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Sam Schubert
@minnus
@Blockworks_ @blockworksres | prev @Citi | views are my own
Joined May 2023
6.1K Following    4K Followers
In August, @solana processed 5.2B non-vote transactions, 19% more than July's previous full month high of 4.2B Higher highs are becoming the new norm...
The composition behind @solana latest transaction ATH matters as much as the record itself. Of 1.32B non-vote transactions last week: - Spot DEXs: 592M - Bot/MEV: 237M - Perp DEXs: 115M Hence, spot and perp markets alone drove 54% of activity. This is because Solana is increasingly becoming the shared execution layer for internet capital markets, where low fees and high throughput allow both spot and derivatives activity to scale on the same chain.
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