Solana is a blockchain which enables the creation of decentralized applications.
Risk score
C
Avg Volume
$1,144,227,209.83
Risk Type
Sub-risk Score
There is a high tokenomics risk since the percentage of tokens not in circulation is above 20%
There is a below average concentration of tokens in just one wallet, usually between 1% and 3%
Average yearly volume is above 1 billion meaning you won't have problems trading, it is a high liquid market
Liquidity Risk
3
Blockchain Layer 1 technology does not fall into any current legislation
Blockchain Layer 1 technology and activity does not require special licenses
Legal Risk
1
Beta is negative, meaning that the average token price moves in the opposite direction of the market
Value at Risk is below 5%, meaning that in a worst case scenario 5% of your investment is at risk in one day
Volatility Risk
4
It is backed by world class investors and funds, such as To Kenz Capital, Multicoin Capital and Genesis One yet, one of the investors is Alameda Research which is involved in Fraud allegations and banckruptcy
There is a public team behind the project, led by Anatoly Yakovenko with 175 people, yet The chain is highly unreliable as there have been several network halts
Governance Risk
3
The project has been active for a reasonable time, between 2 to 3 years
TVL is high, between 1bn and 100M per day
L1 have never been hacked since the underlying technology (blockchain) has also never been hacked.
There are at least 3 audits from reputable sources
Security Risk
2
This project has an engagement index between 1.5% and 1.1% on Twitter (this is a below average index, meaning that the content could be considered not valuable)
This project has over 30000 followers on Twitter
Social Risk
2
All values are updated on a dailly basis.
Learn more about what it means each risk score here!
