Solana Dapps are collecting Massive Fees

in #crypto3 days ago

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Solana is a bit of a weird beast. It's a fully centralized blockchain that has had a number of times where it went down but for some reason people just legit don't care and just want to meme it up and try for crazy profits.

The trading platforms built on top of this blockchains such as Raydium and Jito have been seeing millions of dollars in fees being collected in just a single day!

The meme frenzy is in full force over on the Solana blockchain and it seems to be driving up the price as Solana continues to hit new highs.

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Solana seems positioned to make some serious actions to the upside. With a ever decreasing supply on inflation currently at 5% and decreasing by 15% each year towards a target of just 1.5% inflation rate at that point. So the amount of inflation supply is actully shrinking rather quickly or at least it should be.