Solana is in decline, but investors keep eyeing new projects with huge potential to keep them afloat this season. Rollblock is rolling out a one-of-a-kind revenue share model, turning everyone's deepest dreams into reality: a casino that shares its profits with its investors!
Solana’s troubles continue as users encounter high fees and low transaction success rates on Jupiter Aggregator.
Meanwhile, Rollblock’s unique revenue share model is attracting attention, with analysts predicting a 100x growth for its token RBLK after exchange listing.
Solana’s struggles come as no surprise to anyone who’s attempted to use the network recently. Whether you’re trying to swap tokens or mint an NFT, be prepared to pay astronomical fees and experience a high chance of failure.
One user’s recent experience serves as a vivid example. They attempted to swap $1,000 worth of SOL tokens, but the transaction failed a whopping seven times. Each failure resulted in a deduction of 0.000005 SOL, leaving them frustrated and out $0.000035 SOL.
To add insult to injury, the transaction finally went through on the eighth attempt, but the network charged them a hefty fee of 0.009 SOL. So, out of the initial $1,000, they ended up losing $0.010035 SOL in fees alone.
As if that weren’t enough, a quick glance at Jupiter Aggregator’s Solana page reveals a dismal sight. At the time of writing, the transaction failure rate stood at an astonishing 83%, further highlighting the network’s current state of congestion.
These issues have sparked a wave of concern and criticism within the Solana community. Some are questioning the network’s true level of decentralization, while others have even raised suspicions of a potential Ponzi-like mechanism.
Indeed, a closer examination of Solana’s validator structure reveals some interesting dynamics. For instance, to join the network as a validator, you’ll need to put up a hefty stake of around 32,000 SOL tokens, currently valued at over $2 million.
Once you’re in, you’ll earn a portion of the transaction fees and rewards based on your stake size. However, the bulk of these earnings will likely go to the top validators, creating a disparity in收益.
Furthermore, a recent report by Footprint Analytics has shed light on an even more concentrated distribution of staked assets among a select few validators. According to the analysis, a mere 17 validators hold a combined 35.7% of Solana’s total staked assets, while the top 500 validators collectively account for 90.2%.
As Solana grapples with these challenges, the crypto world watches closely, speculating on whether this recent stumble is merely a temporary setback or a symptom of deeper, systemic issues within Solana’s architecture.
Only time will tell how these developments unfold and impact Solana’s trajectory in the ever-evolving landscape of blockchain technology.
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