Earn Crypto In A Sideways Market: Trader Outlines How To 'Be Your Own Bank' On Solana

Crypto trader Marty Party expressed his preference for the Solana SOL/USD network for decentralized finance (DeFi) trading, citing its reliability and high yield.

What Happened: The crypto trader highlighted the Solana network as the most reliable platform for earning daily yields of 0.8-1.2% in 7-10% higher or lower concentrated liquidity ranges over 30 days. He trades primarily SOL/USDC pools on Orca, Raydium Protocol and Meteora.

He also shared his experience of range trading single-sided stable coin pools since 2019. He mentioned that he had range-traded Ethereum ETH/USD, Arbitrum, and Sui SUI/USD but they yielded only 0.1-0.3% over 30 days without tight high-risk pools due to low volume.

He emphasized being a volume trader and that Solana has the highest volume by a factor of 10, making it the preferred network for professional range traders.

Also Read: What’s Going On With Solana, Popcat, AI Crypto Coins? Here’s What Technical Analysis Says

Why It Matters: Marty Party pointed out the high costs of entering and exiting positions on Ethereum, which necessitates larger ranges and results in significantly lower yields. He argued that this only makes sense with large positions (more than $100,000) and is not realistic otherwise.

He encouraged others to learn about Liquidity Pool (LP) yield, describing it as passive income earned by lending assets to a blockchain contract in a 100% permissionless DeFi setting. He explained that with range trading, one can profit whether the price goes up or down, earning a small fee for each DeFi swap used for momentary transactional escrow via the AMM.

Marty Party urged his followers to "be your own bank" and profit from the volume, not one-directional price movement controlled by market makers.

Read Next:

• Solana Spikes To $160 As Brazil Approves First Solana ETF: ‘SOL Should Gain 100% On Ethereum In Months Ahead,’ Says Trader

This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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