Solana's accusation audit:
- Single client
- Metaplex controls 99.9% of NFTs
- Alameda is 10% of locked stake
- Lack of light clients
- Closed-source culture
- Upgradable contracts
- Doesn't have Web2/2.5 mindshare (e.g. Coinbase)
- Unsustainably low fees
- TVL is abysmal
- EVM has the majority of crypto mindshare
- Users got burned on low float/peak bull tokens
- Solana's unique DeFi use cases (CLOBs) require professional MMs, but trust has been hurt by historical outages and FTX implosion
- Solana's multithreaded runtime = developer complexity
- Compressed NFTs are only needed because of Solana's complicated accounts/program model
3/ The teal part is validator messages/votes and typically makes up 90-95%
Crazy, right? 🤯
So when #Solana mentions they are doing 4K TPS just know less than 10% are ACTUAL transactions on the network
Transaction meaning doing a swap, sending/receiving, minting, etc 👇
honestly thank you @coinbase for the new chain Base
i can’t wait to ape into
BasePunk
BaseDoge
BaseOhm
BaseApes
BaseShiba
BaseGMX
Base LSDs
Base P2E
Base GambleFi
BaseYoots
Base Name Service (BNS)
BaseSwap
LFG Innovation at its peak 🚀🚀🚀🚀