Meme coin "memes" generates huge fees exceeding $5.6 million, with liquidity providers expected to share nearly $3.8 million.

BlockBeats News, January 23, according to GMGN monitoring, the recently popular Meme coin "memes" on the BSC chain has become the top in network fees, with a cumulative fee generation of 6,352 BNB, valued at approximately $5.66 million, several times ahead of other Meme coins. The current market capitalization of this Meme coin is reported at $8.6 million, with fee revenue approaching 66% of its market cap.

According to the PancakeSwap V3 fee mechanism, liquidity providers (LPs) can receive about 66%-68% of the trading fees as rewards. Based on this calculation, the estimated reward amount that LPs can share is about $3.79 million. Currently, the main trading pair (memes/USD1) liquidity pool for this token on PancakeSwap has a TVL of about $300,000, with a 24-hour trading volume as high as $14.88 million.