SPCX volume breakdown: Solana 60%, Ethereum 20%, Base 15%, others 5%. Why Solana? Speed + fees. Here is why Solana won and what happens next.
Solana processes 65,000 transactions per second. Ethereum: 15 TPS. Base (L2): 500 TPS. For high-frequency trading (like stock markets), speed = everything. When SPCX traders are competing on small price moves (0.1% differences), the fastest network wins. Solana completes a trade in 400ms. Ethereum: 12+ seconds. Game over.
Solana average fee: $0.001 (~₹0.08). Ethereum L1: $5–15 (₹400–1,200). Even Ethereum L2 (Base): $0.05–0.1 (~₹4–8). For small traders buying ₹50,000 in SPCX, Solana fees are negligible. Ethereum fees would eat 10%+ of profit on small moves. Price traders choose Solana.
Solana's Phantom wallet is integrated with all top Solana DEXs (Marinade, Magic Eden, Raydium). One-click trading. Ethereum fragmented: MetaMask, Uniswap, different gas profiles. Solana offers better UX. For retail traders, UX = conversion rate. Solana dominated.
More tokenized stock volume = more Solana network usage = more SOL burned (with fee burn mechanism) = reduced SOL supply = upward price pressure. If tokenized stocks become a multi-trillion market (likely), Solana could become the backbone. SOL at $172 could be very cheap in 3 years if this thesis plays out. Long SOL is a bet on Solana as the settlement layer for tokenized stocks.
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