Coinbase analysis of Solana network costs: activity tends to be in the western US time slot, and DEX fees account for a higher proportion than Ethereum
According to the latest research report released by Coinbase Institutional, the activity of the Solana (SOL) network typically peaks during US time periods, but compared to Bitcoin and Ethereum, Solana's activity seems to be more biased towards time zones on the West Coast of the United States. The report points out that Solana's transaction fee expenditure is consistent with other low-cost networks, with the top 0.13% of users contributing 90% of non voting transaction fees, most of which come from DEX trading activities.
The peak activity is biased towards the West Coast time zone of the United States
The Coinbase report points out that Solana's transaction fee expenses surged during the US session, which is consistent with the pattern they have observed on other exchanges. But Solana's peak activity time tends to be in the Pacific Time Zone of the United States, suggesting that its user base may differ geographically from Bitcoin and Ethereum.
The report also mentioned that Solana's transaction fees peaked during the third quarter of 2024, occurring at 8pm UTC (4pm EST). David Han, a research analyst at Coinbase Institutional, pointed out that this is an interesting peak period because apart from the West Coast of the United States, no other major economic regions will be active in the market during this time.
In contrast, the peak of Base's activity occurs at 10am Eastern Time, similar to Ethereum, while the peak of Arbitrarum and Polygon PoS occurs at 9am Hong Kong Time, demonstrating their influence in the Asian market.
Failed transaction costs decrease
The report also pointed out that in the third quarter of 2024, the fees generated by Solana's "failed transactions" significantly decreased, accounting for about 26% of the total transaction fees, which has fallen sharply from the peak of 55% in March. Although this ratio is still higher than other low-cost chains (such as Coinbase's Base, which averages 14%), Solana's transaction failure rate is gradually approaching the peer range.
The activity is still focused on DEX
In terms of active user concentration, the top 0.13% of Solana accounts contributed 90% of the total non voting fees. The research report shows that 75-90% of Solana's fees are related to DEX transactions, which is higher than the proportion of DEX activities in Ethereum and Base, which are 55-65% and 60-70%, respectively.
Coinbase analysts believe that this phenomenon may be driven by a large number of memes within the Solana ecosystem. However, Solana's rapidly developing gaming and decentralized physical infrastructure network (DePIN) ecosystem is expected to further expand demand sources in the long term, reducing reliance on DEX fees.
(责任编辑:财富观察)
- 美借分期会打联系人电话吗,有在美借上办过贷款知道的?
- 币圈行情直播
- 南昌住房公积金贷款的条件有什么,我想在南昌买一套房
- Coinbase10万用户数据外泄,黑客开价2000万美元封口费
- 巨鲸用户完成WBTC短期套利操作换得2044万美元USDT
- ico币怎么样
- BingX Launchpool 上線 AgentLayer,推出全新質押機會
- qt币币价格-qtc币价格最新行情
- 摩根大通首席执行官警告称,股市在突然复苏中将出现“异常自满情绪”
- 比特币怎么声明 怎么叫比特币
- 广发车主信用卡加油有优惠吗?
- fil今日最新价格多少
- 火币交易版ios
- Chainlink Labs推出创业支持计划「Build on Solana」,现已开放申请
- 亿欧app下载 views+
- 数字货币交易app views+
- okx官方 views+
- 亿欧交易所下载 views+
- 欧亿交易所怎么样。 views+
- okx交易所app官网链接 views+
- 数字货币交易所 views+
- okx交易所app官网 views+
- 虚拟货币交易平台排名 views+
- 虚拟货币交易 views+