According to a report released this week by Coinbase's Director of Institutional Research and Institutional Research Analysts, David Duong and David Han, if Solana's on-chain trading ecosystem is viewed as an "independent financial category," it currently ranks third in profitability, behind only stablecoins and Layer 1. David Duong pointed out that "Solana's trading-related activities typically account for 75-90% of on-chain transaction fees, far higher than other networks such as Ethereum, Base, and Arbitrum, although Layer 2 solutions also show growth and innovation, they often face different scalability challenges and user fragmentation issues compared to Solana, Solana's fee dynamics and user activity patterns are still different."
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Analyst: If Solana's on-chain trading ecosystem is regarded as an "independent financial category", it is currently ranked third in profitability
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