$SOL is shifting hard from degen memecoin casino to serious DeFi rails
Memecoins dropped from 40% to 16% of spot volume in a year. Stablecoin swaps jumped from 6% to 19%. $SOL trading itself now 53% of volume.
Seasons CEO calls it a return to reality after memecoin extraction burned too many wallets. Institutions are leading the charge with stablecoin issuers flooding in. Stablecoin assets on Solana hit $15.7B, up 51% YoY. Network settled $1.9T in stablecoins this period.
The real alpha: tokenized equities went from 7% to 97% of onchain spot trading in one year. $4.9B volume. But the CEO says we're only at 2% of tokenization's potential.
Memecoin volume bounced back to 34% by August so the degen core is still alive. But most who left aren't coming back.
Sustainable yield on $SOL right now: liquidity provision, stablecoin lending, delta neutral liquid staking. Risks: issuer counterparty exposure, network reliability, smart contract exploits.
Seasons distributes gold, $BTC and dollar assets to holders with a 10% fee on SEAS trades funding it.
Next 12 months: Solana could 4x volume, value, and asset count. Watch prevalence, app integrations, and unique users, not just TVL.
Memecoins dropped from 40% to 16% of spot volume in a year. Stablecoin swaps jumped from 6% to 19%. $SOL trading itself now 53% of volume.
Seasons CEO calls it a return to reality after memecoin extraction burned too many wallets. Institutions are leading the charge with stablecoin issuers flooding in. Stablecoin assets on Solana hit $15.7B, up 51% YoY. Network settled $1.9T in stablecoins this period.
The real alpha: tokenized equities went from 7% to 97% of onchain spot trading in one year. $4.9B volume. But the CEO says we're only at 2% of tokenization's potential.
Memecoin volume bounced back to 34% by August so the degen core is still alive. But most who left aren't coming back.
Sustainable yield on $SOL right now: liquidity provision, stablecoin lending, delta neutral liquid staking. Risks: issuer counterparty exposure, network reliability, smart contract exploits.
Seasons distributes gold, $BTC and dollar assets to holders with a 10% fee on SEAS trades funding it.
Next 12 months: Solana could 4x volume, value, and asset count. Watch prevalence, app integrations, and unique users, not just TVL.