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 around 1M. In other words, on average, DLMM’s LP users are printing 1M daily. If this number starts to spike significantly, it’s a strong indicator that Solana meme hype is heating up in the short term. This is because, generally speaking, these fees mostly come from LP market-making for MEME tokens on-chain. For example, looking at today’s data, it shows 1.9M—almost double the average. But does this mean Solana meme is making a comeback? It’s hard to say for now. We might need to keep observing for a while before drawing any conclusions.