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：要闻)

• ·Republican congressman demands SEC chairman to explain his stance on 'token airdrops'
• ·1月下旬是什么时候
• ·元宝币钱包用不了
• ·比特币交易者重新盈利，但他们是否忽视了这些警告信号？
• ·密码钱包的价格-密码钱包的价格怎么算
• ·StackingDAO：Stacks DeFi 的流动性磁铁
• ·Eigenlayer：介绍“智能 DeFi”新范式，盘点 10 大潜在用例
• ·cryptosquare是正规软件吗-cryptoquant
• ·火币网狗狗币
• ·矿机怎么连 矿机怎么连接电脑挖矿
• ·公积金贷款已经审批了，但是为什么建设银行却迟迟不放款啊？
• ·万亿金融巨头正式进入 BTC ETF 托管赛道，欲挑战 Coinbase
• ·新浪股票群-新浪股票群王健19800元
• ·马上金融可以不还钱吗，不还钱会坐牢吗？
• ·叮当贷的信用评估为什么老是不好？有什么办法可以提高我的贷款成功率吗？
• ·火币怎么样