Meme Coin 'memes' Generates Over $5.6M in Fees, Liquidity Providers Set to Share Nearly $3.8M

Meme Coin 'memes' Generates Fees Close to Market Cap

On January 23, data from GMGN revealed that the BSC-based meme coin 'memes' has accumulated transaction fees totaling 6,352 BNB, equivalent to approximately $5.66 million—surpassing other meme coins by a significant margin.

Currently, the coin's market cap stands at $8.6 million, meaning that fee revenue already accounts for around 66% of its total valuation, highlighting its high transaction volume despite a relatively modest market cap.

Liquidity Providers to Share $3.79 Million

Under PancakeSwap V3's fee structure, liquidity providers (LPs) typically receive 66%-68% of all trading fees. Based on this model, LPs participating in the 'memes' liquidity pool are projected to share approximately $3.79 million in rewards.

The memes/USD1 trading pair currently holds a TVL of around $300,000 on PancakeSwap, yet it has achieved a 24-hour trading volume of $14.88 million, demonstrating extremely high turnover and liquidity efficiency.