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BSC Hot Meme Coin 「memes」 with over 8.6 million in transaction fees and market cap, how impressive is the LP annualized yield?
【Crypto Rhythm】 Recently, there is a phenomenon on the BSC chain worth paying attention to — a Meme coin called “memes” is gaining incredible popularity.
According to on-chain data monitoring, this coin has already topped the transaction fee leaderboard across the entire BSC network. How exaggerated is this? The accumulated transaction fees have reached 6352 BNB, which is roughly equivalent to $5.66 million USD. To put it into perspective, other Meme coins can’t compare at all; this figure is several times higher.
Even more interesting, this coin currently has a market cap of only $8.6 million USD, yet its generated transaction fee income has approached 66% of its market cap. What does this indicate? The trading activity is exceptionally hot.
For liquidity providers, what does this mean? According to PancakeSwap V3’s fee mechanism, LPs can earn approximately 66%-68% of the total transaction fees as rewards. Based on this proportion, the estimated reward amount that LPs can share is about $3.79 million USD. In other words, if you provide liquidity in this trading pair, the profit potential is quite substantial.
Currently, the main trading pair for this coin on PancakeSwap is memes/USDT, with a TVL of about $300,000 USD in the liquidity pool, which doesn’t seem large. However, the 24-hour trading volume reaches as high as $14.88 million USD, indicating frequent inflows and outflows of funds — a typical high-turnover characteristic.