Bots constantly extract and front-run users that have slippage.
Transactions fail if you don’t have enough slippage, and users still have to pay for the failures.
The blockchain has at least 12 major outages so far.
Companies that run RPC endpoints can front-run you.
Solana has been officially in beta 4.5 years so far.
To become a validator you need to be extremely wealthy.
Their TPS is marketed wrong, it’s not 3000 TPS, they include voting and failed transactions in this marketing to fool you, it’s actually about ~250 TPS.
Solana circulating supply increased by 59.09 million over the last year which means they printed $8.5 billion.
Recently there was a vote passed for validators (the rich) to get 100% of high priority transactions.
$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.
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: Dave on X
submitted by /u/cascading_disruption
[link] [comments]
