The Solana Foundation has publicly defended its support for developers following online criticism, citing over $650 million raised by its accelerator alumni and tens of millions in annual non-equity grants. Foundation executive Vibhu Norby detailed extensive funding programs and marketing efforts, while critics argued some founders had become complacent. The price of SOL traded near $92, down significantly from its all-time high.
The public debate about support for builders on Solana intensified this week, prompting a detailed rebuttal from Solana Foundation Chief Product Officer Vibhu Norby. He addressed what he called “glaring inaccuracies” in recent online discussions.
Norby stated that projects from the Colosseum accelerator alone have raised over $650 million in venture capital. He also detailed millions in hackathon prizes and grant programs like Superteam, which offers up to $10,000.
The Foundation and affiliates such as Monke Foundry distribute tens of millions each year through grants without taking ownership stakes. Norby also highlighted extensive marketing, claiming Solana leads all networks in social media impressions and engagement.
The criticism began when a builder named Chase argued that too many Solana founders had grown comfortable and entitled. Investor Mike Dudas claimed the Foundation’s tone felt “very odd” given past performance.
DoubleZero co-founder Austin Federa agreed complacency was a problem but stated it affected the Foundation and core developers as well. Chase later clarified his comments were not aimed at hardworking builders.
Meanwhile, SOL was trading near $92, up approximately 4% over 24 hours. The token remains down more than 34% year-on-year and nearly 69% below its all-time high of $293.
