
defioasis.eth|Sep 06, 2025 10:52
Explored the lifecycle of Solana DEX traders (the time span from the first to the last DEX transaction) and filtered out new addresses with their first DEX transaction in the past 24 hours. Found some interesting insights:
- The total number of Solana DEX transaction addresses exceeds 750 million, but 96.6% of addresses have a lifecycle within 24 hours, with an average lifecycle of about 15 minutes. Most of these are likely used for wash trading new Memecoin addresses.
- Solana DEX traders show high address stickiness. The number of addresses with lifecycles of 1 day – 1 week, 1 week – 1 month, 1 month – 1 quarter, and 1 quarter – 1 year doesn’t differ much. Interestingly, the number of addresses with lifecycles of 1 quarter – 1 year is even higher than those with 1 week – 1 month or 1 month – 1 quarter.
- There are over 1.8 million addresses with lifecycles exceeding 1 year, with an average of 655 days.
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