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)

• ·请问光大银行信用卡要面签了多久下卡啊？
• ·SEC 的 Atkins 承认，孙宇晨在特朗普 memecoin 晚宴前“正在积极调查”
• ·招财币钱包不同步-招财币钱包不同步怎么办
• ·请问新易贷打联系人电话吗？我刚刚申请了新易贷借款。
• ·机构加仓、生态势头良好，比特币牛市延续有戏？
• ·申请公积金贷款的规定有什么，我想要办公积金贷款
• ·今年退市股票
• ·火币上线
• ·小规模纳税人每月开票不超过多少可以免税
• ·承兑贴现是什么
• ·探讨反女巫机制的意义与解析
• ·bcc币支持的钱包-bcc 币
• ·社保投资股票
• ·培养计算能力的软件-培养计算能力的软件有哪些
• ·网贷读秒怎么样，审核一般要多久的时间？
• ·DePIN 行业日趋成熟，目前已有超过 25 个项目产生收入