Solana's Validator Count Drops 20%, Not 84% as Rumored
- Validator Count Controversy: A viral social media post claimed an 84% drop in Solana validators raised centralization concerns, but founder Yakovenko clarified that the actual decline was around 20%, primarily due to the end of the Solana Foundation's Delegation Program.
- Distinction Between Nodes: Yakovenko emphasized the difference between validators and full nodes, stating that Solana operates approximately 5,000 full nodes compared to Ethereum's 8,300, despite Ethereum's market cap being four times larger, showcasing Solana's relative network scale.
- Operational Cost Issues: Despite Yakovenko's clarifications, critics continued to question Solana's decentralization, with one social media user claiming operating costs of $20 million per validator, a figure that remains unverified, highlighting the economic barriers to participation.
- Hardware and Cost Challenges: Industry reports indicate that running a self-hosted Solana full node requires hardware investments ranging from hundreds to thousands of dollars, with voting costs potentially pushing annual expenses into the tens of thousands, limiting participation from smaller validators, although some startups are developing solutions to lower these barriers.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for SOL
Technical Sentiment Analysis for Solana (SOL) As of , Solana (SOL) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 1 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOL stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOL is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Solana (SOL) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 15.727 | 41.614 | 67.077 | 92.964 | 118.427 | 144.314 | 169.777 |
| Fibonacci | 41.614 | 61.229 | 73.348 | 92.964 | 112.579 | 124.698 | 144.314 |
About SOL
About the author
