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Solana

avoid.net/solana→62/100·85% conf.
[VERIFIED]
anchored·2XRL5T…M9b6

Summary

Solana is a high-performance blockchain platform that has experienced significant technical instability, ecosystem fraud, and regulatory challenges since its 2020 launch. While positioned as an "Ethereum killer," the network has suffered from multiple outages, massive meme coin scams, and legal scrutiny regarding its centralization and potential securities classification.

Connected Entities

1 entities
Organizations
□Solana
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    Have evidence about Solana?

    Timeline(10 events)

    2020-03-16

    Solana mainnet launched

    Wikipedia

    2021-09-14

    17-hour network outage caused by transaction spam during Grape Protocol IDO

    Wikipedia

    2022-07-01

    Class action lawsuit filed against Solana Labs alleging unregistered securities sales

    Wikipedia

    2022-08-03

    9,231 Solana wallets hacked, $8 million stolen due to Slope Finance vulnerability

    Wikipedia

    2022-10-01

    6-hour network outage due to consensus bug in validator client

    Wikipedia

    2022-11-11

    SOL price dropped 40% following FTX bankruptcy announcement

    Wikipedia

    2023-06-06

    SEC sued Coinbase alleging SOL is an unregistered security

    Wikipedia

    2024-02-06

    Last major network outage lasting 5 hours

    Protos

    2025-01-01

    SOL reached all-time high of $294 following Trump memecoin launch

    Wikipedia

    2026-04-01

    Drift Protocol on Solana suffered $285 million hack

    PYMNTS
    Provenance & Audit Trail
    Anchored on SolanaVerify on-chain

    Decision Log

    This investigation is cryptographically anchored to the Solana blockchain and source URLs are archived via the Internet Archive.

    full audit log →version history →

    model: claude-sonnet-4-20250514

    generated: 4/28/2026, 9:13:07 PM

    last updated: 6/14/2026, 11:15:49 PM

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