Solana Faces Major Criticism Over Fee Generation Model | Airdrop Alert Pro

according to defi In the past month, the report only accounts for 1.26% of Solana (sol) The wallet address has incurred 95% of its total expenses.

This concentration has attracted significant attention to the cost model of blockchain and its impact on decentralization.

Solana’s cost structure faces criticism

From defill,show Solana incurs $87.73 million in fees In February. As of March 7, it generated 8.21 million.

By comparison, Ethereum (ETH) generate As of March 7, the cost in February was 46.28 million, with 7.49 million. Suggest Solana leadMichael Nadeau, founder of the Defi report, claimed that the comparison could be misleading.

Although Nado admits Solana’s impressive growthhe warned that it may be less organic than it seems.

“But if you look at the hood, it looks like a house of cards,” he wrote.

According to Nadeau, 17.31% of addresses contributed 95% of the total expenses incurred by Ethereum in the past 30 days. For Solana, the number is very small, only 1.26%.

Nadeau added that Wintermute, a well-known marketing company, was the main driver of this charge. The remaining costs are Attributable to robots.

He claims the wallets are attacked by sandwiches and Sweep meme coins. This is usually at the expense of retail investors.

In the context, sandwich attacks are the leading strategy for attackers to exploit large deals. The attacker buys the asset before a large transaction, expects the price to rise, and then sells it, profiting from the price transfer, while negatively affecting the original trader.

Nadeau warned that relying on charges from a small number of users has created loopholes. If retailers realize how well robot-driven operates, they may exit the ecosystem. This, in turn, could greatly impact Solana’s revenue forecast.

“No objection to Solana. A massive comeback story. But my feelings tell me that another period of “chewing glass” has not yet arrived.

Solana’s speed and cost efficiency Among developers and traders, it became its favorite. However, this concentration of expenses has attracted attention among market analysts.

“When 95% of the fees come from 1.26% of its users, it’s “decentralized financing” and more “exclusive finance”, Superchargd co-founder Write On X.

Another user also warned that Solana may not thrive as the industry matures and free market forces take full effect.

“Solana has no future; it’s a Ponzi scheme designed to exercise.” explain.

Meanwhile, some question Sol’s inclusion President Trump’s U.S. crypto reserves.

“Solana is a complete house of cards built under Wash Trading Bot and centralized control,” the user Comment.

He also stressed that the validators who profit from failed transactions and The rise of Solana meme coins Damage to space.

Criticism comes after financial giants Franklin Templeton predicts in a report Solana’s Defi ecosystem can compete with Ethereum’s market valuation, or even surpass. The company highlights Solana’s scalability, low fees and soaring user activity, which are key factors driving its potential.

Amid increasing criticism, Solana faces a critical moment. Although its technological advancements and cost-effectiveness have won a loyal following, its concentrated charging model and reliance on market manipulation strategies may pose significant risks to its future. How Solana adapts to these issues will determine whether it can sustain its growth or strive to maintain relevance.