Update
Fidelity Report Finds Solana Resilient but Concerns Stake Concentration
Fidelity’s Center for Applied Technology (FCAT) has released a report titled 'The State of Solana: Network Health and Resilience.' The report highlights Solana's resilience, noting it has not experienced a major mainnet outage since February 6, 2024. However, it also points to weaknesses, including a small group of validators, one hosting provider, and two European cities holding an outsized share of the network's stake. The report suggests that Solana's tokenized real-world assets and stablecoin activity have grown significantly, with the network processing over $2 trillion in stablecoin volume in the first quarter of 2026. The report also reveals that about 18 validators together control enough stake to halt finality, which exceeds acceptable limits set by the Solana Foundation. Additionally, a single hosting provider controls nearly 29% of the total stake, raising concerns about network stability and decentralization.