Project Safety Score: 76%
Updated 13 minutes agoSolana is a Layer 1 blockchain established in 2017 by Anatoly Yakovenko. It is designed to support decentralized applications by providing a fast, secure, and low-cost environment for transactions. The network utilizes a unique hybrid model that incorporates Proof of Stake and a mechanism known as Proof of History to timestamp transactions, allowing it to achieve high transaction throughput and low costs.
The native token, SOL, is used for transaction fees, network governance, and staking. Solana is governed by the Solana Foundation, based in Switzerland, and has attracted institutional investment from firms such as Andreessen Horowitz and Polychain Capital. It has also formed partnerships for applications like USDC settlement and public equity tokenization.
Cryptocurrency carries risk. Every project listed on this site, regardless of its score, operates in a volatile and largely unregulated market. Tokens can lose most or all of their value. A high score reflects lower structural risk based on the data we can measure. It does not mean a project is safe, that the price will hold, or that losses are unlikely. Always research independently and never commit money you cannot afford to lose.
Track record score 79 out of 100.
This score reflects a solid history for Solana, with 6.3 years of operation and a clear regulatory posture, as there are no actions against it. However, there has been one historical incident, along with some concerns raised in research, which contributes to a slightly lower score in this bucket. Overall, the track record indicates a predominately stable project with some areas for attention.
Economic design score 75 out of 100.
Solana has a competitive economic design, with 92% of its total supply currently circulating, which is a positive indicator for market liquidity. However, it lacks a hard supply cap, potentially leading to inflationary pressures over time. This aspect could be a concern for long-term value retention, thus influencing the score in this category.
Developer health score 85 out of 100.
The developer health score highlights a robust ecosystem, showcasing active engagement and a healthy number of developers contributing to the project. With over 11,000 GitHub stars, 3,516 forks, and a commendable commit cadence of 171 contributions in the last month, Solana enjoys strong support from its development community, indicating a vibrant and engaged environment.
Network security score 80 out of 100.
This score suggests a respectable level of security for Solana, supported by a significant market cap of approximately $49.3 billion and a chain age of 6.3 years. While there has been one historical incident, the overall network security remains strong, which is encouraging for potential investors looking for stability in their assets.
Social behavioral score 55 out of 100.
The social behavioral score indicates moderate visibility and engagement for Solana on social media platforms. Although the Twitter and Reddit accounts are verified, specific audience data is limited. The sentiment analysis shows a positive tilt with 76% favorable feedback, although concerns such as scam allegations and historical hacks have influenced the overall score negatively.
Adoption liquidity score 83 out of 100.
With a strong daily trading volume surpassing $2.67 billion and 63 centralized exchange listings, Solana demonstrates solid liquidity and adoption within the market. The presence of 40 listings categorized as trustworthy adds an extra layer of credibility. This performance positions Solana favorably in terms of market access and user engagement.
Investing in Solana carries inherent risks typical of cryptocurrencies, including volatility, potential regulatory scrutiny, and market competition. Despite the positive scores across multiple categories, the flagged concerns require careful consideration for those looking to invest in or utilize this asset.
-
0.9
A study identified 76,469 Rug Pull tokens on Solana, indicating a significant number of fraudulent projects on the platform.arXiv · source ↗
-
rug pull 2024-01-06 · $2000000MangoFarmSOL deactivated its social media accounts and website following reports of missing funds, leading to an estimated loss of nearly $2 million. ↗
-
CoinMarketCap · 2024-01-06
- ✓High transaction throughput with low fees
- ✓Active development community
- ✗Project has a history of hacks or exploits
- ✗No hard cap on total token supply
- ✗Public scam allegations have been raised
- ✗High number of Rug Pull tokens identified on the platform
Price Chart - Solana
Solana Exchanges
Top 20 by trust scoreTechnical Analysis
Buy / Sell signals
