Pro
What Are Markets Pricing Into Solana’s Fee Growth
Key Insights
- Solana applications have surpassed Ethereum applications in terms of fee generation.
- Around 75% of total application fees on Solana are generated by spot trading activities or liquid staking.
- Further growth opportunities can come from the launch of new use cases such as DePIN or AI, along with the adoption of proven, but underutilized use cases such as onchain Lending and LSTs.
- Solana application valuations show markets expect the overall Solana ecosystem to continue to grow while also anticipating a drawdown in memecoin speculation.
The Current State
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Kinji formerly covered crypto at Morgan Stanley. His primary interests are DeFi, Ponzi's and unstable stablecoins.
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