Lark Davis|10月 17, 2026 23:01
Fidelity, an asset manager with $7.1 trillion in AUM ($18.0T AUA), dropped a major Solana health report through its R&D arm, FCAT.
Key takeaways:
The Good:
• Zero outages in 2 years
• Real-world assets up 4x to $4.4B; $16B in stablecoins
• 8% of all SOL in ETFs and treasuries
• 200ms slots live; upcoming Alpenglow targets 150ms finality
• Sub-cent priority fees
The Risks:
• High barrier: $60k+/year validator costs, 200k SOL breakeven
• 20 validators control >33% of stake
• 40% of stake concentrated in Frankfurt and Amsterdam; TeraSwitch alone hosts 29%
• Software still heavily tied to Agave/Jito code
Once plagued by frequent outages, Solana now has an unbroken 2-year uptime record. Coupled with high speed and sub-cent fees, it marks a rapidly maturing network. Now it's real test is decentralization.
Source: FCATT - The State of Solana:
Network Health and
Resilience
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