DeFi Safety, an independent DeFi rating organization, has ranked Solana as the second-worst according to the firm’s technical criteria.
Axie Infinity’s, the popular play-to-earn gaming platform, Ronin blockchain has been ranked as the worst, according to DeFi Safety. Ronin was hacked for $600 million in March 2022.
The Montreal-based agency has rated over 240 Decentralized Finance (DeFi) protocols and 15 different blockchains.
DeFi Safety’s blockchain reviews include five-different criteria: node count and their diversity, supporting software, documentation, as well as testing and security, according to their blog post.
“DeFi Safety does not perform code audits,” explains Defi Safety on its about page. “Instead, we review the quality of process and documentation behind the code, of which audits are only a part.”
Why is Solana rated low?
DeFi Safety’s primary reasons for such a low rating revolve around Solana’s poor node infrastructure and frequent downtimes.
Other reasons include...
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