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A couple of days ago, the coin KMNO, which had the highest trading volume on the Solana chain, moved from the alpha market to the spot market. Yesterday, it was in a relatively chaotic situation, either with unstable trading volume or high fee losses. Today, I tested it again in the alpha market and indeed found an alternative solution.
Currently, the trading volume on the ETH/Base/Sonic chains is too small to consider; they cannot bear the loss at all, and I do not recommend them. The chains to choose are BNB and Solana.
Let's first look at Solana. Currently, the highest trading volume is with MEW, but the trading volume of this coin is unstable, ranging from a few U to 200 U per minute. I tried placing an order for 60 U, but several market sell orders after buying failed, and there was no response for a long time after placing the order. Then, after a few minutes, I was informed that the order failed, but the coin was not immediately returned to the account; it took about ten minutes to come back before I could place a new order. All four consecutive orders failed until the fifth one was completed, taking over an hour. This time loss is unacceptable.
Afterwards, I tried POPCAT and FARTCOIN, which also had unstable trading volumes—sometimes a few U per minute, sometimes several thousand U per minute—but they had better liquidity than the top trading volume MEW. I suspect there is an error in the BN statistics. These two coins can barely be traded, but the loss is still a bit high, around 0.4%.
The coin with the highest trading volume on the BNB chain is B2. I looked at the transaction amount, and it is about several thousand U to over ten thousand U per minute, with very good liquidity. This is related to the recent policy of the BNB chain to double the count of buy orders or limit buy orders. Additionally, with KMNO exiting the alpha market on the Solana chain, the trading volume of B2 has surged in the past two days.
Most coins on the BNB chain have relatively high network fees, so increasing trading volume on the BNB chain must consider the proportion of network fees in the losses. A few days ago, due to the very low liquidity on the BNB chain, I could only place smaller orders, so I had to split large orders; each time the network fee accounted for a significant portion of the trading cost, making it unsuitable at that time.
Directly stating the conclusion: It is now suitable to use the BNB chain to increase trading volume. The transaction volume on the BNB chain has increased in the past two days. Choose coins with transaction amounts of several thousand U to over ten thousand U per minute, with very good liquidity, allowing for larger limit orders or even market orders. Not only do network fees account for a small proportion of trading costs, but transactions are also completed very quickly. Additionally, the BNB chain currently calculates the buy transaction volume as double, so the actual loss is less than 0.2%, which is a very good situation.
