thejohnnycrypto on Nostr: “Sixty percent of all transaction fees come from transactions that include a DEX ...
“Sixty percent of all transaction fees come from transactions that include a DEX swap.” That stat from Daniel Smith, Head of Data at Blockworks, jumped out at me during Solana Breakpoint 2025.
It wasn’t just about growth—it was about what’s actually paying the bills. Solana’s revenue is no longer riding on one-off cycles or incentives. It’s being pulled by trading demand.
What stood out:
✅ Solana leads all chains in revenue-generating apps
✅ Trading drives both app fees and base-layer fees
✅ Prop AMMs now route most spot volume
✅ Revenue follows market activity, not narratives
It felt like a confirmation that Solana’s economics are now tied to how much people actually trade, not how much they’re incentivized to show up.
Follow me - The Johnny Crypto for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejonnnycrypto #bitcoin #stablecoins #staking #sol #solana #grownostr #nostr
Published at
2026-01-22 17:02:15 UTCEvent JSON
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"content": "“Sixty percent of all transaction fees come from transactions that include a DEX swap.” That stat from Daniel Smith, Head of Data at Blockworks, jumped out at me during Solana Breakpoint 2025.\n\nIt wasn’t just about growth—it was about what’s actually paying the bills. Solana’s revenue is no longer riding on one-off cycles or incentives. It’s being pulled by trading demand.\n\nWhat stood out:\n ✅ Solana leads all chains in revenue-generating apps\n ✅ Trading drives both app fees and base-layer fees\n ✅ Prop AMMs now route most spot volume\n ✅ Revenue follows market activity, not narratives\n\nIt felt like a confirmation that Solana’s economics are now tied to how much people actually trade, not how much they’re incentivized to show up.\n\nFollow me - The Johnny Crypto for grounded insights on how digital assets are reshaping finance and how to ledger them. #thejonnnycrypto #bitcoin #stablecoins #staking #sol #solana #grownostr #nostr\n\nhttps://image.nostr.build/eeb3bd3d6225d0ca9fc87526bac03951b3ed73e9ee8b9c464517bf9d3db4db37.jpg",
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