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：经济时评)

• ·21Shares 预测供应紧缩将推动比特币价格升至 13.8 万美元
• ·10月31日安信稳健汇利一年持有混合A净值增长0.04%，今年来累计上涨4.83%
• ·为什么用显卡比特币 为什么用显卡比特币不能用
• ·10月31日嘉实新起航混合C净值下跌0.19%，近1个月累计下跌5.31%
• ·比原链有钱包吗
• ·探索欧艺App:艺术与科技的完美结合
• ·火币网以太坊
• ·10月31日银河核心优势混合C净值增长3.78%，近3个月累计上涨18.76%
• ·宜信宜人贷款关系是什么？我想搞清楚两个之间的联系。
• ·金尊棋牌游戏平台-
• ·friend.tech消亡，Pump.fun兴起，我们能从中学到什么？
• ·10月31日海富通风格优势混合净值增长0.40%，今年来累计上涨13.34%
• ·国债投资收益是否缴纳增值税
• ·保险理赔转账多久到？理赔款何时到账？
• ·Eigenlayer：介绍“智能 DeFi”新范式，盘点 10 大潜在用例
• ·ltc钱包是什么-ltc 钱包