Cyber Capital founder Justin Bons recently shared a change in perspective on social media: his previous assessment of Solana's decentralization level was biased.

Specifically, Bons initially assigned a Nakamoto coefficient of 21 to SOL, but after re-evaluating the calculation method, this number was adjusted to 11. The decrease in value actually reflects a change in the evaluation dimension — he now uses staking scale as the core indicator, rather than simply counting validator nodes.

This adjustment is quite interesting. It shows that even professional investment institutions are continuously refining their evaluation frameworks for blockchain projects. Viewing decentralization from the staking scale perspective can more accurately reflect the distribution of network power. In contrast, a higher number of validators does not necessarily mean higher decentralization. As one of the leading public chains, Solana's network parameters and governance structure have always been a focus of market discussion.