Crypto Investors: See SOLANA Beneath the Hood. Bad Tech & Bad Investment

March 18, 2024 1 min read

Take a look under Solana’s hood. See how its blockchain operates under the current stress.

Solana is great for gambling, partying, and other short-term endeavors. But if you run a project or hold long-range investment aspirations, Solana’s day-to-day performance should matter to you.

screen cap 2: This was Solana’s best txn batch while writing post

See for yourself

If this were Ethereum, the outrage would be public, and loud. Congestion and delays mount. This chain redlines daily.

If you have doubts as to the authenticity of these screen caps, I invite you to see for yourself at solanabeach.io/transactions

Solana Foundation’s Bad Bet

Solana aimed to scoop Ethereum users and capitalize on the Merge’s ship delay and high fees. Its not working.

Solana:

Has gone down 11 times in 2 years Sol coin has 21% annualized inflation Inflated 70% since January 2021 (269.1M to 445M) Smart contracts are closed source (no access to contract code like Etherscan) DeFi is also closed source (so its actually CeFi) Despite high txn numbers, Solana earns a fraction of Ethereum’s revenue (2023: ETH~$2B vs SOL~$11M)