📅 Market analysis for August 9, 2026 · data as of 14:00 UTC · powered by live Wealthville Scores
One pool is doing 61% of venue volume and paying 16.6% in fees — that tells you exactly what raydium-clmm is good at right now.
The snapshot: $160.90M TVL, $11.40M flow, and a lopsided fee map
Across the 12 raydium-clmm pools we score, aggregate TVL sits at $160.90M with 24h volume of $11.40M and an average fee APR of 2.2%. That average hides a split personality. On one side you have SOL‑USDC with $6.22M TVL, $7.00M 24h volume, and a 16.6% fee APR — a real market. On the other, some of the venue’s biggest pools by TVL show zero trades and zero fees: USRUB‑USDT at $36.97M and OSRUB‑USDT at $35.98M both printed no volume. Same story for GFT‑USD1 ($19.96M, 0 trades) and PYUSD‑TRX ($16.26M, 0 trades).
That’s not a rounding error. It’s a routing and product-market-fit story. Raydium’s concentrated liquidity can price tightly when flow arrives, but many pairs won’t see flow because aggregators prefer other routes or the assets themselves don’t trade. The protocol is best when it’s plugged into busy lanes. It’s weak when it’s asked to warehouse inventory for assets that aren’t moving.
If you care about fees, you should care about where the swaps actually go — not where the TVL sits. We make that point over and over in our archives; see Where Solana LPs Actually Earned: SOL‑USDC Fees Beat Hype for receipts.
Where raydium-clmm shines: majors with aggregator flow
The standout is obvious: SOL‑USDC (pool 3ucNos4NbumPLZNWztqGHNFFgkHeRMBQAVemeeomsUxv) booked $7.00M in 24h volume on $6.22M TVL for a 16.6% fee APR print. That’s the venue in its best light — concentrated bins hugging mid, active LPs adjusting ranges intraday, and routing support pulling order flow in. If you want a reference on how this product is designed to work, Raydium’s docs are the canonical source: docs.raydium.io.
Two mid-tier lanes also matter right now:
- USD1‑USDC ($9.90M TVL, $1.97M vol, 0.7% fee APR). A synthetic-stable to USDC lane with real settlement demand. Not glamorous, but it actually clears trades.
- AKE‑USDC ($3.92M TVL, $1.01M vol, 0.9% fee APR). A mid-cap token that still sees flow, likely because its CLMM quotes stay competitive against alternates.
Everything else with volume is modest: BNB‑USDC ($405K vol, 0.2%), JupUSD‑USDC ($410K vol, 0.4%), USDC‑TRX ($302K vol, 0.4%), and SOL‑USD1 ($257K vol, 5.6%). Add it up and you’ll see the pattern: majors and a couple of active stables clear; captive or exotic pairs don’t. That’s not unique to Raydium, but it’s pronounced here today.
The winners and the duds: pool-by-pool, and why
SOL‑USDC: the fee engine
Numbers: $6.22M TVL, $7.00M 24h volume, 16.6% fee APR, farmer score 72/100. Mechanically, CLMM shines when the pool’s fee tier and tick spacing produce the best executable quote for the aggregator at size. When your ticks are narrow and the book is deep enough, swaps path through you. That’s what’s happening here. It’s also why SOL‑USDC has consistently out-earned hype in prior cycles on Solana; see again our earlier analysis: SOL‑USDC Fees Beat Hype.
LP playbook: keep a tight band just wide enough to withstand intraday swings. Harvest fees frequently if you’re range-bound. If you want a taste of how exotic pairs can behave on CLMMs, check GLDx‑XAUt0 on raydium‑clmm — price can trend for long stretches, so you’ll face longer out-of-range periods than on majors.
USD1‑USDC: flow without flash
Numbers: $9.90M TVL, $1.97M 24h volume, 0.7% fee APR, farmer score 53/100. Why it works: stable-synthetic to USDC pairs still clear treasury flows and onchain payments between venues. Routing is competitive here because traders don’t mind tiny slippage; fee tiers decide the quote. If your range hugs peg, you collect a steady trickle. Range risk is low, but fee density is lower than SOL‑USDC.
AKE‑USDC: mid-cap that still clears
Numbers: $3.92M TVL, $1.01M 24h volume, 0.9% fee APR, farmer score 35/100. Why it works: active holders, some volatility, and a CLMM that posts consistently competitive ticks so Jupiter isn’t forced to detour. You won’t get SOL‑like fee spikes, but you also aren’t fighting 50 whales in a single bin. If you LP here, monitor realization: if your in-range time is high but fee APR fades, someone undercut your bins.
USRUB‑USDT and OSRUB‑USDT: the TVL traps
Numbers: $36.97M and $35.98M TVL, both with 0 volume and 0% fee APR. These are textbook examples of capital stuck in assets that aggregators either won’t route to or users don’t trade. Wide ranges don’t fix that. Tight bins don’t fix that. Without flow, fees don’t exist. If your thesis is carry, this isn’t the venue; if your thesis is mean-reversion with fees along the way, you need the “fees along the way” part to be real.
Same caution applies to GFT‑USD1 ($19.96M TVL, 0 trades) and PYUSD‑TRX ($16.26M TVL, 0 trades). Until you see prints, assume dead TVL.
What decides who gets routed: fees, ticks, and quote quality
Routing on Solana is dominated by Jupiter. Its job is to minimize cost for traders across venues and programs; start with docs.jup.ag if you want the model details. That creates a simple truth for LPs: if your pool’s effective quote (fee tier + tick placement + depth) isn’t best-in-class at the size being traded, you’re a backup route at best.
On raydium-clmm, two protocol-specific gears matter:
- Fixed fee tiers per pool. The pool’s fee parameter is set at creation. If it’s too high for a stable pair, you lose fills to cheaper tiers on other venues. If it’s too low for a volatile pair, LPs can’t get paid for risk. Healthy pools pick the right tier upfront and then rely on tick management by LPs to keep quotes competitive.
- Tick spacing and in-range inventory. Fees accrue to in-range liquidity that gets hit. If your bin is even a single tick off best quote when flow arrives, you miss the fill. If you’re too narrow, you slip out-of-range on the next wick and sit idle. Dynamic rebalancing is the job here. Machines do it better than humans over long windows, but humans still win in specific regimes (news spikes, funding flips).
Two operational frictions also matter in practice: compute budget and program reliability. CLMM swaps do more math than constant-product AMMs; that’s normal. On peak blocks, noisy programs can time out. Raydium’s program is battle-tested, but LPs should assume that quotes on different venues can win or lose fills transiently based on chain conditions. That’s another reason to prefer majors here — missed fills hurt less if there are many more right behind them.
How Raydium CLMM stacks up to Orca Whirlpool and Meteora DLMM
On Solana, the three concentrated products don’t occupy the same niche all the time.
- Orca Whirlpool tends to dominate stables and blue-chip majors when its fee tiers line up with aggregator preferences and its pools are the deepest. You can sanity-check how a mid-cap behaves there by peeking at something like BOOP‑USDC.
- Meteora DLMM is a different beast (discrete liquidity bins with automatic re-centering and inventory controls). It often shines on volatile or freshly launched assets where active managers want JIT‑style range behavior; example: ANTHROPIC‑USDC during listing windows.
- Raydium CLMM sits between them. When a Raydium CLMM pool is seeded with the right fee tier and cared for by active LPs, it competes head‑to‑head on majors. Today, that’s exactly what we see on SOL‑USDC. When those preconditions aren’t met, Raydium’s CLMM can quietly become a parking lot.
Also, Raydium still runs a classic constant‑product AMM for countless long‑tail pairs. That AMM can soak memecoin enthusiasm just fine (spreads be damned) while CLMMs focus on tighter quotes for size. If you want to see that long‑tail in practice, scan pairs like SOL‑CDR on raydium‑amm — great for directional punts, not for precision market making.
The contrarian point: treat raydium-clmm as a one-pool venue — until it isn’t
Most readers want a neat list of five opportunities. That’s not what the data says. The contrarian position here is simple: Raydium CLMM is a one‑pool venue right now. SOL‑USDC is the fee engine. USD1‑USDC and AKE‑USDC are fine secondaries. Everything else is either harmless background noise or a trap for inattentive capital.
Will that change? Yes. It always does. New listings seed fresh CLMMs, incentives ping‑pong across ecosystems, and aggregators update their routing preferences. When that happens, you’ll want to spot it quickly. Two helpful places to keep open in a tab: Best Solana pools (our live leaderboard for fee density and turnover) and Top Solana pools by TVL (so you can see when money is moving without fees to back it up). If you want fast nudge alerts rather than dashboards, our free AI Signals fire when flow and APR diverge meaningfully.
How to LP Raydium CLMM this week: practical setup
Here’s a concrete, defensible way to operate on this venue given today’s map:
- Anchor on SOL‑USDC. Allocate the bulk of CLMM capital here. Use a moderately tight band, then adjust during high‑vol windows. Don’t be afraid to sit out a chop if you’ve just harvested and price is drifting toward your edge — preservation matters.
- Run a stable sleeve in USD1‑USDC. Keep ranges hugging peg. Treat this as the low‑beta fee drip that backstops your more active sleeve.
- Cherry‑pick one mid‑cap — AKE‑USDC fits. Post narrower bins during event windows (announcements, unlocks). Widen when the tape goes quiet. Track 24h vol relative to TVL daily; if it slides under 5% for multiple days, rotate out.
- Avoid zero‑print giants like USRUB‑USDT and OSRUB‑USDT until you see actual trades. If you must hold those assets, use a constant‑product AMM or single‑sided vaults elsewhere; CLMM here isn’t paying you.
- Cross‑check alternates. If a target pair is consistently out‑earning on Orca or Meteora, don’t be sentimental about venue. The goal is fees, not brand loyalty.
For perspective on exotic assets on Raydium CLMM, browse GLDx‑XAUt0. If you prefer to troll the long tail on Raydium’s AMM while keeping CLMM capital focused, pairs like SOL‑memecoin crossovers (SOL‑CDR is one example) can scratch that itch — just accept the spread and inventory swings.
“Don’t optimize a dead route. Pick the lanes where Jupiter actually sends trades, then make your bins the best quotes in those lanes.”
What to watch next: catalysts that can flip the map
- New CLMM listings with sane fee tiers. If a new major/stable launches with the right fee setting and seeding, it can pull flow instantly. Watch the first 6–12 hours for whether it appears in routes.
- Incentive programs or MM arrivals. When a professional market maker starts actively curating bins on a Raydium CLMM pair, fee density jumps. You’ll see it in a rising vol/TVL ratio before APRs catch up.
- Aggregator updates. Jupiter integrations and parameter tweaks can re-order venue priority. Keep an eye on quote share; when Raydium CLMM starts winning more size on stables, the roster of viable pools expands fast.
- Cross‑venue dislocations. If Orca or Meteora show signs of slippage on a pair (e.g., whales draining bins), Raydium CLMM can temporarily become the best price. Those windows are short, but lucrative if you’re positioned.
FAQ
Why does SOL‑USDC earn 16.6% when the venue average is only 2.2%?
Because most of the venue’s actual trading is concentrated there. SOL‑USDC cleared $7.00M out of $11.40M total 24h volume with tight, competitive bins. Fees follow flow. Averages get dragged down by large pools that print zero trades.
Are the huge USRUB‑USDT and OSRUB‑USDT pools broken?
They aren’t broken at the protocol level; they’re just not getting trades. Aggregators aren’t routing to them or users aren’t trading those assets. In a CLMM, no flow means no fees, no matter how much TVL you park.
How should I set ranges on Raydium CLMM versus Orca or Meteora?
On Raydium CLMM, treat majors like SOL‑USDC with moderately tight ranges and frequent adjustments. On Orca, ranges and fee tiers matter similarly but pool depth often decides. Meteora DLMM uses bins that re‑center by design, which changes how you think about bandwidth and rebalancing.
What’s the simplest way to monitor when a Raydium CLMM pair starts getting routed?
Track vol/TVL daily and watch aggregator quote shares. If a pair’s 24h volume consistently exceeds 5–10% of its TVL with rising fee APR, it’s getting routed. Our live boards at Best Solana pools and Top Solana pools by TVL help, and AI Signals will ping you on divergences.
Is there any point in LP’ing non‑majors on Raydium CLMM?
Yes, selectively. AKE‑USDC is working today at 0.9% fee APR on $1.01M 24h volume. But treat it as a rotation, not a set‑and‑forget. If vol/TVL fades or your in‑range time stops converting to fees, pull or widen.
Why mention Raydium AMM pools in a CLMM piece?
Because many tokens on Raydium still trade actively on the constant‑product AMM, which absorbs long‑tail flow better than CLMMs in some cases. If you want examples, check pairs like SOL‑CDR or browse our boards; CLMMs aren’t the right tool for every asset.
