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Posted: 2025-05-02 11:02:33 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-05-02 11:02:57 UTC
Verified By
Rollup News
This content presents critical facts about the Solana ($SOL) chain, highlighting its operational losses, lack of transparency, systemic failures, and centralization issues. It also points out concerns regarding faked transaction per second (TPS) and total value locked (TVL), as well as unfair practices in pump and dump schemes.
Solana operates at a loss every month.
The Solana Foundation refuses to disclose SOL holdings.
The team misled investors about the circulating supply.
Over 50% of validators would collapse without direct subsidies from Solana.
There have been 10 systemic failures since 2021.
A critical bug was allegedly patched too quickly for a decentralized network.
A significant portion of validators are run by a small number of data centers.
Solana fakes TPS by including consensus messages.
Billions of dollars of TVL were faked in 2022.
Pump and dump schemes systematically exploit users.
Operational losses and financial instability.
Lack of transparency regarding SOL holdings.
Misleading information provided to investors.
Over-reliance on subsidies for validator viability.
Centralization of validators in a few data centers.
Concerns about the integrity of TPS and TVL figures.
Exploitation of users through pump and dump schemes.