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10 things they don't want people to know or post about about Solana (part deux)

All Cryptocurrencies

by COINS NEWS 4 Views

  1. 75.72% of all transactions through Jupiter are failing.

  2. 48.71% of all transactions through Raydium are failing.

  3. Transactions will fail for a variety of reasons not just slippage issues.

  4. Voting consensus transactions & failed transactions massively bloat the blockchain size, currently ~265 TB & growing fast.

  5. Again, TPS includes voting consensus and failed transactions, failed transactions on most other blockchains are strictly validated before even hitting the blockchain.

  6. Firedancer is live on mainnet, but in 'non-voting mode' which means it cannot produce blocks and is only doing about ~30% of what a validator does.

  7. RPC endpoint architecture allows operators to reorder transactions and front-run.

  8. $7.5 billion SOL, is continued to be sold-off by FTX, a major unlock occurs in March 2025, and continued unlocks every month up till 2028. (Repeated due to importance).

  9. 5 million daily active users is a myth, 4.5 million of these hold 0 SOL, and much more hold < 1, they are created with an intention to inflate metrics, notice the large uptick in August, also 1 user(bot) could technically have 4 million wallets.

  10. The Top 18 validators control +33% of the entire staked Solana supply, meaning they can collaboratively block consensus and censor transactions.

TL;DR: I added a comedy flair for "comedy" purposes because if someone told you that this is one of the major crypto networks you'd indeed think that crypto is a scam...

SOURCE

submitted by /u/cascading_disruption
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