Meme cryptocurrency "memes" generated over $5.6 million in transaction fees, with liquidity providers expected to receive nearly $3.8 million.

01-23

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On January 23, according to GMGN monitoring , the recently popular Meme coin "memes" on the BSC chain has become the top-ranked coin in terms of transaction fees, accumulating 6,352 BNB, worth approximately $5.66 million, several times higher than other Meme coins. The current market capitalization of this Meme coin is $8.6 million, meaning the transaction fee revenue is approaching 66% of its market value.

According to PancakeSwap V3's fee structure, liquidity providers (LPs) can receive approximately 66%-68% of the transaction fees as rewards. Based on this calculation, LPs are expected to receive approximately $3.79 million in rewards. Currently, the total value of liquidity in the main trading pair (memes/USD1) on PancakeSwap is approximately $300,000, with a 24-hour trading volume of $14.88 million.

Sector:

Memes

Centralized Exchange (CEX) Token

Smart Contracts

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.

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