New Report Reveals Over 1,900 Block Producing Nodes in Solana Ecosystem

Solana has released its first “Validator Health Report” revealing information about its network operators. According to the report, the network has over 1,900 block-producing nodes, of which about 1,688 (88.14%) are operated by independent entities.

Solana says the health and strength of its validators are critical to the long-term health of the ecosystem. Previously, networks faced backlash against both lack of decentralization and expensive validation hardware.

However, this new report highlights 3,400 validators across six different continents.

Additionally, the report shows how activity on the network has increased over the last year. On average, last year he has 95 new consensus nodes and 99 RPC nodes joining the network every month since June.

Source: Solana

It also highlighted that Solana’s Nakimoto coefficient, also known as the amount of validator collusion required to censor the network, is 31 and increasing. showed that Solana has the highest Nakimoto Coefficient compared to other networks in .

That said, this report came out shortly after last week’s hack. About $5.2 million of Solana (SOL) was hacked from his 8,000 wallets including Phantom, Slope and Trust.

The news shook the industry and prompted users to abandon hot wallets in favor of cold storage wallets for added security.

Related: Is your SOL safe? What We Know About the Solana Hack | Market Report

A hacking investigation is currently underway. Some experts point to the Slope wallet as the cause of the breach. Slope is his Web3 provider of hot wallets for the Solana Layer 1 (L1) blockchain. According to the report, the compromised wallet was “created, imported or used” in Slope’s mobile application at some point.

Before the wallet was hacked, experts estimated the price of SOL would rise by 40% despite the bear market. Shortly after news of the hack broke, the price of the cryptocurrency dropped nearly 8% before rebounding to $40 per coin.

At the time of writing, SOL is hovering around US$44 per coin.