$SOL
The number of Solana network validators has decreased by 68% since the peak in 2023, from 2,560 to only 795 validators. This was accompanied by a drop in the Nakamoto coefficient from 31 to 20, reflecting a decline in the level of decentralization.
The main reason is attributed to rising operational costs (about $49,000 annually just for voting fees) and pressure from major validation platforms with 0% fees, which pushed smaller validators out.
In summary: the network is heading towards greater concentration in the hands of major players, with potential concerns about independence and security.
SOL
87.76
+1.82%