According to a research report released by Coinbase Institutional, Solana's network active level shows significant regional characteristics, mainly concentrated in the US time zone, and shows a higher active level in the US Pacific time zone. Its transaction fee peak occurs at 20:00 UTC (4:00 am UTC + 8), which indicates that its core client base may be mainly distributed on the US West Coast. The report data shows that expenses on the Solana network are highly concentrated, with the top 0.13% of user accounts contributing 90% of non-voting transaction fees, with DEX-related activities accounting for 75% -90% of total successful transaction fees, significantly higher than Ethereum's 55% -65%. The share of failed transaction fees on the Solana network fell to 26% in the third quarter of 2024, a significant decrease from the peak of 55% in March this year, but still higher than the 14% quarterly average of the Coinbase-incubated Ethereum L2 network Base. Coinbase analysts pointed out that the Solana ecosystem's current revenue stream is mainly dependent on DEX trading activities, and this concentration may stem from its active Meme ecosystem. With the gradual development of its gaming and DePIN ecosystem, it is expected to diversify its revenue streams in the future, thus reducing its dependence on trading activities.