# Solana DeFi — X 热门讨论 (2026-09-30 18:35 UTC)
## @BigFIBO (Big FIBO) · 09-30 05:31 · ♥51 ↻20 💬36 Reinsurance has priced subordination for decades. Onchain finance is catching up.
OnRe’s ONyc turns real premium income from short-duration catastrophe and specialty contracts into a liquid Solana dollar asset.
Exponent then splits that same cash flow into two risk profiles:
srONyc — senior capital, with junior capital absorbing first losses. Lower risk, more predictable yield.
jrONyc — first-loss capital. You take more risk and earn the additional risk premium.
Same collateral. Same underwriting. Different positions in the capital stack.
That’s how traditional markets have allocated risk for decades. Onchain, it becomes composable, transparent, and usable across DeFi.
Different allocators want different risk.
ONyc makes that choice programmable. @onrefinance https://x.com/BigFIBO/status/2105168664018210930
## @Ucan_Coin (𝖀𝖈𝖆𝖓) · 09-30 17:37 · ♥74 ↻5 💬37 I don’t think Solana passing Ethereum in daily fees should be seen as bad news for Ethereum on its own.
If anything, we might be looking at the wrong metric here.
New data shared by CryptoSlate shows Solana has moved ahead of Ethereum in daily fee generation. But at the same time, the same data shows Ethereum is still stronger when it comes to ETH burn.
I think this distinction matters.
Looking at how much fees a blockchain generates can give us an idea of the economic activity on the network, but it doesn’t tell us everything about the value being created.
What matters is how that economic activity feeds back into the network’s own token economy.
On Ethereum, part of the fees users pay is burned as ETH. So network activity isn’t just about how much revenue Ethereum generates, but also how that activity affects the supply of ETH.
That’s why Solana generating more daily fees doesn’t, on its own, mean Ethereum is economically falling behind.
When I compare the two, I want to look at transaction fees along with changes in ETH and SOL supply, staking yields, active users, transaction activity, DeFi and stablecoin usage, and the economies created by applications as well.
Because high transaction volume or high fee generation isn’t the same thing as building a sustainable token economy.
And this is the question I’m more interested in when it comes to Ethereum:
How much of the economic value created on Ethereum actually flows back to ETH and ETH holders?
The same question needs to be asked about Solana too.
Because the Layer 1 competition can no longer be judged only by which one is faster, which one is cheaper, or which one generates more fees in a single day.
I think the competition ahead will be between networks that can turn user and application activity into sustainable economic value.
And at this point, the more important metric for me isn’t simply how much value is created, but how much of that value flows back into the network’s token. https://x.com/Ucan_Coin/status/2105351419410743437
## @wrestler_galaxy (WRESTLER) · 09-30 15:45 · ♥51 ↻17 💬21 stock tokens: what if things go right? https://x.com/wrestler_galaxy/status/2105323197075771647