MartyParty said that Solana is the best blockchain to make 0.8%-1.2% daily yield.
The analyst said that investors should profit from volume and not market movement.
“Entering and exiting positions on Ethereum costs too much,” said MartyParty.
Crypto analyst, MartyParty on X (formerly Twitter), highlights Solana as the only network where crypto enthusiasts can consistently earn 0.8-1.2% daily yield in 7%-10% concentrated liquidity ranges over a month. This bullish outlook shines a spotlight on SOL, Solana’s native token.
The analyst revealed that he mainly trades SOL/USDC pools Solana marketplace Orca, Raydium, and Meteora. He also confirmed he has experience with range-trading stablecoin pools since 2019 on blockchains like Ethereum, Arbitrum, and Sui. However, he still prefers the Solana blockchain for reliable yields.
Im a defi liquidity provider. Thats how I earn my living.#Solana is the only network you can reliably make 0.8-1.2% daily yield in 7-10% +- Concentrated Liquidity ranges over a month (30 days). I trade primarily $SOL/$USDC pools on @orca_so @RaydiumProtocol and @MeteoraAG.Ive… pic.twitter.com/19akVyNROY
— MartyParty (@martypartymusic) August 13, 2024
According to MartyParty, pools on Ethereum, Arbitrum, and Sui typically offer yields between 0.1% and 0.3% averaged over 30 days, excluding high-risk pools. In contrast, Solana provides much higher returns, with MartyParty adding that “Solana has the highest volume by 10x and is the only network professional range traders use.”
MartyParty advises investors to focus on profiting from volume, not just price movements, which are often controlled by market makers. He explains:
Entering and exiting positions on Ethereum costs too much, so you have to have larger ranges and therefore vastly lower yield. Only makes sense with huge positions ($100k plus). Not realistic otherwise.
The analyst also posted the screenshot of his yield receipt, showing an estimated yield of 1.1127% in the past 24 hours.
Additionally, as per the data from CoinMarketCap, SOL is trading at $147.48, up 2% in 24 hours and a 30.69% decrease in the trading volume which stands at $2.09 billion. Further, SOL is up 502.86% since August 2023, outperforming many of the major altcoins.
As per the data from TradingView above, the Relative Strength Index of SOL token stands above 45 which means that the digital asset is currently bearish and the sellers are in control. However, the gradient of the line hints at the possibility of higher prices in the short term.
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