Solana: A new high-speed trading platform in the encryption world

Solana is gradually becoming a high-speed trading platform in the encryption field, designed for fast trading, on-chain composability, and large-scale yield processing. The following three key data points support this view:

1. Launch platform as a service: A certain emerging platform has surpassed its established competitors, achieving a 60% token graduation rate and successfully entering the liquidity pool, with daily revenue exceeding one million dollars. Creator loyalty has declined, and retention rates and trading volume have become new competitive advantages.

2. Tokenized stocks become core collateral: providing around-the-clock liquidity, modular margin, and capital unlocking for private markets. The future potential lies in the circulation of relisted equity.

3. Solana revenue diversification: In the second quarter, revenue reached $570 million, accounting for 46% of all public chains. Revenue mainly comes from decentralized applications, automated services, launch platforms, and production tools.

Changes in the Market Landscape of Launch Platforms

The rise of a certain emerging platform is not only reflected in the numbers:

• Market share reversal: On July 5th, the new token issuance on this platform accounted for 66% of the market, while the established platform only accounted for 26%.
• Funding quality advantage: The new platform has an approximately 60% graduation rate, while the established platform only has 31%.
• Revenue capability: Daily income surged from zero to over one million dollars, while the old platform declined to 500,000 dollars.

Market Insights

• Retaining high-value trading volume is the true competitive barrier. The graduation rate essentially reflects the platform's ability to retain net income.
• Although the established platform still has an advantage in creator awareness (with cumulative revenue of about $700 million), the cost of user migration has approached zero.
• Revenue Estimate: Based on daily revenue of one million dollars, the annual revenue can reach 100 million dollars. With a profit margin of about 80% based on Solana infrastructure, this protocol, which has been online for only one year, demonstrates a software as a service level economic model.

Market Dynamics Analysis

• User loyalty is unstable, and changes in the incentive mechanism may lead to a rapid shift of the creator community.
• Defense strategies may include establishing native decentralized exchanges and increasing liquidity provider rewards to raise the cost of user exit.
• New entrants may adopt high incentive strategies to promote leaderboards centered around tokens and daily trading volume, achieving profitability before customer acquisition costs rise.

Tokenized Stocks: A Bridge Between Traditional Finance and Blockchain

Tokenized stocks are not only traditional stock representations on the blockchain, but they also:

• Shorten traditional financial settlement times to the minute level
• Create a new type of collateral asset category
• Provide financing channels for large private institutions

A successful blockchain ecosystem requires: a regulated token issuance mechanism, a reliable oracle system, and a highly liquid perpetual contract market. Leaders will become infrastructure providers in the field of tokenized equity.

market development status

Some platforms have begun to put synthetic put options from well-known companies on the blockchain, while transforming illiquid assets or private equity into composable collateral.

The Revenue Mechanism of Solana

Solana's revenue in the second quarter reached $570 million, accounting for 46% of the market share. In contrast:

• Ethereum: $213 million
• TRON: $165 million
• Binance Chain: $150 million
• Other chains: up to 75 million USD

This reflects two key facts:

1. The main application of cryptocurrency is still focused on transaction services.
2. The platform is optimizing for professional users, who are the main profit drivers.

The appeal of Solana to professional users

Solana has optimized the full-cycle value for professional users:

• Low-latency arbitrage: A 400-millisecond trading window and extremely low fees make automated trading possible.
• Quick leverage combination: From token issuance to establishing liquidity pools and perpetual contract collateral, it only takes a few minutes.
• Matching network incentives with large capital demands: Professional users are willing to pay higher fees, have a lower churn rate, and provide a liquidity foundation for the platform.

Conclusion

Solana is committed to providing maximum full lifecycle value for professional users, while traditional centralized exchanges have to bear more infrastructure and user support costs. In the encryption field, those companies that view blockchain as an efficient capital market channel are showing the fastest growth.