Why Coinbase Wallet’s Solana Trading Jumped 12x Without Incentives

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In this episode of Unchained Premium, Ox Bid, who leads trading at Coinbase Wallet, joined Laura to talk about why Solana trading in the wallet jumped 12x in three months, and what its traders are actually doing.

She says the growth didn’t come from Solana-specific incentives. It came from swap execution, now at a 99% success rate including cross-chain swaps, plus a reworked Discover tab and Live Coins, which lets users trade new tokens seconds after they go onchain. The conversation also covers the rebrand back to Coinbase Wallet from the Base app, a 2.5x rise in spot volume since July, and the three trader profiles she sees: long-term holders, active spot traders, and perps traders.

Plus: why perps, launched through a Hyperliquid integration, drew new traders instead of cannibalizing spot, how Polymarket-powered prediction markets are faring, and what’s next, from a pro-focused Coinbase Terminal to AI agent features targeted for the end of this year.

Show Highlights:

• Why Ox Bid says the 12x jump in Solana trading came without any Solana-specific incentives
• How a 99% swap success rate, including cross-chain swaps, changed trading in the wallet
• Why most traders pick a token first and don’t care which chain it’s on
• How Live Coins and new launchpad filters in Discover let users trade new tokens within seconds
• Why the wallet went back to the Coinbase Wallet name after the Base app, and why the roadmap didn’t change
• The three trader profiles in the wallet, and why perps via Hyperliquid captured new traders instead of cannibalizing spot
• How Polymarket-powered prediction markets rank behind spot and perps in activity
• What’s coming: Coinbase Terminal for pro traders on web and mobile, and AI agent features targeted for year-end

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