DeFi researcher Patrick Scott shared DefiLlama data on X, saying that due to the Meme coin craze, half of the top 10 crypto protocols by fee were on Solana in the past 24 hours, including Raydium, Jito, etc. This is either a huge top signal or a fundamental shift in market activity.
Among them, Solana-based automated market maker Raydium’s fees reached $11.79 million on November 17, setting a new single-day fee record, while liquidity staking protocol Jito’s fees on the same day were $9.87 million, setting the third-highest single-day fee record.
Meanwhile, pump.fun recorded its seventh-highest single-day revenue at $1.65 million.
Photon, the Telegram trading bot for Solana Meme Coin, became the seventh-highest-grossing product, setting the fifth-highest daily fee record at $2.36 million. (Cointelegraph)