/ Conviction Index / Solana (SOL)

Solana (SOL)

L1 Blockchain · SOL · Launched Mar 2020
A-

Excellent (A-) — Conviction Grade

Solana is the leading high-throughput L1, designed for consumer-scale applications. Strong recovery from FTX-associated reputation damage (2022). Active spot-ETF applications filed; ETF approval expected 2026. Strong consumer + DeFi + memecoin activity. Network outage history (multiple incidents 2022-2023) has stabilized.

89
Composite / 100
/ Subscore Breakdown · 5 Dimensions

Where this grade comes from.

Protocol Security
B+
Governance Decentralization
B+
Liquidity
A
Adoption & Utility
A-
Regulatory Posture
B+
/ Public-Record Events

Key events & disclosures.

  • Mainnet Mar 2020
  • Multiple network outages 2022-2023 (stabilized 2024+)
  • FTX collapse association (2022)
  • Spot ETF applications filed 2025

/ Best for

High-throughput consumer applications; cost-sensitive transaction workloads; allocation seeking L1 differentiation from Ethereum.

/ Watch out for

Network reliability has improved but is not yet at Ethereum's track record. Validator hardware requirements are materially higher than Ethereum.