By the numbers, Solana is one of crypto's worst projects.

SOL supply inflated 68% in three years.

SOL SUPPLY

Jan 2021: 261.9 Million

Feb 2024: 441.8 Million

180 Million New Sol spanning a 37-month timeframe.

https://preview.redd.it/i9gq0y7xprjc1.png?622&format=png&auto=webp&s=e3a13c1e6e433d1ce5cb33609ee46147a77bd99b

Messari captures period in question

Solana's posted inflation schedule is adrift from reality. The asterisk symbol is its only truthful piece of information. So let's follow it and see where it leads.

These figures are misleading

EPOCH YEAR

From Solana Official Docs: Solana's annual inflation is currently 5.515%. Note that this is an 'epoch-year', or ~ 180 epochs.

Okay now WTF is an epoch-year? An easier explanation than this.

https://preview.redd.it/5asgukmlqrjc1.png?680&format=png&auto=webp&s=781febdca51ad3caeb5972dd872e62af902f7129

MEANWHILE ON PLANET SOL

On Planet Sol, a year spans 180 epochs. 1 epoch = 2.5+ days. Epoch years range 450 to 630 Earth days. See for yourself.

Actual inflation rate will vary

But hold on. "Non-stakers pay stakers?" What's that about? Merits a closer look.

NON-STAKERS PAY STAKERS

New SOL issue pays Validators. Solana rewards remaining new issue to Stakers.

Problem: New SOL inflates currency and fee burn's insufficient.

Solution: Reward shields Stakers from inflation. Non-Stakers get no reward. Non-Stakers pay for inflation. They become the yield for Solana stakers.

Non-Stakers Pay Stakers.

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DYNAMIC TOTAL SUPPLY

For those who asked, No, Solana DOES NOT have a fixed supply. Its MAX supply is like a moving island that flows upstream.

By 2032, Solana expects to circulate around 775 Million SOL

https://preview.redd.it/ka8ru3m5ltjc1.png?1024&format=png&auto=webp&s=5b4fbfb738ec3255d8a13009fc7446a8aae3415b

775 Million SOL in circulation by 2032

Solana's definitely a performer. Smart investors can earn so long as they're mindful of its tokenomics issues.

Over the last 12-months, 1000% ROI.????

SOL to $1000;CAP to $441 Billion

• $45 Billion market cap must climb to $441 Billion to reach $1000 p/c
• To achieve that, it must capture greater share of DeFi & NFT market
• To have a chance at those markets, Solana can't tip over. Like never again.
• Solana must raise its fees

Solana's current fee structure guarantees it can never compete with Ethereum.

Solana isn't collecting enough in fees

CLOSED-SOURCE CENTRALIZATION

Etherscan is an open book for crypto projects. Right down to the source-code.

Go on Solscan and good look finding any open-source code.

High node count and active devs are canceled out by Solana's closed-source smart contracts for:

• DeFi
• NFTs

One person can change the code at any time without notice. This is the same as CeFi or proprietary apps; not crypto or open-source.

One of Solana's own Dev's called them on it.

https://preview.redd.it/uhb5fasv62kc1.png?645&format=png&auto=webp&s=eda2e616f14118b020c9fe3c3d29c284909ba5e5