Solana’s active validator count has dropped from more than 2,500 in March 2023 to about 800 now, a fall of roughly 68%. Some in the community say this is mostly the network shedding Sybil or low-quality nodes. Others, including key infrastructure teams, warn that many recent departures are real operators leaving because rewards no longer cover their costs. The real impact on decentralization remains unclear and depends on how many independent validators are left and how staking power is distributed.
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