MultiversX Tracker is Live!

Solana's YTD Inflation Rate is ~13.5%

All Cryptocurrencies

by COINS NEWS 66 Views

Solana's YTD Inflation Rate is ~13.5%

https://preview.redd.it/039hbmfottqd1.jpg?2048&format=pjpg&auto=webp&s=0ced01d9a3ff5032a20cd2e32019bc6761e3b255

It seems as though the burn-mechanism isn't working so great on SOL, it has over 13.5% YTD inflation.

When you take into consideration that most of the transactions on SOL are failed or consensus transactions it doesn't paint a great picture.

If you factor in team and VC unlocks the inflation is more like ~20%.

Pretty crazy when you consider that SOL technically has an infinite supply and they've been known to lie about this stuff from the beginning.

What is the point of any of this if they can just print more SOL infinitely?

submitted by /u/gigabyteIO
[link] [comments]

Get BONUS $200 for FREE!

You can get bonuses upto $100 FREE BONUS when you:
πŸ’° Install these recommended apps:
πŸ’² SocialGood - 100% Crypto Back on Everyday Shopping
πŸ’² xPortal - The DeFi For The Next Billion
πŸ’² CryptoTab Browser - Lightweight, fast, and ready to mine!
πŸ’° Register on these recommended exchanges:
🟑 Binance🟑 Bitfinex🟑 Bitmart🟑 Bittrex🟑 Bitget
🟑 CoinEx🟑 Crypto.com🟑 Gate.io🟑 Huobi🟑 Kucoin.



Comments