Solana is rising as a high-speed trading platform in the encryption world

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

1. The service-oriented nature of the launch platform: A certain emerging platform has surpassed established platforms, achieving a 60% project success rate and entering the liquidity pool, with daily revenue exceeding $1 million. Creator loyalty has weakened, and retention rates and trading volume have become the new competitive advantages.

2. Tokenized stocks become core collateral: they provide around-the-clock liquidity, modular margining, and capital unlocking for private markets. The true market potential lies in the circulation of relisted equity.

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

The Competition for Launch Platforms Intensifies

The rise of a certain new platform is not just a digital game:

• Market share reversal: On July 5th, the new token issuance of this platform accounted for 66% of the total market, while the established platform only accounted for 26%.
• The quality of funds is better than the scale: the new platform has a success rate of about 60% for projects, while the established platform has only 31%.
• Monetization Ability: Daily income rapidly increased from almost zero to over 1 million dollars, while established platforms declined to 500,000 dollars.

analysis

Maintaining a high-value trading volume is the real competitive advantage. The success rate is actually an indicator of the net income retention rate of the launch platform; whoever can systematize it first will win the enterprise-level API integration market.

Established platforms still occupy a large share of creators' minds (with cumulative revenue of about $700 million), but new platforms have proven that the user switching cost is very low. The next wave of user loss for established platforms may be premeditated, such as top influencers providing "24-hour listing exchange" guarantee services.

Project scale valuation: Even with a stable income of 1 million dollars per day, the annual income 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, has demonstrated a SaaS-level economic model. Even excluding extreme volatility factors, its valuation of 1 to 2 billion dollars remains reasonable when calculated at 10-15 times forward sales.

Tokenized Stocks: A New Channel for Traditional Financial Liquidity

Tokenized stocks are not just "stocks on the blockchain"; they:

• Shorten the delay in traditional financial settlement to the minute level.
• Open new categories of collateral assets
• Open financing channels for large private institutions

The winning blockchain ecosystem must meet three core requirements: a regulated token issuance mechanism, a sound oracle system, and a highly liquid perpetual contract market. The ultimate winner will become the infrastructure in the tokenized equity space, fully capturing the value growth dividend.

Solana as the Core of the Revenue Mechanism

Solana's revenue in the second quarter reached 570 million USD, accounting for 46% market share. The revenue of other major public chains is as follows:

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

This reflects two facts:

1. The main application scenario of cryptocurrency is still transaction as a service.
2. Professional users are the main driving force: professional users drive profit and loss; mainstream exchanges will lead the public to enter the market in the future.

The reason led by professional users

Solana optimizes the full lifecycle value for professional users, while centralized exchanges need to bear the costs of KYC certification, fiat channels, and new user support.

• Delayed arbitrage cycle: A trading period of 400 milliseconds and extremely low fees allow the bot to refresh orders dozens of times per second; each slight advantage is directly converted into protocol fees.
• Composable leverage: From token issuance to establishing AMM liquidity pools to perpetual contract collateral, it only takes a few minutes. The fund turnover speed is an order of magnitude higher than that of Ethereum L2.
• The network incentive mechanism is highly aligned with the needs of professional users: professional users are willing to pay more, have a lower churn rate, and can also lay the foundation for liquidity on the platform, continuously attracting a new generation of professional users to join.

Conclusion

Solana is committed to maximizing the full lifecycle value of professional users, while centralized exchanges bear the costs of KYC, fiat channel maintenance, and support for newcomers.

The fastest-growing companies in the encryption field view blockchain as a high-speed channel for capital markets.