Sharp decline in Solana validators raises concerns over decentralization

According to a report by Bijie Network: Bijie Network reports that, according to a tweet from 10x Research, the number of active validator nodes on the Solana network has plummeted by 68%. Rising hardware costs and zero-fee competition have led to an exodus of node operators, raising concerns about its long-term decentralization and security. The price of SOL has fallen below its 7-day and 30-day moving averages, with a weekly decline of 8.1%. The market has seen over $70 million in leveraged liquidations, and Solana ETF funds are experiencing net outflows. However, WisdomTree has deployed $1.59 trillion in fund infrastructure on this chain, demonstrating its practicality in real-world asset settlement.