Analyst: If Solana's on-chain trading ecosystem is regarded as an "independent financial category", it is currently ranked third in profitability
According to a report released this week by Coinbase's Director of Institutional Research and Institutional Research Analysts, David Duong and David Han, if Solana's on-chain trading ecosystem is viewed as an "independent financial category," it currently ranks third in profitability, behind only stablecoins and Layer 1. David Duong pointed out that "Solana's trading-related activities typically account for 75-90% of on-chain transaction fees, far higher than other networks such as Ethereum, Base, and Arbitrum, although Layer 2 solutions also show growth and innovation, they often face different scalability challenges and user fragmentation issues compared to Solana, Solana's fee dynamics and user activity patterns are still different."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Ex-Goldman Sachs Exec Shares Positive Outlook on XRP Amid Legal Challenges
Cardano Hits $1 for the First Time in Two Years, Signaling Strong Market Momentum
XRP Soars as Ripple CEO Applauds Trump’s Treasury Secretary Nominee
Trump and Wall Street: How long will the love affair last?
Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.