Today I researched Solana's revenue and expenditure situation, and I was shocked by what I found.

A few key points:

First, Solana's tokens are continuously being issued without pause. Currently, 2.2 million tokens are newly issued every month, approximately 350 million USD.

Second, Solana is losing money every month. Based on the calculation of issuance value minus income, the Solana network is experiencing monthly losses at an economic mechanism level, approximately 300 million USD.

Of course, this 'loss' is not the traditional cash outflow on a company's balance sheet, but refers to the new SOL issued by the network as rewards for validators, far exceeding the transaction fees paid by users, represented as net on-chain inflation expenditure.

Third, the SOL that Solana issues every month is mostly not locked up. Most of it is returned to users as staking rewards, a small portion is distributed to nodes, and some indirectly benefit projects like Jupiter that operate validator nodes. The core idea is that the printed SOL continuously maintains the ongoing operation of the entire network and ecosystem.

In summary, the prosperity of Solana must rely on a continuous flow of gambling activities. Once this gambling prosperity ends, and if income cannot significantly increase while inflation cannot significantly decrease, then a terrifying death spiral may ensue.

As a sharp remark from a group friend puts it: everything that the Solana community shouts about is to maintain prosperity, and this is the essence of Sol.