Solana is deceptively designed to falsely inflate usage, alleges crypto researcher
10/04 09:57
According to Beincrypto, founder and CIO of CyberCapital Justin Bons made some stark remarks on the Solana network and its native cryptocurrency (SOL) in a lengthy Twitter post published on Oct. 3. The entire Twitter thread harshly criticized Solana and its operations, referring to “frequent downtime, failures, hacks & scandals.” Regarding SOL’s total value locked (TVL) and circulating supply, Bons had a lot to say. The researcher said “that the majority of SOL TVL was fake” when “two devs pretended to be 10+ devs & counting the same TVL over & over,” which “accounted for 70% of SOL’s $10B TVL at its peak.”
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