Solana's Validator Numbers Plummet by 68% Amid Rising Costs
The number of Solana validators has decreased by 68% this year, driven by increasing expenses and fierce no-fee competition forcing smaller operators out.
In a significant shift, Solana has witnessed a steep decline in its validator count, which has plummeted by 68% since the beginning of 2023. This downturn can be attributed to escalating operational costs along with intense competition from zero-fee services, which have impacted smaller node operators adversely.