Meme Coin "memes" Generates $5.6 Million in Transaction Fees Just Two Days After Launch, Liquidity Providers Expected to Share Nearly $3.8 Million

BlockBeats News, January 23. According to GMGN Monitoring, the recent popular Meme coin "memes" on the BSC chain has become the top network fee generator, accumulating a total of 6352 BNB in transaction fees, estimated to be worth 5.66 million U.S. dollars (including priority fees & bribery fees & transaction fees), far ahead of other Meme coins. The Meme coin was launched only 2 days ago, with a current market value of 8.6 million U.S. dollars, and the transaction fee revenue accounts for nearly 66% of its market value.

According to PancakeSwap V3's fee mechanism, Liquidity Providers (LPs) are expected to receive about 66%-68% of the transaction fees as rewards. Based on this calculation, LPs are expected to share a reward of approximately 3.79 million U.S. dollars. Currently, the token's primary trading pair (memes/USD1) liquidity pool TVL on PancakeSwap is around 300,000 U.S. dollars, with a 24-hour trading volume of up to 14.88 million U.S. dollars.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.