In the fast-paced world of meme tokens on Solana, keeping an eye on liquidity pools can reveal some exciting opportunities. A recent tweet from Bradydon, co-founder of HawkFi, highlights a bounce in yield and volume for the $USELESS DLMM pool. If you're into meme coins or looking to optimize your liquidity providing strategies, this is worth a dive.
The stats shared show some intriguing movements. Over the last 24 hours, the fee-to-TVL ratio sits at 0.61%, with an hourly rate of 0.03%. But zoom in closer: the 4-hour mark drops to 0.07% (-33.8% change on Base), 2-hour at 0.04% (-24.7%), 1-hour at 0.02% (-19.4%), and then a rebound in the 30-minute window at 0.01% with a +11.0% uptick. This volatility screams opportunity for savvy traders.
What's DLMM, you ask? It stands for Deterministic Liquidity Market Maker, a fancy way of saying it's a more predictable and efficient type of automated market maker used on platforms like Meteora, Orca, and Raydium on Solana. These pools help maintain liquidity for tokens like $USELESS, which, despite its name, is gaining traction in the meme token scene.
Bradydon points to HawkFi's "ping pong" strategy as a way to capitalize on this. Think of it as high-frequency swing trading for liquidity. You provide liquidity in short bursts, bouncing in and out to capture fees during volatile periods without getting stuck in long-term positions. It's like playing tennis with the market—quick volleys for steady gains.
To get the full scoop, check out HawkFi's guide on ping pong DLMM strategies. HawkFi acts as a terminal for automating these moves across Solana's top DEXes, making it easier for blockchain practitioners to level up their game.
For meme token enthusiasts, this bounce in $USELESS could signal broader trends in Solana's ecosystem. Meme coins thrive on hype and liquidity, so tools like HawkFi are becoming essential for staying ahead. Whether you're farming yields or just watching the charts, keeping tabs on these pools can enhance your understanding of the market dynamics.
At Meme Insider, we're all about unpacking these insights to help you navigate the wild world of meme tokens. Stay tuned for more updates on Solana projects and trading tactics.