Raydium's fees reached $11.79 million yesterday, setting a new record for its single-day fees

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, Raydium, an automated market maker based on Solana, had a fee of $11.79 million on November 17, setting a new record for its single-day fee, while the liquidity pledge protocol Jito had a fee of $9.87 million on the same day, setting the third-highest single-day fee record. At the same time, pump.fun set the seventh-highest single-day revenue record of $1.65 million. Photon, the Telegram trading robot for Solana Meme coins, became the seventh-highest revenue product, setting the fifth-highest single-day fee record of $2.36 million. (Cointelegraph)