Using a simple metric to evaluate Solana meme hype The official Meteora API provides a dashboard with data like TVL, trading volume, and historical total fees. Plus, two more useful short-term metrics: 1️⃣ 24-hour trading volume 2️⃣ 24-hour fee revenue If you’re only looking at one metric, I’d recommend 2️⃣: 24-hour fee revenue data. After long-term observation, it’s clear that most of the time this number stays steady at around 1M. In other words, on average, DLMM’s LP users are printing $1M daily. If this number starts to spike significantly, it indicates a short-term increase in Solana meme hype. This is because, fundamentally, these fee revenues mostly come from on-chain MEME tokens. For example, today’s data shows it’s already at 1.9M—almost double the average. But does this mean Solana memes are making a comeback? That’s still hard to say. We might need to observe for a while longer before drawing any conclusions.