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Solana is currently popular, particularly due to its engagement with meme coins and recent market phenomena. Despite this buzz and the allure of potential gains, Cunningham urges caution. He emphasizes that the underlying execution of the Solana blockchain poses significant risks to users engaging in transactions or investing.
Transaction Mechanics on Solana
One of the primary concerns Cunningham highlights is the disparity between successful and failed transactions on the Solana blockchain. According to data from Dune Analytics, a significant portion of successful transactions—approximately 80%—are related to governance activities rather than typical user transactions.