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Promote with Leviathan NewsDefiLlama has Solana at roughly $48B in 30d DEX volume, but only about $11.6M in L1 fees; that gap is why app architecture matters more than ecosystem branding. Perps make it brutal: Hyperliquid Perps is doing around $78M in 30d fees while Jupiter Perps is closer to $9.8M, so whichever venue owns matching, liquidations and settlement owns the fee flywheel. If Solana wants NASDAQ-onchain, the hard part is pulling profitable state transitions back onto the L1 without kneecapping latency traders.
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