SOL vs the World (Patreon)
Published:
2024-12-17 17:41:29
Imported:
2026-06
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The "Fat SOL" thesis refers to the idea that Solana's native token, SOL, would accrue value as the network's utility increases, much like "fat" protocols in the internet stack. This thesis seems to be playing out with Solana's significant capture of the L1 fee market, suggesting that as the network grows, so does the economic value returned to its token and stakers through fees and MEV (miner extractable value).
This combination of factors explains why Solana has managed to generate $431M in fees in the past 30 days, capturing 53% of the global L1 fee pool, outpacing all other L1 blockchains combined.
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