Potential drawbacks of Solana coin: A deep dive into the weaknesses of SOL

#SOL# #去中心化# With the rapid development of the crypto assets market, it has become particularly important to explore its potential risks in depth. Solana, as a highly regarded blockchain platform, presents multiple challenges in the analysis of crypto assets vulnerabilities, including issues of Solana network stability and the centralization risks of SOL coin. Furthermore, the scalability challenges of Solana and the defects in the SOL token economic model further place it under scrutiny. Understanding these issues not only helps investors make informed decisions but also provides important grounds for industry professionals to assess Solana's competitiveness in the future.

The stability issues of the Solana network have become the focus of weakness analysis in crypto assets in recent years. Since its launch in 2020, the Solana blockchain has experienced multiple network outages, which have severely affected its reliability reputation. The most recent network downtime event in September 2025 led to a disruption in transaction processing for up to 7 hours, causing serious impacts on applications and users relying on the network. These recurring stability issues highlight Solana's vulnerability when facing high transaction loads. Although the Solana team is continuously making technical improvements, the historical performance of the network suggests that there may be fundamental flaws in its architectural design. The ongoing network interruption issues not only undermine user trust but also pose a threat to the long-term development of the entire ecosystem.

The centralized risk of SOL coin is another significant challenge faced by the Solana ecosystem. As of November 2025, the token distribution of Solana shows obvious characteristics of centralization. Large holders (whale accounts) control a considerable proportion of the token supply, which contradicts the core idea of decentralization in blockchain.

This token allocation structure creates an environment of power concentration, where a small number of participants may exert disproportionate influence over the direction of network development and the token market. Moreover, the requirement for a large amount of SOL staking to operate validation nodes further reinforces the decision-making power of wealthy participants, posing a serious centralization threat to Solana's governance mechanism and deviating from the original decentralized intention of Crypto Assets.

Despite being known for its high transaction processing capacity, Solana still faces scalability challenges. Although the current network claims to handle 65,000 transactions per second, in practical use, Solana's performance often fails to reach theoretical peaks as network load increases. Especially during periods of network congestion, transaction delays significantly increase, costs rise, and user experience declines. The scalability challenges of Solana primarily manifest in the coordination issues between its Proof of History (PoH) mechanism and actual network conditions. As more complex DeFi and NFT applications are deployed on Solana, these scalability bottlenecks become increasingly evident. Particularly during peak network load periods, the hardware requirements for validating nodes significantly increase, which indirectly raises the threshold for participation in validation, further exacerbating centralization issues.

The defect in the SOL token economic model is another issue that cannot be ignored. As of November 2025, the circulating supply of Solana has reached 554 million coins, with a total supply of 614 million coins. The inflationary token economic model adopted by Solana means that new tokens are continuously issued, which produces a long-term dilution effect on token value. The current price of SOL tokens is $139.39, with a total market value of $77.2 billion, but inflationary pressures may limit long-term value growth. Although Solana plans to eventually reduce the inflation rate to 1.5%, high inflation rates may continue to affect investor confidence before that. Additionally, while the network transaction fee burn mechanism has somewhat offset inflationary pressures, the current burn rate has not been able to fully balance the number of newly issued tokens, thus raising concerns in the market about the long-term sustainability of the SOL economic model.

This article delves into the potential drawbacks of Solana, revealing its network stability issues, security vulnerabilities, centralization risks, scalability challenges, and the inflation problem of the SOL token. The article is aimed at investors and tech enthusiasts interested in the operation and risks of Crypto Assets, emphasizing Solana's shortcomings in network outages, token concentration, and performance bottlenecks. Through a detailed exploration of the aforementioned challenges and economic models, this article provides readers with an objective perspective to assess Solana's future performance and investment risks.