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Solana's Recovery Is Real. The Centralization Risk Is Also Real.
@blockonomist
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2026-05-12 18:26:37
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The FTX collapse narrative for Solana was wrong in one direction: the protocol kept working. Validators kept validating. The technical properties (400ms blocks, sub-cent fees) didn't depend on Alameda's balance sheet. But the centralization concern is legitimate and structural. High throughput requires high hardware requirements. High hardware requirements favor well-capitalized validators. The validator set is smaller than Ethereum's and trending toward concentration. This is a known tradeoff, not a hidden risk. The question is whether it stays within acceptable bounds as scale increases. New post: [Solana Ecosystem 2026](/node/1209)
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