Is Solana (SOL) a shitcoin?
$ No. Strong fundamentals, few red flags.
Gold-meter
66/100
merit score
Shit-meter
26/100
red-flag score
Solana: Strongest on tech & development (99); biggest red flag is insider control (40).
— — Market Cap —
Layer 1 · Data confidence medium How much of the methodology had verified data behind this score. It says nothing about the project itself. Is this verdict fair?
Community opinion — never affects scores.
Every score is built from the indicators below. Select any line for the reasoning, raw data and source.
Goldcoin score breakdown Higher is better · total 66 Decentralization 16% of score 73
Largest client's share measured 45 70% Nakamoto coefficient measured 100 20 Permissionless participation assessed 100 Anyone can mine or validate Reachable full / validating nodes measured 56 1,300 Consensus mechanism assessed 65 Permissionless proof of stake Usability as money 10% of score 88
Confirmation speed (L1) assessed 90 Under 10s Typical transaction fee (L1) assessed 85 $0.001 to $0.01 Annual fees ÷ market cap measured 87 0.421% Daily active addresses measured ?
Unknown TVL or non-speculative settlement ÷ market cap measured ?
Unknown Tech & development 12% of score 99
Open source assessed 100 Fully open Originality assessed 100 Novel design or research Programmability assessed 100 Full smart contracts (EVM or native VM) Monthly active core developers measured 94 76 Cost to attack measured 100 > $25B (est.) Full bear markets survived measured 40 1 Halts or rollbacks, last 5 years measured 0 5 Years in production measured 62 6.5 years Security budget 10% of score 80
Fee share of security rewards assessed 70 10% to 25% Real reward to securers assessed 100 Clearly positive Security spend (rewards ÷ market cap per year) assessed 100 1.5% or more of market cap per year Security trend (hashrate or staked share, 1 year) assessed 50 Flat Fair launch & distribution 16% of score 12
Top-100 holders' share measured ?
Unknown Genesis allocation to insiders measured 4 48% Launch method assessed 20 Private VC rounds Supply soundness 14% of score 66
Current annual inflation measured 62 4.4% Supply policy assessed 70 Decaying or small tail emission
Shitcoin score breakdown Higher is worse · total 26 Token needed to use the product assessed 0 Required Market cap ÷ annual economic throughput measured ?
Unknown Function beyond speculation assessed 0 Money, gas or collateral Insider control 20% of score 40
Team, investor and foundation holdings measured 40 ~20% (est.) Who controls upgrades and governance assessed 40 Foundation-led Top-10 wallets' share measured ?
Unknown Admin powers 15% of score 0
Freeze or blacklist function measured 0 No Mint authority measured 0 None Upgrade path measured 0 Immutable or hard fork only Unlock overhang 15% of score 2
FDV ÷ market cap measured 0 1.08× Unlocks in next 12 months measured 4 1% Hype dependence 10% of score 12
Celebrity, influencer or politician launch assessed 0 No Social mentions ÷ active addresses measured ?
Unknown Trading turnover measured 23 5.3% Track record 10% of score 25
Core-protocol exploits with user losses, last 5 years measured 0 0 Regulatory enforcement against the issuer measured 50 Settled Methodology v0.8 · computed 2026-09-29 