David Hoffman, a crypto analyst and Ethereum influencer, has picked out a concerning disconnect in Solana relating to the number of SOL issued and the fees the network captures. Taking to X, the social media platform, Hoffman said Solana distributes roughly $1.8 million worth of SOL daily while only capturing a fraction in fees at approximately $40,000. 

Solana Overpaying For A Higher Bandwidth?

Hoffman’s breakdown implies that Solana, unlike other popular networks like Bitcoin or Ethereum, is paying exorbitantly for the cost of bandwidth. In blockchain, bandwidth is the amount of data that can be transferred every second. This figure varies with legacy networks, including Ethereum and Bitcoin, having some of the lowest in the sphere.

Solana, like Ethereum, supports …