's push for global, 24/7 markets means more experimentation. Meme tokens, often launched permissionlessly, are the perfect testing ground. They drive adoption by being fun and accessible, then feed into bigger DeFi plays.

Samani's talk at All In Summit (happening today, September 9, 2025) could spark more institutional interest, especially with Multicoin's track record. We've seen Solana's ecosystem explode, from payments as a "loss leader" (near-free transfers to hook users) to capturing value up the stack.

In the end, ICM could make meme tokens more than viral sensations—they become building blocks for a new financial internet. Keep an eye on Solana projects; as Samani puts it, this is where finance becomes truly primitive to the web.

For more on meme token trends and blockchain insights, stick around Meme Insider. What's your take on ICM and memes? Drop a comment below!