DeFi Safety Downgrades Solana Due to Infrastructure Issues

DeFi Safety rating agency The independent rating agency DeFi Safety has criticized the Solana blockchain for incorrectly handling archive node information and poorly designed block explorers.

DeFi Safety specializing in decentralized finance downgraded Solana blockchain ecosystem rating. The agency cited poor infrastructure and frequent network downtime as one of the main reasons.

Based in Montreal, Canada, DeFi Safety has over 240 DeFi protocol evaluations and 15 different blockchains. The agency says they do not audit the code, but instead check the quality of the process and documentation. When evaluating DeFi Safety, they are guided by five criteria: the number of nodes and their variety, supporting software, testing, security.

In its assessment of Solana, the agency expressed concern about the lack of details about the archiving of nodes on the network or the process of storing all blockchain data since its inception. According to the rating agency, Solana does not have clear documentation on archiving nodes, other than a year-old Reddit thread. Solana’s native block explorer Solscan also leaves a lot to be desired, according to the report.

The report indicates that some Solana validators have begun censoring transactions. However, Solana Labs denied this statement and called it an analogue of MEV – an indicator of the profit that a miner or validator can receive for their work.

According to report co-author Nick Sheaf, the Solana ecosystem is “impressive in its speed and beauty,” but there are a number of gaps that could be fixed to improve the blockchain.

Earlier, the Solana developers announced that they had fixed a bug that had already stopped the blockchain several times.