Solana daily active validators drop below 800, down over 65% from the 2023 peak

Odaily Planet Daily reports that the number of active validators on Solana has fallen below 800, returning to 2021 levels. This data represents a decline of over 65% from the peak of approximately 2,500 validators at the beginning of 2023. Validator voting transaction volume has decreased from about 300,000 transactions per day to 170,000, a 40% drop. The main reasons for validator attrition include changes in economic benefits, such as the decreasing voting cost support provided by the Solana Foundation Delegation Program and the diminishing staking matching policies over time. Despite the reduction in validator numbers, user-initiated DApp interactions and token transfer volumes remain stable, totaling approximately 100 million transactions daily.