
The memecoin generator PumpdotFun has set new records in monthly fees, daily active addresses, and daily tokens launched, according to reports. Meanwhile, the platform Moonshot has nearly doubled its previous all-time high in fees. As of 10 AM, Moonshot's revenue primarily comes from USDC, which is used to purchase Solana (SOL). In related discussions, users have highlighted the fees associated with trading on platforms like Photon, where a $500 trade incurs a total fee of approximately $12.14, or about 2.5% of the trade value. Comparisons have been made to other platforms, with some arguing that trading on Ethereum's mainnet can be cheaper than using certain decentralized exchanges, particularly for smaller transactions.
TIL photon doing more fees than uniswap https://t.co/mrzGKh1xMX
did bunch of $5 txns on jup SOL to USDC and back with jito protect on, four of them were reasonable bribes of $0.03 while two of them were $1.30! you can do a swap on eth mainnet for $1.98 rn with free protection, and L2's are ~free tell me more about smol trader much cheap
$500 photon trade photon fee = $5.00 default priority fee = $2.05 default bribe = $5.09 default slippage = 20% total: $12.14 or ~2.5% of trade value please, tell me more about how this is clearly superior, cheaper and better for the user than any L2