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Solana

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r/CryptoCurrencySee Post

Solana's Jupiter Exchange Records $480 Million in 24-Hour Trading, Unveils Memecoin 'Wen' Amid JUP Token Anticipation.

r/CryptoMoonShotsSee Post

CONAN Biggest narrative based Memecoin on Solana | Could be the next $BONK

r/CryptoCurrenciesSee Post

Nocpex Capital lead analyst sets a 150 SOL floor price target for Tensorians (currently at 80 SOL)

r/SatoshiStreetBetsSee Post

$Giraffemeat on SOL is air dropping free tokens. Check out the telegram on how to claim.

r/CryptoMoonShotsSee Post

Welcome to WeedMe $THC New launch token built on the Binance Smart Chain (BSC) blockchain.

r/CryptoCurrencySee Post

One of 2024 crypto narrative isn't AI, but it is "airdrops"

r/CryptoMoonShotsSee Post

CONAN - The biggest narrative based meme coin on Solana for 2024

r/CryptoMoonShotsSee Post

The First ever Taxed, Deflationary & Reward system || $ SODL on Solana || 20% = $100,000 USD Burnt || 150 SOL distributed to Holder

r/CryptoCurrencySee Post

Exclusive ScPrime Founder Interview - Ken Bell [ Solana SOL Migration ] SCP & SPF

r/CryptoMoonShotsSee Post

CONAN - breakout happening on the biggest narrative based meme coin on Solana for 2024

r/CryptoMarketsSee Post

Weekly View on SOL/USDT

r/CryptoMoonShotsSee Post

CONAN - The biggest narrative based meme coin on Solana for 2024.

r/CryptoMoonShotsSee Post

Solawave | I found SOL with sick website | good play

r/CryptoMoonShotsSee Post

$HARAMBE on SOL looks like it could be a memecoin finally worthy of the name. It’s already doing numbers.

r/CryptoMoonShotsSee Post

Finally, a memecoin worthy of the greatest ape who ever lived? $HARAMBE on SOL is absolutely cooking!

r/CryptoMoonShotsSee Post

Finally, a memecoin worthy of the greatest ape who ever lived. $HARAMBE on SOL is absolutely cooking.

r/CryptoMoonShotsSee Post

$ONI has moved over from the ETH Blockchain to spread his reign. His demon army is ready to conquer other chains and to rule them all, starting from BSC!

r/CryptoMoonShotsSee Post

Solana's next up, FLOPPA. Reaching nearly 1k holders and $1.5M market cap in just 24 hours. Massive KOL's campaigns to be rolled out and more.

r/CryptoMoonShotsSee Post

$FLOPPA - Solana's next OG Meme Superstar. Reaching nearly 1k holders and $1.5M market cap in just 24 hours. Massive KOL's campaigns to be rolled out and more

r/CryptoMarketsSee Post

Thoughts on Polkadot?

r/CryptoCurrencySee Post

Thoughts on the correct price of SOL and MATIC?

r/CryptoMoonShotsSee Post

$PAINT on Solana - the next $WIF?

r/CryptoMoonShotsSee Post

Maximizing Passive Income: Earning $2000 Monthly through Staking, RWAs, and Nodes

r/CryptoMoonShotsSee Post

Rocket Inu on Solana, real Gem

r/CryptoCurrencySee Post

If I bought Bitcoin using the OG Bitcoin faucet..

r/CryptoCurrencySee Post

Why is Grayscale GDLC dumping 20%? "Digital Large Cap" - 67% BTC, 25% ETH, 3% SOL

r/CryptoMoonShotsSee Post

$SUPI - Suprised Pikachu Meme lives on

r/CryptoMoonShotsSee Post

$SCORP Pre-Sale is selling out Fast - $2.9 Million raised with 6700+ participant

r/CryptoMoonShotsSee Post

CACTUS on SOLANA [ $MYCAC ] - Whales seem to know something is going on. I've seen a bunch of them adding to the liquidity of MYCAC.

r/CryptoMoonShotsSee Post

$SUPI - Suprised Pikachu token on Solana

r/CryptoMoonShotsSee Post

[SCORP] Why SCORP is My Top Cryptocurrency Pick for 2024: Here Are the Reasons

r/CryptoMoonShotsSee Post

[$SCORP] How to Get Rich with Crypto in 2024 - Here's the Blueprint

r/CryptoMoonShotsSee Post

[$SCORP] How to Get Rich with Crypto in 2024 - Here's the Blueprint

r/CryptoMoonShotsSee Post

[$SCORP] How to Get Rich with Crypto in 2024 - Here's the Blueprint

r/CryptoMoonShotsSee Post

[$SCORP] How to Get Rich with Crypto in 2024 | Here's the Blueprint

r/CryptoMoonShotsSee Post

[$SCORP] How to Get Rich with Crypto in 2024 | Here's the Blueprint

r/CryptoMoonShotsSee Post

If you are still using Coinbase, read this

r/CryptoCurrencySee Post

Cardano got it's own simple swap dex - over to Eth, Binance , SOL, and more. Brought to you by one of the OG Projects built with utility in mind. The CardanoCrocsClub has been delivering and growing their development team since 2021. You can utilize their crosschain Stable coin USDC4 (USDC Pegged).

r/CryptoMoonShotsSee Post

$X From a meme to a full on utility ecosystem - The much-anticipated migration has been officially confirmed, locked in for next week! Will this milestone take $X beyond its previous ATH of 44M mcap?

r/CryptoMoonShotsSee Post

Staking vs RWA vs Nodes: Generating $2000/month with Low-risk Plays

r/CryptoMoonShotsSee Post

$X From a meme to a full on utility ecosystem - The long-anticipated migration has been officially confirmed, locked in and ready to unfold next week! Will this milestone take $X past its previous ATH of 44M mcap?

r/CryptoCurrenciesSee Post

If you are still using Coinbase, read this.

r/CryptoMarketsSee Post

Opinion on investment allocation

r/CryptoMoonShotsSee Post

Unleash the Strength of $DRAGO in 2024 – The Year of the Dragon! Best Potential of SOL ! Join Community !

r/CryptoMoonShotsSee Post

Bonk Cash | Safu and Audit| Renounce after launch | Inspired by Most Talked About Meme Coin | Presale is live | Get in early!

r/CryptoMarketsSee Post

Binance or Wallet?

r/CryptoMarketsSee Post

Solana Crypto 3 Reasons why January Holds Key Dont be FOMO Chaser

r/CryptoMoonShotsSee Post

NFS on solana

r/CryptoCurrencySee Post

ICOs, IDOs and IEOs worth discussing

r/CryptoMoonShotsSee Post

Gnorts Mr Alien - $GNORTS (SOLANA)

r/CryptoCurrencySee Post

Upcoming ICOs, IDOs and IEOs anyone?

r/CryptoCurrencySee Post

Asking for an Advice about BTC, ETH and Cold Wallets

r/CryptoCurrencySee Post

i’ve received 0.00000 SOL from “play👉flip_dot_gg👈”, should i change wallets ?

r/CryptoCurrencySee Post

SOL is doing the move that ETH once did and maybe SOL won't be considered altcoin anymore

r/CryptoCurrencySee Post

Anyone thinking of using Bonk bot on Solana just don't. It's scammy and there's nowhere to go for help.

r/CryptoMoonShotsSee Post

Welcome to $NFS on solana ! Neverfuckingselling

r/CryptoMoonShotsSee Post

$NFS presale live on solana! Neverfuckingselling

r/CryptoMoonShotsSee Post

$VONSPEED - The only cat that is also a zoo. The first tiktok narrative mover on SOL

r/CryptoCurrencySee Post

Where is the market heading? I’m buying the future!

r/CryptoCurrencySee Post

Algorand will be the biggest utility Layer 1 in crypto

r/CryptoMoonShotsSee Post

A unique Utility to SOL coming from the $MYCAC team. New Utility will generate revenue for marketing. A first in the SOL space.

r/CryptoCurrencySee Post

To purchase BTC or SOL?

r/CryptoCurrencySee Post

Recent Hacks: dYdX, Radiant Capital, Gamma Strategies; 6k Members in SOL Drainer Community

r/CryptoMarketsSee Post

The Rise of Whales: Why Did They Flip 95M SOL, MATIC Amid Challenging Market Conditions?

r/CryptoCurrencySee Post

The Rise of Whales: Why Did They Flip 95M SOL, MATIC Amid Challenging Market Conditions?

r/CryptoMoonShotsSee Post

$SUPI - from 50K last night to 350K ATH - 4 days since launch and its only the beginning - New GEM?

r/CryptoMarketsSee Post

PolkaDOT Crypto Major News Release Adoption simplified Better than Cardano ADA?

r/CryptoCurrencySee Post

Questions regarding staking.

r/CryptoMoonShotsSee Post

Revolutionizing Cryptocurrency: The Rise of SCOM Coin

r/CryptoCurrencySee Post

My dad wants to know how to get rich with a $500k crypto bet

r/CryptoCurrencySee Post

LINK forming an F&P?

r/CryptoCurrencySee Post

"FTX faces backlash after proposed estimation of customers’ Bitcoin at $16k, ETH at $1258, and SOL at $16. FTX debtors argue that its estimate reflects the "fair and reasonable" prices of these cryptocurrencies".

r/CryptoCurrencySee Post

Which CryptoCurrency would you get rid of in this portfolio?

r/CryptoCurrencySee Post

How do you REALLY think the market will react to the ETF approval?

r/CryptoMoonShotsSee Post

$SUPI is here to SUPRISE everyone! The next biggest memecoin on Solana

r/CryptoMoonShotsSee Post

JBONK - junior bonk - about to explode on Solana - based dev - LP burnt - mint renounced - trending about to start.

r/CryptoCurrencySee Post

Are my devices comprised?

r/CryptoMoonShotsSee Post

Title: Explore the Surprised Pikachu Meme Coin - SUPI/SOL: 7 Hours Old, $24K Market Cap, 20K Volume! Discover SUPI/SOL, a new meme coin with just 7 hours on the clock, currently at $24K market cap and a buzzing 20K in volume. Homegrown on our r/Solcoins subreddit :)

r/CryptoMoonShotsSee Post

$GMOGG / Pre-Sale Live Now!

r/CryptoMoonShotsSee Post

Baby analoS $BNBLOS | The hottest $SOL reflection token on BSC

r/SatoshiStreetBetsSee Post

Optimism $OP MEME

r/CryptoCurrencySee Post

As of December 2023, every user transaction on the Solana network incurs an average cost of $129, of which Solana holders collectively shoulder 99.99%. Math and sources inside.

r/SatoshiStreetBetsSee Post

Burrrd the new meme coin on solana that has a great potential

r/CryptoCurrencySee Post

SOL memecoin rug pulls - running the same scheme again (dogewifjupiter)

r/CryptoCurrencySee Post

Please help me decide my next investment.

r/CryptoCurrencySee Post

What Justifies Solana's Current Market Cap?

r/CryptoCurrencySee Post

Best and Worst Crypto Influencers?

r/CryptoCurrencySee Post

Got 0.00001 SOL. What's the scam?

r/CryptoCurrencySee Post

SBF and the SOL Pump

r/SatoshiStreetBetsSee Post

$STONKS of Solana | Low Cap Gem on $SOL Chain | 1 Week Old, Solid Floor and Community Forming | OG STONKS on SOLANA | 1000x Gem | 10k MC

r/CryptoMoonShotsSee Post

We Must Protect Elon At All Cost | Fastest Growing Solana Token | Presale on Dec. 28th

r/CryptoMoonShotsSee Post

Fastest Growing Solana Meme Coin $SEC | Presale on Dec. 28th | Next $BONK $MYRO $SAMO

r/CryptoCurrencySee Post

How to AVOID taking profits?

r/CryptoCurrencySee Post

Why I would never NOT invest in SOL

r/CryptoCurrencySee Post

This sub's most hated blockchain is now top #4 of the crypto marketcap

r/CryptoCurrencySee Post

Should have invested more

r/CryptoCurrencySee Post

Why I would never invest in SOL, but happy for the people who made their gains.

r/CryptoCurrencySee Post

Just wish I bought more XD XD

r/CryptoCurrencySee Post

Bull case for Kadena (Kda)

r/CryptoCurrencySee Post

DOT v SOL

Mentions

ETH is actually even bigger garbage than SOL.

Mentions:#ETH#SOL

Nah I used SOL network for the first time last week to buy Elizabeth Whoren (lol), and like half of my transaction requests failed. Never had a transaction fail on bitcoin. It was really frustrating for me like I was doing something wrong but it’s just the network.

Mentions:#SOL

Sure after a 40% run up in 12 days buy SOL🤡 buy high sell low 

Mentions:#SOL

He’s poking fun at all the people in here who were bashing SOL when it was cheap and as a result have missed out on 10-20x

Mentions:#SOL

Retik appears to be on SOL. Many of the recent memcoins that have blown up are on Solana.

Mentions:#SOL

That a DEX? Lemme check it out. Sounds like Jupiter is the consensus for all the SOL crap. I need to check on Pambo and Retik, but I'm almost sure Pambo is ETH. Retik might be listed on CEX assuming it's listed anywhere and not a scam...I think it's a SOL-esque ecosystem to itself.

SOL I have. I dumped some at the peak yesterday and waiting for a number to buy back in. I expect a pullback and consolation around $150 and that'd be a decent number to jump on board. But then, you never know with crypto.

Mentions:#SOL

Wallet or DEX? I'm don't think Pambo and Retik are on SOL but I'll verify.

Mentions:#DEX#SOL

I'm not in any of the new meme coins either But they all seem to be on SOL and Jupiter seems to be flavour of the month for that blockchain I've no SOL either :(

Mentions:#SOL

I mean, every alt is the same as EOS. Once it achieves its goal, what does it do after? absolutely NOTHING, no use case. So the reason alts like SOL or FET are around is because their goals are endless and updated. This is how to run an alt. Never reach the end goal, just keep climbing little shitty things and rake in the moola.

I started using Phantom wallet for SOL coins, not the greatest thing, but it works.

Mentions:#SOL

I don't believe either Pambo or Retik are on the SOL ecosystem, but I'll check Jupiter out. I'm a risk-averse cryptobro so I don't often chase these dog coins around...some are getting bizarre. Furry token?

Mentions:#SOL

I used Jupiter to swap with SOL. Can't stop, won't stop

Mentions:#SOL

I think Jupiter seems to be the current go to SOL hangout at the mo ?

Mentions:#SOL

its inevitable the benevolent VC's are pumping liquidity into SOL so everyone can eat and make profits. just like how Uber was incentivizing new drivers and inflating pay.

Mentions:#VC#SOL

I swapped SOL for it on Jupiter.

Mentions:#SOL

I’ve been telling everyone in this sub to buy SOL sub $30. I could retire your entire family, but thanks for the concern.

Mentions:#SOL

And now I’ll bet against your strategy and sell my ADA for SOL. Haha

Mentions:#ADA#SOL

Selling a little bit of SOL each day and buying a little bit of ADA with that money. I have almost given up on hoping for relevance for ADA, so this is more a bet against my own instincts, and THAT has proven to be a winning strategy for me in the past lol.

Mentions:#SOL#ADA

SOL has big people behind it who pay for marketing, shilling and pump and dumps...

Mentions:#SOL

What a time to be alive Been holding 3000 AVAX since October Congratulations to all the SOL and AVAX geniuses

Mentions:#AVAX#SOL

Guys SOL is shit. Get on Atom and get some HuaHua

Mentions:#SOL

#Solana Con-Arguments Below is a Solana con-argument written by Nostalg33k. > # Solana: A tale of broken trust and VCs > > Solana, an infamous name living as the shadow of it former self [Currently hovering at a price a bit higher than 10% of the ATH](https://coinmarketcap.com/currencies/solana/) which is a shame for any investor. In this small analysis we are going to discuss why Solana is a failure on multiple fronts. From Security, to stability. Let's delve into Solana. > > ​ > > # From outages to outrages > > Solana has been transformed into a laughingstock by the repeating outages the network has known. While it is claimed that [Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.](https://Solana.com) The Solana network has suffered [6 outages in the month of January](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) Stability has not been the strong suit of the network. This has sparked outrage against the network but ALSO against some exchanges because these outages are leading big dumps on the markets: [When speculator sell and lead to a 12 % dump](https://www.cnbc.com/2022/06/01/solana-suffered-its-second-outage-in-a-month-sending-price-plunging.html) the most dedicated investor are left holding their bags on the blockchain. > > Every discussion about Solana as an investment should discuss the possibility of outages and swings. > > # The Main Use case is Bullshit > > The main use case for Solana is to sell useless no common sense NFTs. While there are good use case for NFT technology, art and music nfts as they exist are just a passing fad and will need to evolve or disappear. Being a place linked mainly with this technology is very risky and shows a devotion to speculation and not to common sense use cases. > > ​ > > ​ > > # Security: Hacks, hacks, hacks and VCs > > The Solana ecosystem has known a lot of failures. The fact is that value is on the ETH side of the crypto ecosystem so bridges are required. When the Wormhole bridge saw a hack leading to 120000 ETH being minted out of the bridge leading to a loss which would be currently valued at 160 Millions. > > When this happened Jump Crypto, a subsidiary from Jump Capital, found 320 Millions to buy ETH and replace the missing funds. This allows us to understand two possibilities. > > 1) Jump Crypto did this from the kindness of their heart > > 2) Jump Crypto did this because they are heavily invested in Solana and control a large part of the SOL moving around. > > Now this may be speculation BUT recently Jump Crypto was said to be working to overhaul the open source SOL protocol for nodes. This leads to doubt about the legitimacy of the Solana Fundation and who controls the project. > > [https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/](https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/) > > [https://thedefiant.io/jump-crypto-solana-overhaul](https://thedefiant.io/jump-crypto-solana-overhaul) > > [https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/) > > ​ > > # Conclusion: A lacking use case, a profit motive from VCs and a past of lacking security and stability must lead you to high caution. > > VCs are here to make money and they must be holding bags of Solana. If you buy some SOL you are putting yourself into their games and are now dancing with them. While NFT is the future for so many reasons (intellectual property, administration and so much more) the current use case are laughable and security will be at the forefront of gouvernements or IP management companies sending patents through your blockchain. > > Being seen as an Eth killer, Solana is far from making the cut. I'd advise extreme caution. Please don't get burn't by this project. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Mentions:#ATH#ETH#SOL

#Solana Pro-Arguments Below is a Solana pro-argument written by a deleted user. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Mentions:#SOL

dont worry, look how these morons cope. We still got room to go. bozos are actually sitting here thinking SOL(foundation) was somehow involved.. we're going higher

Mentions:#SOL

#Solana Con-Arguments Below is a Solana con-argument written by a deleted user. > #CONs > > This is the Cons section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > There are many flaws with Solana's network and design. Retail investors should be cautious of investing in Solana until the upcoming **QUIC** and **Localized Fee Prioritizations** fix the ongoing outage and stability issues with the network. > > ##Way too many outages > > One of the biggest problems with Solana is that it has had way too many outages ever since its Mainnet launch. It's had at least [4 major outages, 3 partial outages](https://status.solana.com/uptime), and numerous congestions caused by DDoS attacks (some unintentional) in the 9 months between Sept 2021 and Jun 2022. That's way more than most of its competitors. These numerous outages have ruined its reputation in the crypto community. > > The network is very vulnerable to DoS attacks, which have brought down the network many times. In Sept 2021, a [DoS attack flooded the entire network](https://solana.com/news/9-14-network-outage-initial-overview) to the point it could not recover for almost a full day. In Jan 21-22, 2022, [bots brought down the network](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) with excessive duplicate transactions. A similar DDoS attack happened on Apr 30, when a [NFT minting bots took down the network](https://solana.com/news/04-30-22-solana-mainnet-beta-outage-report-mitigation) with 4M TPS of spam. > > During DDoS attacks, validators continue forwarding transactions to the leader. Since there is no mempool, the leader has to keep up with the traffic. If the leader can't keep up, the transaction drops and the user has to resubmit it. When congested and attacked by DDOS, the number of forks increases greatly, and leaders end up picking branches quickly and inaccurately, often extending empty blocks. This ends up reducing throughput of valid transactions and creating wasted forks. For example, during the Jan 21-22 attacks, the true throughput fell to 140 TPS. It's really easy for DDoS attacks to create a disruptive positive feedback loop that shuts down the whole network. > > ##Blockchain Design > > **Slower Finality** > > Due to the design of Proof of History consensus, Solana has probabilistic finality with a moderate chance of wasted forks. It takes [32 blocks before any transaction is final](https://docs.solana.com/proposals/block-confirmation). At 2.5s per block, this means 80 seconds. Users will see their transactions posted in 2.5s. If there's no congestions, they can probably wait 10s and assume it's probabilistically final. But if there's congestion, lots of skipped blocks, and people DDoS'ing the network, it's not deterministically final until they wait 80 seconds. This is much slower than many of their competitors, which have 2-10s deterministic finality. > > **Exaggerated/Useless TPS metrics** > > Solana's reported 50K TPS in ideal conditions is completely exaggerated. > > First, that number is based on a 400 ms slot time, but the current slot time is around 600-800 ms, which reduces the ideal TPS 25-50%. > > Solana also exaggerates their throughput by including non-useful transactions in their metrics. This includes vote transactions, which account for 70-90% of transactions. > > The count of valid TPS (excluding vote transactions and erroneous transactions) is much lower. About 80-85% of transactions are either vote transactions that are used for consensus or erroneous transactions. The true [non-vote TPS limit is much lower at around **400-600 TPS**](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night) when the network isn't congested. As of June 2022, on average only 15% of total counted transactions are working transactions. > > In addition, validators routinely skip blocks, encounter bad forks, or post empty blocks. Even when there's no congestion, validator's unweighed skip rate is [10-25% of blocks](https://solanabeach.io/validators). > > ##Opaque Ledger and Block Explorer > > Solana has several explorers, and all of them are very opaque. The official explorer doesn't allow you to browse blocks and transactions, and it's practical useless. Solana Beach is probalby the best explorer, but it too shows almost no data except for the address and transaction fee. It is very confusing trying to decipher these transactions. There's almost no information on the identity of validators. Both of the main explorers are very slow and often stall when querying details. > > Another part of Solana's obscurity is the 30% of the total supply of SOL that is non-circulating but staked. It's supposedly owned by the Solana Foundation. This has been discussed several times by developers on Discord, but no one seems to understand why it's there and how they're using it. It also doesn't help that Solana's main explorer and Solana Beach explorer won't load details about its non-circulating supply. > > **Unable to Audit Smart Contracts** > > Probably the worst issue on Solana (even worse than the outages) is that you can't audit smart contracts. When you use a smart contract on Solana, you are blindly trusting that it does what it says it'll do. There's not a single Solana Explorer that currently shows smart contract code. > > Developers can publish their source code on another website, but they can also redeploy their on-chain contract at the same address. So users don't have a reliable method of trusting source code published off-chain. > > ##Poor Tokenomics > > **Transaction fees are 99% subsidized by Staking Rewards, which feed back into SOL as supply inflation** > > Like many networks, the low transaction fees are not enough to pay for the cost of running the network. > > Solana is expected to make [$12M in transaction fees in this year going by the current 30-day average]( https://tokenterminal.com/terminal/projects/solana). Staking rewards is expected to [pay out around $1.4B in SOL in 2022](https://messari.io/asset/solana/profile/supply-schedule). That means 99.1% of validator rewards are being paid by staking rewards instead of the artificially-low transaction fees. And staking rewards inflate the supply of the SOL token. > > Total supply inflation for staking started out [at 8% and gradually declines by 15% annually until it reaches 1.5%](https://docs.solana.com/inflation/inflation_schedule). Note that this is an underestimate because these calculations are based on total supply, not circulating supply, which is 30% smaller. Messari currently lists [circulating supply inflation as 7.4%](https://messari.io/screener/supply-and-marketcap-EB1755C2). > > Solana is fully-vested as of Jan 2022, though there is a 30% gap between the recorded circulating and total supply because most of the [Foundation's staked SOL](https://explorer.solana.com/supply?filter=nonCirculating) is not included in circulating supply. (Their Explorer website barely has any supply details or charts, and doesn't even loading half of the time, so it's hard to investigate.) > > ##Other Points > > **Requires insecure bridges to other networks** > > Solana is a bit isolated from other blockchains. It requires insecure bridges to connect to other networks, which is also an issue for many other networks. Bridges often get exploited, like the [Feb 2022 $320M Solana Wormhole hack](https://www.cnbc.com/2022/02/02/320-million-stolen-from-wormhole-bridge-linking-solana-and-ethereum.html). Solana needs a safer cross-chain protocol if it wants to communicate safely with other networks. > > **High validator requirements** > > The minimum requirements for validators are 12-cores and 128GB of memory. 300 Mbit internet server is preferred. These are enterprise-server requirements, and they're expensive to maintain. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Mentions:#DDOS#SOL

#Solana Pro-Arguments Below is a Solana pro-argument written by a deleted user. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Mentions:#SOL

Glad I'm forced to hold SOL for tax reasons lol

Mentions:#SOL

Thank you for this post. SOL is shit. And Binance showing its color listing meme coins instead of actual good projects like ERGO

Mentions:#SOL

It is just another ETH worshiper trying to shit on SOL because he is mad

Mentions:#ETH#SOL

The cope on SOL and its fun little casino is immense in this sub and I'm all for it

Mentions:#SOL

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Mentions:#SOL

Yeah idk I ain't touching SOL.

Mentions:#SOL

I wanted to buy some SOL, but I rushed the decision and bought it in Exodus. But after some exploration I noticed there is almost 8% fee for selling it, but only around 1,5% for sending it to another wallet. So I am wondering if it would be more worth it to send it elswhere and sell it there. Is that a good idea, what wallet would you recommend?

Mentions:#SOL

That was for sure an insider NFT group doing that. Nobody on SOL Twitter even knew about it.

Mentions:#SOL

This is the dumbest fucking comment I’ve read in ages. You have absolutely no idea what you’re talking about, you’re basically vomiting bullshit out of your brain and onto the keyboard. EOS had no devs, and no ecosystem. That was the obvious red flag for anyone with an IQ over 70. What was the reason EOS would be used by anyone? There was none. That’s why it never caught on past the speculation phase. Meanwhile, Solana is the casino. Remember BNB last cycle? All the microcap shitcoins that all the degens aped into over and over and over? Hundreds of millions of dollars of trading volume everyday? Remember how BNB went parabolic because of this? That’s SOL. That’s what’s happening now, that’s what’s been happening for a year. Wake the fuck up. Or don’t, that’s your choice. But spreading lies that could influence others to stay away from a project that has outperformed the rest of the top 50 by a wide margin is something only a bottom feeder would do. Have you seen the trading volume on Solana vs Ethereum lately? Have you ever even used Solana? I doubt it, because if you did it would click right away. No wonder everyone new to crypto is flocking to SOL, the ecosystem is way more appealing that ETH or anything else. This is grade school level critical thinking. Yet you’re over here comparing SOL to a ghost chain that never got even one one millionth of the usage that Solana has. And Solana is growing in users and volume. This run is not over. People like you are still poor because you decide you’re always right, and you’re unable to change bias. On one hand, it disgusts me because I’d like to think people are better than this. On the other hand, you’re my exit liquidity so I truly love you for this stubborn refusal to admit someone else is smarter than you. Never change.

#Solana Con-Arguments Below is a Solana con-argument written by Nostalg33k. > # Solana: A tale of broken trust and VCs > > Solana, an infamous name living as the shadow of it former self [Currently hovering at a price a bit higher than 10% of the ATH](https://coinmarketcap.com/currencies/solana/) which is a shame for any investor. In this small analysis we are going to discuss why Solana is a failure on multiple fronts. From Security, to stability. Let's delve into Solana. > > ​ > > # From outages to outrages > > Solana has been transformed into a laughingstock by the repeating outages the network has known. While it is claimed that [Solana is all about speed, with 400 millisecond block times. And as hardware gets faster, so does the network.](https://Solana.com) The Solana network has suffered [6 outages in the month of January](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) Stability has not been the strong suit of the network. This has sparked outrage against the network but ALSO against some exchanges because these outages are leading big dumps on the markets: [When speculator sell and lead to a 12 % dump](https://www.cnbc.com/2022/06/01/solana-suffered-its-second-outage-in-a-month-sending-price-plunging.html) the most dedicated investor are left holding their bags on the blockchain. > > Every discussion about Solana as an investment should discuss the possibility of outages and swings. > > # The Main Use case is Bullshit > > The main use case for Solana is to sell useless no common sense NFTs. While there are good use case for NFT technology, art and music nfts as they exist are just a passing fad and will need to evolve or disappear. Being a place linked mainly with this technology is very risky and shows a devotion to speculation and not to common sense use cases. > > ​ > > ​ > > # Security: Hacks, hacks, hacks and VCs > > The Solana ecosystem has known a lot of failures. The fact is that value is on the ETH side of the crypto ecosystem so bridges are required. When the Wormhole bridge saw a hack leading to 120000 ETH being minted out of the bridge leading to a loss which would be currently valued at 160 Millions. > > When this happened Jump Crypto, a subsidiary from Jump Capital, found 320 Millions to buy ETH and replace the missing funds. This allows us to understand two possibilities. > > 1) Jump Crypto did this from the kindness of their heart > > 2) Jump Crypto did this because they are heavily invested in Solana and control a large part of the SOL moving around. > > Now this may be speculation BUT recently Jump Crypto was said to be working to overhaul the open source SOL protocol for nodes. This leads to doubt about the legitimacy of the Solana Fundation and who controls the project. > > [https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/](https://protos.com/jump-crypto-forced-to-save-solana-with-320m-bailout-of-its-own-company/) > > [https://thedefiant.io/jump-crypto-solana-overhaul](https://thedefiant.io/jump-crypto-solana-overhaul) > > [https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/](https://www.reuters.com/technology/crypto-network-wormhole-hit-with-possible-320-mln-hack-2022-02-03/) > > ​ > > # Conclusion: A lacking use case, a profit motive from VCs and a past of lacking security and stability must lead you to high caution. > > VCs are here to make money and they must be holding bags of Solana. If you buy some SOL you are putting yourself into their games and are now dancing with them. While NFT is the future for so many reasons (intellectual property, administration and so much more) the current use case are laughable and security will be at the forefront of gouvernements or IP management companies sending patents through your blockchain. > > Being seen as an Eth killer, Solana is far from making the cut. I'd advise extreme caution. Please don't get burn't by this project. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Mentions:#ATH#ETH#SOL

#Solana Pro-Arguments Below is a Solana pro-argument written by a deleted user. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Mentions:#SOL

I will not be satisfied until SOL flips smelly ETH

Mentions:#SOL#ETH

As long as the price op SOL keeps growing, i don’t mind.

Mentions:#SOL

Steps on how to buy $BLBY 1. Download Phantom/Solflare wallet. 2. Buy Solana from your favorite centralized exchange. 3. Send your solana to your Phantom/Solflare wallet. 4. After you received your SOL, press the globe icon in the bottom. 5. Paste this link in the search bar: [https://jup.ag/swap/SOL-BLBY\_8mVReRYNpp2Pf9ZFreBLHJkg1Uh2XmK5KkbQ9TFeGPap](https://jup.ag/swap/SOL-BLBY_8mVReRYNpp2Pf9ZFreBLHJkg1Uh2XmK5KkbQ9TFeGPap) 6. Enter the amount you want to buy  (leave a dollar for gas fee) and press swap to get your beloved $BLBY tokens

Mentions:#SOL

SOL is eating the whole market down😂

Mentions:#SOL

Guys let’s make a tokin it’s like .04 SOL

Mentions:#SOL

There you go bro: Steps on how to buy $BLBY 1. Download Phantom/Solflare wallet. 2. Buy Solana from your favorite centralized exchange. 3. Send your solana to your Phantom/Solflare wallet. 4. After you received your SOL, press the globe icon in the bottom. 5. Paste this link in the search bar: [https://jup.ag/swap/SOL-BLBY\_8mVReRYNpp2Pf9ZFreBLHJkg1Uh2XmK5KkbQ9TFeGPap](https://jup.ag/swap/SOL-BLBY_8mVReRYNpp2Pf9ZFreBLHJkg1Uh2XmK5KkbQ9TFeGPap) 6. Enter the amount you want to buy  (leave a dollar for gas fee) and press swap to get your beloved $BLBY tokens

Mentions:#SOL

Vola my friend here you go: Steps on how to buy $BLBY 1. Download Phantom/Solflare wallet. 2. Buy Solana from your favorite centralized exchange. 3. Send your solana to your Phantom/Solflare wallet. 4. After you received your SOL, press the globe icon in the bottom. 5. Paste this link in the search bar: [https://jup.ag/swap/SOL-BLBY\_8mVReRYNpp2Pf9ZFreBLHJkg1Uh2XmK5KkbQ9TFeGPap](https://jup.ag/swap/SOL-BLBY_8mVReRYNpp2Pf9ZFreBLHJkg1Uh2XmK5KkbQ9TFeGPap) 6. Enter the amount you want to buy  (leave a dollar for gas fee) and press swap to get your beloved $BLBY tokens

Mentions:#SOL

At this point I think SOL knows their Blockchain is trash and no serious company will build on it. Might as well create mass meme coin fomo and become the Casino of crypto.

Mentions:#SOL

comparing eth to cardano is hurting the crypto space too buddy - keep coping about SOL, turns out most people in this clown market don't really care about decentralisation, as long as it's permissionless; an important distinction to make

Mentions:#SOL

Most will try SOL and realize how much better it is than ETH and never go back

Mentions:#SOL#ETH

SOL: “look at me, I’m the captain now”

Mentions:#SOL

Just noticed SOL passed its ATH vs ETH today.

Mentions:#SOL#ATH#ETH

I remember when SOL was $14-17 and my brother was selling his kidney for capital. Told me to go in but all I heard was FUD. I hesitated when it pumped thinking it would come back. Although I still got in relatively early. One of us is sitting very nice making more on staking rewards than the average persons income and the other is making comments on Reddit.

Mentions:#SOL#FUD

SOL new all time high this week? Sure looks like it.

Mentions:#SOL

Upcoming Nuclear implosion of SOL sh\*tcoin is going to be EOS-seething

Mentions:#SOL#EOS

With the SOL meme mania it seems the best play is simply to buy and hold SOL. Beats gambling on junk.

Mentions:#SOL

The only alt is SOL thats pumping. Hmm :/

Mentions:#SOL

Holy shit SOL has no chill.

Mentions:#SOL

I'm not talking about its price. People made loads of money on EOS too, that is not the point. SOL is centralized by design and has not business calling itself a cryptocurrency. The fact that people keep comparing it to the likes of Ethereum and Cardano is hurting the whole crypto space.

Mentions:#EOS#SOL

Why you take it as a personal attack ? I'm just pointing that you have a hard time with facts, which it's true. there are less liquidity on sol, that's the only reason people are not using perp more. It has nothing to do with SOL crashing, which I just proved you with facts. Volume doubled since crash, and doubled prior recent 7 days run.

Mentions:#SOL

The meta for memecoins is getting absolutely regarded. Now random influencers pre sell them. As if this shit needs any significant development. People basically send SOL to an address praying they don't get rugged. Issue? One of these scammy launches has been done by someone who fukt up and burned the LP with 53K SOL in it. lmao get rekt noobs

Mentions:#SOL#LP

Holding for a minimum of 8 months. This is SOL cycle imo and it’s a unique asset. Too bad I wasn’t aware when it first launched!

Mentions:#SOL

Keep sol as a store of value and look into SOL alts. There are many that have lower market caps compared to similar ones on other chains that can do well.

Mentions:#SOL

This sub still hates Sol and obviously never uses any of the crypto they talk about. Sol just came back from the dead with everyone betting against it and is now more lively than ever. People saying SOL is next EOS is biggest copium I've seen in a while

Mentions:#SOL#EOS

SOL will eat ETHs lunch

Mentions:#SOL

It's worth considering, especially since SOL seems to be doing better lately. By the way, use Netcoins to do it. It's a good one!

Mentions:#SOL

Look people said this when SOL was $8 and celebrating, look at it now, it's okay to be wrong sometimes.

Mentions:#SOL

I mean... when your main tokenholder can't sell because they are currently stuck in bankruptcy proceedings, it's easy to pump.... until the bankruptcy court finally gives the order to sell, and $11b of SOL needs to hit the market....

Mentions:#SOL

Doesn't really matter though as SOL is clearly wiping the floor either everyone. It's cheap its fast it's fun it's easy to use, and money is flowing out of ETH and into SOL. It's inevitable! SOL to $1000!

Mentions:#SOL#ETH

No it's not a joke. It's just plain facts. The outage last Dec was the only major outage for Arbitrum for years. Meanwhile, Sol was down for 4hours as recently as Feb 2024. They are simply not on the same scale. Also, refer here: [https://defillama.com/derivatives/chains](https://defillama.com/derivatives/chains) Perp trading volume on Arbitrum is $3b, about the same as DEX trading volume on SOL. Perp trading volume on Sol is $700m. It's the same source of truth as the one in the article.

Mentions:#DEX#SOL

I hope at least some people realize that SOL is the new EOS.

Mentions:#SOL#EOS

I have same opinion. I changed almost all my coins into SOL and ADA. While I'm nearly 10× in SOL now, I still have more faith in ADA in long therm. So, I don't know, if it is good idea to sell SOL at 350-400$ (if) and buy more ADA when is cheap. I had same luck with byuing solana at 20$...

Mentions:#SOL#ADA

Is this a joke ? too often ? Like 4h in a year just like.. Arb ! who went down roughly the same time as SOL last year in december... Oh wait when it's L2 it's not down, it's like "unplanned maintenance". There's roughly the same volume of perp trade on solana on drift, jup, zeta. 180 m$ open interest on drift vs 250 m$ on GMX (on 3 chains..) right now for example. Solana haters having a hard time with facts as usual.

Mentions:#SOL#GMX

I don't expect us to break the resistance around 52-57k so I don't expect us to go below 35k which implies every dip you get now is meant to be bought. Recently picked up some L1s namely SOL, AVAX and SUI majorly because i am preparing for Hydro's IDO

Let’s not kid ourselves ANAL is the best SOL meme coin 

Mentions:#SOL

Sure. On a classic DEX, trades are settled when they are made. Nobody owes anybody anything. If the chain freezes, i might miss an oppurtunity to buy or sell, but that's it. On a perp DEX, let's say i short Solana at $200. I would be liquidated at $220. However, the FTX liquidators announce that they would be burning all of FTX's SOL because they hate me. There's a frenzy of SOL buying. The chain goes down. However SOL price continues to shoot up to $300. Once the chain unfreezes, there are going to be a lot of bad debts, because people like me couldn't be liquidated in a timely manner. It's the sort of thing that can bankrupt people.

Mentions:#DEX#FTX#SOL

While it's simple to feel like you're late to the party, I believe that SOL is still early compared to its possibilities. Remaining committed to good causes like SOL can pay off greatly in the long run.

Mentions:#SOL

SOL won’t have any Spot ETFs for years. It first needs a CME Futures product, which means CFTC needs to designate it as commodity.

Mentions:#SOL

Yeah SOL meme coins with hats are🚀

Mentions:#SOL

What about when SOL has an ETF too?

Mentions:#SOL#ETF

That’s where you are wrong, BTC is not about tech which is the biggest crypto coin out there, BTC is all about storage of value and it does it’s job pretty damn well. but 99% of the other coins;to think the future of blockchain is not tech related is down right wrong, blockchain technology is trying to innovate as fast as possible to meet the demands of mass adoption. If you think that crypto is all about memes then sure buddy keep buying SOL, but just goes to show who all is buying SOL 😂

Mentions:#BTC#SOL

You are joking right? There’s multiple chains tech wise than SOL rn, you can be oblivious all you want but 2min of research will show you at least one coin that is better than SOL as well as ETH, only thing is that ETH is at a size where it is too big to fail anytime soon if ever, and it has first to market advantage unlike SOL

Mentions:#SOL#ETH

I'm still a firm believer that BONK will outlast all these other SOL memecoins. It's the original Solana memecoin and is still relevant.

Mentions:#BONK#SOL

>According to the data provider, a breakdown of investment choices made by a memecoin trader in the space of three days revealed that they lost 54 SOL (valued at approximately $147,000). That is not correct math. Maybe later this season 54 Sol is worth 147k but not today

Mentions:#SOL

BTC is a whole different monster and shouldn’t be compared to chains like SOL or ETH as it serves a complete different purpose. As for ETH they were first to market so yes their tech was bad, but ETH at its current model is arguably better than SOL it scales better thanks to its L2s and it has a higher security and it is completely decentralized unlike SOL which is heavily VC funded.

Same thoughts and my average price is also thereabouts. Was hesitant to buy because of the FTX liquidation pressure but thought, fuck it, the market has decided that it wants SOL to go up.

Mentions:#FTX#SOL

I have SOL, bought into the hype at 90 dollars. Doesn’t mean I don’t think it’s a sh1tcoin, it has many issues, and to say it’ll overtake ETH is not realistic at all. Market cap is not even close to it, ETH has a better chance of overtaking BTC than SOL has of overtaking ETH, that’s how far away SOL is from such thing and it’s a very unrealistic expectation. The thing that is crazy to me is that, “we got meme coins” is the only argument SOL has when it comes to being compared to other solid L1s with better tech, that’s how you know there’s no future for SOL specially after seeing how bad it is at scaling up to high demands, if crypto really is the future then this isn’t even 2% of the traffic that a chain will experience and SOL is already showing weakness

Mentions:#SOL#ETH#BTC

Truth is there are plenty of people just like you. You’ll shit on SOL, you’ll shit on memecoins, and as the gains and hype surrounding memecoins continues you’ll get bitter. Slowly but surely, such people will capitulate and memecoins will pump even harder. SOL, the fourth-largest crypto by market cap, will continue to see success and you’ll get bitter. Slowly but surely, such people will capitulate, and the price of SOL will skyrocket. At some point during this process, perhaps SOL gets it’s shit together. What then? What happens when SOL is poised to flip ETH? How strong do you think this effect gets as the inevitable occurs? How much does SOL pump simply upon recognition of this fact? Necessity is the mother of invention. Tens of billions flooding into SOL incentivizes solving the scaling issue. Your judgment of the state of memecoins in crypto serves no purpose, and it hobbles your ability to trade with a clear head.

Mentions:#SOL#ETH

I thought I was so late to the SOL party after it pumped from below $10. Started buying after it'd done multiple X's already. But my $70 average buy isn't looking bad at all now. Don't dismiss good projects that have already pumped too easily, we're still early in this cycle, imo.

Mentions:#SOL

#Solana Con-Arguments Below is a Solana con-argument written by a deleted user. > #CONs > > This is the Cons section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > There are many flaws with Solana's network and design. Retail investors should be cautious of investing in Solana until the upcoming **QUIC** and **Localized Fee Prioritizations** fix the ongoing outage and stability issues with the network. > > ##Way too many outages > > One of the biggest problems with Solana is that it has had way too many outages ever since its Mainnet launch. It's had at least [4 major outages, 3 partial outages](https://status.solana.com/uptime), and numerous congestions caused by DDoS attacks (some unintentional) in the 9 months between Sept 2021 and Jun 2022. That's way more than most of its competitors. These numerous outages have ruined its reputation in the crypto community. > > The network is very vulnerable to DoS attacks, which have brought down the network many times. In Sept 2021, a [DoS attack flooded the entire network](https://solana.com/news/9-14-network-outage-initial-overview) to the point it could not recover for almost a full day. In Jan 21-22, 2022, [bots brought down the network](https://fortune.com/2022/01/25/solana-founder-anatoly-yakovenko-crypto-crash-blockchain-instability/) with excessive duplicate transactions. A similar DDoS attack happened on Apr 30, when a [NFT minting bots took down the network](https://solana.com/news/04-30-22-solana-mainnet-beta-outage-report-mitigation) with 4M TPS of spam. > > During DDoS attacks, validators continue forwarding transactions to the leader. Since there is no mempool, the leader has to keep up with the traffic. If the leader can't keep up, the transaction drops and the user has to resubmit it. When congested and attacked by DDOS, the number of forks increases greatly, and leaders end up picking branches quickly and inaccurately, often extending empty blocks. This ends up reducing throughput of valid transactions and creating wasted forks. For example, during the Jan 21-22 attacks, the true throughput fell to 140 TPS. It's really easy for DDoS attacks to create a disruptive positive feedback loop that shuts down the whole network. > > ##Blockchain Design > > **Slower Finality** > > Due to the design of Proof of History consensus, Solana has probabilistic finality with a moderate chance of wasted forks. It takes [32 blocks before any transaction is final](https://docs.solana.com/proposals/block-confirmation). At 2.5s per block, this means 80 seconds. Users will see their transactions posted in 2.5s. If there's no congestions, they can probably wait 10s and assume it's probabilistically final. But if there's congestion, lots of skipped blocks, and people DDoS'ing the network, it's not deterministically final until they wait 80 seconds. This is much slower than many of their competitors, which have 2-10s deterministic finality. > > **Exaggerated/Useless TPS metrics** > > Solana's reported 50K TPS in ideal conditions is completely exaggerated. > > First, that number is based on a 400 ms slot time, but the current slot time is around 600-800 ms, which reduces the ideal TPS 25-50%. > > Solana also exaggerates their throughput by including non-useful transactions in their metrics. This includes vote transactions, which account for 70-90% of transactions. > > The count of valid TPS (excluding vote transactions and erroneous transactions) is much lower. About 80-85% of transactions are either vote transactions that are used for consensus or erroneous transactions. The true [non-vote TPS limit is much lower at around **400-600 TPS**](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night) when the network isn't congested. As of June 2022, on average only 15% of total counted transactions are working transactions. > > In addition, validators routinely skip blocks, encounter bad forks, or post empty blocks. Even when there's no congestion, validator's unweighed skip rate is [10-25% of blocks](https://solanabeach.io/validators). > > ##Opaque Ledger and Block Explorer > > Solana has several explorers, and all of them are very opaque. The official explorer doesn't allow you to browse blocks and transactions, and it's practical useless. Solana Beach is probalby the best explorer, but it too shows almost no data except for the address and transaction fee. It is very confusing trying to decipher these transactions. There's almost no information on the identity of validators. Both of the main explorers are very slow and often stall when querying details. > > Another part of Solana's obscurity is the 30% of the total supply of SOL that is non-circulating but staked. It's supposedly owned by the Solana Foundation. This has been discussed several times by developers on Discord, but no one seems to understand why it's there and how they're using it. It also doesn't help that Solana's main explorer and Solana Beach explorer won't load details about its non-circulating supply. > > **Unable to Audit Smart Contracts** > > Probably the worst issue on Solana (even worse than the outages) is that you can't audit smart contracts. When you use a smart contract on Solana, you are blindly trusting that it does what it says it'll do. There's not a single Solana Explorer that currently shows smart contract code. > > Developers can publish their source code on another website, but they can also redeploy their on-chain contract at the same address. So users don't have a reliable method of trusting source code published off-chain. > > ##Poor Tokenomics > > **Transaction fees are 99% subsidized by Staking Rewards, which feed back into SOL as supply inflation** > > Like many networks, the low transaction fees are not enough to pay for the cost of running the network. > > Solana is expected to make [$12M in transaction fees in this year going by the current 30-day average]( https://tokenterminal.com/terminal/projects/solana). Staking rewards is expected to [pay out around $1.4B in SOL in 2022](https://messari.io/asset/solana/profile/supply-schedule). That means 99.1% of validator rewards are being paid by staking rewards instead of the artificially-low transaction fees. And staking rewards inflate the supply of the SOL token. > > Total supply inflation for staking started out [at 8% and gradually declines by 15% annually until it reaches 1.5%](https://docs.solana.com/inflation/inflation_schedule). Note that this is an underestimate because these calculations are based on total supply, not circulating supply, which is 30% smaller. Messari currently lists [circulating supply inflation as 7.4%](https://messari.io/screener/supply-and-marketcap-EB1755C2). > > Solana is fully-vested as of Jan 2022, though there is a 30% gap between the recorded circulating and total supply because most of the [Foundation's staked SOL](https://explorer.solana.com/supply?filter=nonCirculating) is not included in circulating supply. (Their Explorer website barely has any supply details or charts, and doesn't even loading half of the time, so it's hard to investigate.) > > ##Other Points > > **Requires insecure bridges to other networks** > > Solana is a bit isolated from other blockchains. It requires insecure bridges to connect to other networks, which is also an issue for many other networks. Bridges often get exploited, like the [Feb 2022 $320M Solana Wormhole hack](https://www.cnbc.com/2022/02/02/320-million-stolen-from-wormhole-bridge-linking-solana-and-ethereum.html). Solana needs a safer cross-chain protocol if it wants to communicate safely with other networks. > > **High validator requirements** > > The minimum requirements for validators are 12-cores and 128GB of memory. 300 Mbit internet server is preferred. These are enterprise-server requirements, and they're expensive to maintain. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Mentions:#DDOS#SOL

#Solana Pro-Arguments Below is a Solana pro-argument written by a deleted user. > #PROs > > This is the Pros section of [my analysis on Solana](https://np.reddit.com/r/MPlankton/comments/vk42tn/solana_research_june_2022/) > > ##Low Transaction Fees > > Solana has very low transaction fees at about $0.0002 / transaction. They could still increase the fee schedule by ~40x before exceeding penny in cost. That's mainly because the fees are subsidized by staking rewards paid to powerful validators, which then contribute to ongoing SOL token [inflation of ~7%](https://messari.io/screener/supply-and-marketcap-EB1755C2) as of 2022. > > ##Moderately-high TPS > > The true TPS limit of Solana over the past year after subtracting invalid transactions and vote transactions is [about 400-600](https://dashboard.chaincrunch.cc/public/dashboard/cc7a0d94-7f70-46f4-aae4-2f8810430931#theme=night). It's not anywhere close to their marketed throughput of 50K TPS, but it's still moderately-high for a smart contract network. > > ##Centralization is not as bad as the reputation > > Solana has a very bad reputation for being centralized as **SQL**ana. It's actually not that centralized. There are currently 1900 validators, and the Nakamoto Consensus for shutting down the Solana network (needs 33% staked) is [currently 33 validators](https://solanabeach.io/validators). > > On the other hand, there's almost no information about the identity of these validators, so it's still possible they're mostly centrally-owned by the foundation. We just don't know. > > ##Outage and stability issues likely to be resolved by 2 upcoming updates > > The days of making fun of Solana for their outages could be coming to an end. Solana is working on [2 major updates](https://decrypt.co/103106/solana-new-gas-fees) that are meant to mitigate outages and provide stability to the network. > > **QUIC** replaces UDP for Solana's IP and Transport layer protocols. [QUIC] (https://en.wikipedia.org/wiki/QUIC) provides flow control, allowing nodes to throttle incoming traffic when there's too much from both intentional and unintentional DoS attacks. > > **Localized Fee Prioritization** allows Solana to dynamically charge higher fees for specific high-demand transactions. When a dApp or NFT project is congesting the network, the fee will rise for that app without affecting the rest of the network. This is a really cool solution I'd love to see other networks copy. > > ##Lots of DeFi projects > > There are a ton of DeFi projects on Solana. It has 39 DeFi projects above $1M in TVL. [DeFiLlama shows Solana at $1.4B in TVL](https://defillama.com/chains), which puts it between Tron and Arbitrum at #6. ***** Would you like to learn more? Check out the [Cointest archive](/r/CointestOfficial/wiki/cointest_archive#wiki_Solana) to find submissions for other topics.

Mentions:#SOL

Hasn’t lost much unless he’s day trading. If he is still in all he has to do is remain patient until BTC, ETH and SOL climbs and his shit meme coins could explode

Mentions:#BTC#ETH#SOL

SOL really is a gift that keeps giving

Mentions:#SOL

Crazy thing about this is that, SOL experiencing technical issues won’t matter because all people care about is “mY M3mE Co1N”. People really think memes are the future of crypto it’s sad what it’s come to, so instead of SOL price dipping form showing that it can’t scale to a high demand it’ll instead x100 because memes LOL, and if it experiences it’s 20th outage it’ll probably x1000 by the end of the bull cycle

Mentions:#SOL

“According to the data provider, a breakdown of investment choices made by a memecoin trader in the space of three days revealed that they lost 54 SOL (valued at approximately $147,000).” And the writer lost some maths? I miss the spike where Solana went over $2700?

Mentions:#SOL

SOL, BTC, and AKT are 90% of my Portfolio…the other 10% is mostly cosmos network coins which have been very stagnant. thinking about unstaking them and throw that other 10% into something riskier with possible higher returns.

Mentions:#SOL#BTC#AKT

As someone holding fairly heavy bags in ETH and SOL... ETH needs to speed the fuck up and not use bridges. DEFI is complicated and weird enough without all that.

Mentions:#ETH#SOL#DEFI

lol SOL is this year’s winner

Mentions:#SOL

54 SOL valued at 147k?

Mentions:#SOL

Since when is 54 SOL $147k? What a garbage article.

Mentions:#SOL