$BTC

Solana (SOL) is the native token of the high-performance public chain Solana, emphasizing technical advantages of high throughput and low transaction fees. It once surged into the top ten of cryptocurrency market capitalization due to the explosion of DeFi and NFT ecosystems, but frequent network outages became a core trigger for retail investors' losses.

Solana's consensus mechanism imposes very high hardware and network requirements on network nodes, making it prone to complete network paralysis during peak transaction periods. According to publicly available data, from 2021 to 2023, the Solana chain experienced dozens of outage incidents due to issues like traffic overload and node failures, with the longest single outage lasting over 7 hours. During outages, users are unable to perform key operations such as closing positions, transferring funds, or canceling orders, and can only passively endure market volatility risks.

A typical case occurred in the early 2022 bear market when Solana was paralyzed due to network congestion caused by a popular NFT minting. At this time, the market suddenly plummeted, leading to a halving of the price of SOL and on-chain tokens held by numerous retail investors, but due to the outages, they were unable to stop losses in time and were ultimately forced into deep losses. Additionally, the Solana ecosystem has been exposed to multiple incidents of project contract vulnerabilities and theft from liquidity pools, with some project teams taking advantage of the chaos during network outages to run away with funds, further exacerbating user asset losses.

Unlike actively harvesting retail investors like some air coins, the losses from SOL stem from technical architecture flaws and ecological management loopholes, but the damage caused to retail investors is equally severe, raising market awareness of the technical stability risks behind 'high performance'.