The original post: /r/cryptocurrency by /u/cascading_disruption on 2024-10-04 17:31:05.
- 75.72% of all transactions through Jupiter are failing.
- 48.71% of all transactions through Raydium are failing.
- Transactions will fail for a variety of reasons not just slippage issues.
- Voting consensus transactions & failed transactions massively bloat the blockchain size, currently ~265 TB & growing fast.
- Again, TPS includes voting consensus and failed transactions, failed transactions on most other blockchains are strictly validated before even hitting the blockchain.
- 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.
- RPC endpoint architecture allows operators to reorder transactions and front-run.
- $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).
- 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.
- 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…
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