# LP Fees are a Rocket Ship 🚀

> 50% increase💹 in weekly FEES | SOLANA DEXs | Scam token & MORE 

**Published by:** [The Poolfish Newsletter](https://paragraph.com/@poolfish/)
**Published on:** 2023-11-17
**Categories:** defi, liquidity providing, uniswap v4, poolfish
**URL:** https://paragraph.com/@poolfish/dollar9million-lp-fees-poolfish-solana-dex-hooks

## Content

Total Volume + FeesWelcome back to our weekly LP wrap-up of the week! Price fluctuations and whales buying and selling have generated significant fees for LPs this week. This week we look at hook development, the premier DEX on Solana, and an impersonator launching a fake Poolfish token. State of the LPWETH/USDC This asset pair remains one of the most popular, generating ~$1,465,000 fees for LPs this week. USDC is of the most widely used consumer cryptocurrency and ETH is the bedrock of all modern day crypto centric applications, even CEXs. After all the volume for this pair in the past seven days was > $2.3 billion . Want more analysis on this pair's most popular tier? Check out here. Below is a recently created position with 264% APY with $66,270 provided in liquidity in the WETH/USDC 0.05 fee tier pool. WETH/LINK LINK by Chainlink is also a volatile coin. Traders and LPs love LINK, in-fact WETH/LINK had the largest share of this week's trading volume (~13 percent!) in the 0.3% fee tier. LINK is used to pay node operators who run Chainlink nodes which explains why it's so popular. Chainlink, a widely-used oracle network that streams data into smart contracts and recently partnered with ChatGPT. Since Chainlink is so popular as software it's own token LINK is corelated with it's success and adoption. Beware the POOLFISH impersonator Someone who likes to watch the world burn impersonated Poolfish and launched a fake POOLFISH token on this contract address: 0x7eaefe097F90d8924037E02fc6Ec817F935ebE5c THIS IS NOT OUR TOKEN-THIS IS NOT AN OFFICIAL TOKEN BY POOLFISH This is a reminder that the DeFi/crypto world is filled with scammers and sharks. We yearn for a day where such attacks on reputation are so ineffective that scammers don't even stand to gain from impersonating a known brand/figure. Until then, we must swim with caution. LPing on Orca and Whirlpool Looking to break out from EVM based chains for liquidity providing? One of the most interesting projects out there is Orca, operating on the Solana network; an AMM (just like Uniswap) that has been rocking the past few days. As of now, Orca is the eighth-largest DEX by 24 hour trading volume We all saw Solana's $SOL this month making strides and it is up > 140% compared to last month. Consequently the DEXs on Solana also are garnering more attention reaching $3.6 billionof volume (past 7 days) as folks continue to trade on the Solana chain itself. This is where Orca's Whirlpool protocol, supporting much of this growth, comes into play. Orca's accounts for 35% (~$1.5 billion) of the total DEXs volume for Solana. Orca's protocol, Whirlpool, has 1,320 pools, with SOL-USDC being the most popular. SOL-USDC pair has $5.2m in TVL and 4600 LPs. Whirlpool has reached record numbers of TVL locked this week which eclipsing even the 2021 bull run. The massive drop in Nov 2022 was due to the collapse of FTX . Orca works similarly to Uniswap V3, and it also features concentrated liquidity. Moreover, people laude the platform for being easy to use. You deposit concentrated (or full-range) liquidity and receive an LP token. Orca is a good alternative for folks looking to provide liquidity on chains other than the one's based on Ethereum. Solana has a vibrant ecosystem and as adoption grows, there is sufficient activity expected which means more swaps/trades -> more LP fees. While it does not have as much of a robust community as Uniswap, Orca and Solana are rising in popularity in a multi-chain Dapp world. Orca has recently introduced its latest product, the "Liquidity Terminal," which offers liquidity providers (LPs) access to comprehensive historical price and yield data. This empowers LPs to make well-informed decisions by leveraging insights from past data. You can sign up for the beta access here You can check out more about Solana DEXs here AND You can view statics about Whirlpool and all statistics about pools on it hereHooks are nearly upon usEach week, we explore new developments about the upcoming Uniswap V4 hooks. @saucepoint on twitter this week created a suite of tools to help developers simulate and test their hooks more intuitively, ensuring an excellent user experience right off the bat. saucepoint @saucepoint Just in time for ETHGlobal: test and develop Uniswap v4 Hooks with a UI! 48 8:30 AM • Nov 16, 2023 @RuneKek suggested a new way to make UniswapV2 LPs more profitable this week without any added financial risk and started a discussion around the topic of renting out the rights to a pool. Hayden Adams suggested this could be a V4 hook, requiring LPs to lock up liquidity in exchange for auctioning it off to traders. hayden.eth 🦄 @haydenzadams Requires locking liquidity but passive LPs that auction off exclusive swapping rights is an interesting design space Since it cuts out mev leak to ETH validators, top searchers could bid more than LPs earn today Easy to build with v4 hooks Rune @RuneKek Since basic univ2 style LPs earn no fees from end users and are only used for arbitrage, would it be possible to get more fees by letting market makers bid on exclusive access to the pool for a time period, instead of having MMs bid for individual arbs via priority fees? 106 6:00 PM • Nov 9, 2023 Furthermore someone has already created a V4 hook for this concept. The idea was very well receivedPoolfish shoutoutThis week we also got a shout out from Uniswap Foundation(again!). Head on over to poolfish.xyz to start playing with our calculators. You'll get a feel for how pool analytics looks like and start familiarizing yourself with different metrics. Uniswap Foundation @UniswapFND Poolfish Features Impermanent Loss Calculator: Know the risks tied to your liquidity position. Yield Projections: Forecasts for your potential earnings. Pool Analytics: Deep-dive into metrics to maximize your returns. 7 11:26 AM • Nov 16, 2023 Top Pools of the WeekHigh-Risk OVR/ETH in the exotic pairs category for the ones feeling adventurous.Low-RiskFET/ETH & YFI/ETH for the balanced swimmers.SafeETH/USDT in the 5bps category for the cautious paddlers.This week in the crypto world has been a whirlwind of activity. With the rollercoaster of price movements due to trader activity and rising adoption of consumer apps, the landscape for liquidity providers (LPs) is more dynamic than ever. At Poolfish, we're committed to keeping you ahead of the curve with these fast-paced developments. Don't miss out — join us next week for the latest insights and updates in the LP arena!

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