Close Menu
    Cryptocurrency

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


    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

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

    Bytes Europe

    View 23 Comments

    23 Comments

    7. TabletopThirteen on

      All this is great but it doesn’t matter if the ones manipulating it all don’t sell and keep the price propped up. They’ve seen unprecedented growth this year and it continues on. A lot of these points are just filler and pretty weak tbh

    9. PENGUINSflyGOOD on

      source for the first 2 other than ‘twitter guy says so’?

      haven’t had a transaction fail in months.

    10. Somebody__Online on

      I don’t disagree with your claims but I think the “source” you added is hilarious.

      I mean there are actual sources for these claims but your source is just a X post with the same exact list of claims and no source.

    11. ShittingOutPosts on

      Unpopular opinion in this sub, but Cardano is such a more impressive chain. Other than its slower price action, I don’t understand its hate.

      Edit: please don’t think I’m trying to defend or shill ADA.

    13. Somebody__Online on

      For point 7, are you talking about the actual RPC infrastructure for running your own end point, or are you saying public end points can be front run?

      Public end points on EVM chains are not super usable for high frequency activities either.

    14. excubitor15379 on

      Thx dude, after all the reading u convinced me… I am buying more. The trick is to sell it before it dump.

    17. No_Balls_No_Glory on

      Unfortunately the highly subbed crypto youtubers would say other wise to shill their bags..

    19. 6M66 on

      I can’t verify what you say, but I know something for sure, eth won’t have future, it’s too slow and expensive, solana isn’t. It’s been years that I keep saying eth is for rich people, nobody wants to pay $100 gas fee to tranfer $100 dca.

      Once solana becomes more more stablished , there is no need for Eth and it’s L2 gang that are popping up everyday. L2 are so ridiculous to me. They are just temporary solutions and not avaliable everywhere.

      I can’t believe how some people want to fight with reality because of their emotions, just like we did with XRP, instead of thinking logically they fall for hopes and wishes.

    20. Pleasant_Ad5360 on

      Yeah but no one is here for the tech, this kind of post was good last year when it sit at $10

    21. 0010_0010_0000 on

      One more for you, sol is one of the few chains that have no checksum verification for the destination address when sending..

      Use Base58Check where humans are involved
      https://github.com/solana-labs/solana/issues/6970

      From the most recent discussion there, ‘StackOverflow is filled with people that truncated one character of a wallet address and send tokens to that address. Sadly with how base58 works, a truncated address can still be valid. Boo.’

      Seems like plenty of people do this on the sol sub too. They lose it all by being one char off.. This is why people think crypto is a scam..

    22. singlefin12222 on

      Also 73% of validators receive subsidies from foundation. Presumably its actually more undisclosed (they require people to run node when they invest).

      I know multiple people that have received multiple subsidies running multiple validators