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.