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：白银TD)

• ·coinbene交易所
• ·omg比特币行情
• ·比特币不同钱包-比特币不同钱包可以互转吗
• ·交易所芝麻交易所APP下载-芝麻交易所USDT交易平台官方授权版v6.2.9快速安装
• ·Binance推迟MOVE代币空投计划
• ·10月31日东吴消费成长混合A净值下跌1.17%，近1个月累计下跌6.44%
• ·什么是重放攻击
• ·OKX|欧亿安卓安装包下载全官网——探索OKX交易所安卓手机应用的全新体验
• ·玖富万卡这个平台怎么样，好不好下款呢？
• ·10月31日汇添富添添鑫多元收益9个月持有混合A净值下跌0.27%，近1个月累计下跌0.92%
• ·为什么开票显示纳税人不存在
• ·派币挖矿软件树莓-派币挖矿视频
• ·成都公积金代买-成都公积金代买机构
• ·挖矿用什么系统 挖矿用什么系统最好
• ·比特币现金价格
• ·江苏神通：实际控制人承诺特定发行期间不减持