Vane

Build log

Last updated 5 August 2026

Vane is being built in the open. That means the mistakes are published too — which is the point, since a tool that claims to tell you what really happened has to be willing to show when it got something wrong.

Working now

Not working yet

What has been measured

74% of Solana tokens are silent within 24 hours of launch — 35 of 47, median 24 lifetime transactions, "silent" meaning no trade in six hours. One 24-hour window, small sample, stated with its size. Bigger ones will be published with intervals.

Also: 100% of token creations are inner instructions; roughly 50–87k mints a day, which is about 4–6 GB a year of index — small enough for one person to own; and transaction count is a terrible proxy for volume, since one token showed 260 transactions and three actual trades.

Bugs found while building

Every one of these returned a plausible wrong answer rather than throwing. That pattern is the reason the calibration discipline exists at all.

01 Every token creation is an inner instruction Fixed. A top-level scan returns zero on a chain minting tens of thousands of tokens a day — and zero looks plausible
02 Pump.fun bonding curves hold native SOL Fixed. Invisible to token-balance parsing; the parser reported "no trades found" on the most common launchpad on Solana
03 A token trades on more than one pool Open. Merging them produced "66.7% of liquidity removed in one transaction" out of a two-lamport dust trade
04 The fee payer is not the creator Open. Launchpads sponsor transactions, which inverted a signal outright — and "this wallet created 47 tokens" is a claim about a person
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