TensorFi Shares 50% Revenue with TNSR Amidst Solana's DEX Surge

Tensor's memecoin app, TensorFi, has announced a significant revenue-sharing initiative with its native token, TNSR. The app will allocate 50% of its revenue to the TNSR treasury, a move that aims to support the growth and development of the TensorFi ecosystem.

The announcement comes amidst a surge in memecoin activity on the Solana blockchain, which has seen a significant increase in decentralized exchange (DEX) volume. Solana's DEX platform, Jupiter, has accounted for nearly 70% of its DEX volume, highlighting its efficiency and appeal among users. This rapid rise in Solana's DEX dominance can be attributed to its lightning-fast transaction speeds and low fees, which have attracted considerable trading volume.

The launch of high-profile memecoins on the Solana blockchain, including those associated with public figures like former President Donald Trump, has further fueled this trend. OKX, a leading cryptocurrency exchange, has reported that Solana briefly held an astonishing 89.7% market share in DEX activities during its peak.

However, it is essential to contextualize Solana's growth within the broader landscape of decentralized finance (DeFi). While Solana has made significant strides in DEX volume, Ethereum still leads in various areas such as average trade size and the volume generated per address. This suggests that Ethereum remains a hub for larger transactions and whale activity. Additionally, Ethereum's dominance in tokenizing real-world assets is evident, with a staggering 82% of over $5 billion associated with this blockchain.

One critical distinction between Solana and Ethereum lies in their total value locked (TVL) and liquidity pool quality. OKX notes that while Solana enjoys high-volume trading, its overall liquidity is considerably smaller compared to Ethereum's extensive liquidity pools. This discrepancy raises questions about the sustainability of Solana's rapid rise in DEX activity and its ability to attract and retain liquidity as market dynamics evolve.

As the competition between Solana and Ethereum continues, both ecosystems are encouraged to innovate, potentially leading to enhanced user experiences and engagement. The ongoing developments in layer 2 solutions on Ethereum are also noteworthy, as they begin to challenge some of Solana's advantages in terms of low fees and high transaction speeds.

In conclusion, TensorFi's revenue-sharing initiative with the TNS