📅 Market analysis for November 10, 2026 · data as of 14:00 UTC · powered by live Wealthville Scores
47.4% on SOL-USDC vs 0.0% on multiple “100/100” pools — that’s the whole week in one line.
Pool of the Week: USD+-USDC (the 100/100 that paid 0%)
If you want a clean read on this tape, start with the biggest mirage. USD+-USDC on Meteora DLMM posted a perfect farmer score (100/100), TVL of $200,000, and 24h volume of $7. Fee APR: 0.0%. Risk: 44/100. That’s a parking lot, not a business.
Two more 100/100s reinforce the pattern. USD.infra-sUSD.infra on Orca Whirlpool held $814,000 of TVL, moved $325 in a day, and printed 0.4% fee APR. BOOP-USDC sat on $167,000 with zero volume and zero fees. All three wore the same crown.
Here’s the blunt take: Farmer Score without flow is a vanity metric. If you’re an LP who actually wants fees, you need turnover. The score may be useful as a sanity check on contract, token, and pool hygiene. But yield? It doesn’t print if wallets don’t trade through your range.
Stable wrappers like USD+- or “infra” pairs can make sense when they clear real flow or pay emissions. This week they didn’t. If you insist on parking stables, at least size them as cash management (short duration) and price the tail: depeg risk, oracle quirks, and queue dynamics still exist. We covered the mechanics and the traps in What Actually Kills Stablecoin Pools: Depegs, Oracles, Queues.
One more asymmetry: risk scores didn’t help much either. USD.infra-sUSD.infra carried a 75/100 risk while paying 0.4% APR. Meanwhile, volatile majors paid multiples of that with lower recorded risk. Scorecards are fine for screening, but this was a fees-follow-flow week.
Fees follow flow. Not scorecards.
Where capital actually rotated
Rotation showed up in vol/TVL explosions. Five pairs carried 15–25x daily volume relative to their TVLs:
- ANTHROPIC-USDC (Meteora DLMM): TVL $51,000, 24h vol $1.25M, fee APR 500.0%.
- SPCX-SOL (Orca Whirlpool): TVL $79,000, 24h vol $1.32M, fee APR 235.9%.
- SPCXx-USDC (Orca Whirlpool): TVL $99,000, 24h vol $1.56M, fee APR 182.3%.
- NVDA-PUSSY (Raydium AMM): TVL $159,000, 24h vol $2.48M, fee APR 174.1%.
- MUSK-USDC (Meteora DLMM): TVL $107,000, 24h vol $1.65M, fee APR 50.8%.
Interpretation:
- This is fast money. Branding-adjacent tickers and wrappers ping-ponged through thin TVL, juicing fee APRs for a short window.
- DLMM pairs like ANTHROPIC-USDC and MUSK-USDC can pay if (and only if) you actively move bins with price. Passive LPs get stranded as price walks away. Read the bin math before you size the risk.
- On Whirlpool or simple AMMs, you’re trading adverse selection versus spread. When these names gap, your inventory gets skewed at the worst time. Great for takers, not for casual LPs.
Net-net: the rotation was real but unstable. Treat it like a day job or skip it. If you prefer signal over noise, keep an eye on our live AI Signals; they surface the flow spikes early without asking you to babysit Telegram all day.
Risk-adjusted standouts
A calmer picture emerges when you look at size, flow, and measured risk together. The week’s best risk-adjusted set:
- XDC-USDC on Raydium CLMM: TVL $33.69M, 24h vol $445,000, fee APR 0.0%, farmer score 18/100, risk 4/100.
- SOL-USDC on Orca Whirlpool: TVL $24.36M, 24h vol $73.67M, fee APR 47.4%, farmer score 64/100, risk 16/100.
- ZEC-USDC on Orca Whirlpool: TVL $3.94M, 24h vol $11.97M, fee APR 190.7%, farmer score 85/100, risk 23/100.
- SOL-HYPE on Meteora DLMM: TVL $675,000, 24h vol $9.38M, fee APR 199.5%, farmer score 91/100, risk 26/100.
- SOL-USDC on Raydium AMM: TVL $17.13M, 24h vol $2.78M, fee APR 14.3%, farmer score 49/100, risk 15/100.
Three practical reads for LPs:
1) Majors paid, and they were manageable
SOL-USDC on Orca printed 47.4% fee APR with a 16/100 risk score at $24.36M TVL. That’s a real, scalable setup. If you’re running Whirlpool ranges, consider 1–2% bands during calm hours and widen into event windows; pull quotes if realized volatility overshoots your plan. The Raydium AMM variant paid less (14.3%) but is friendlier if you don’t want to micromanage ticks.
2) Liquid alts had a window
ZEC-USDC throwing 190.7% fee APR at $3.94M TVL says “crowded takers, still workable.” This is where active Whirlpool LPs can make a week in a day. If you play it, time-box your risk and pay yourself when spreads compress. Don’t let a good session turn into a week-long IL grind.
3) DLMM memes are not passive income
SOL-HYPE paid 199.5% on $675,000 TVL with $9.38M trading through. That’s a dentist-drill PnL profile: sharp, precise, painful if you flinch. It belongs to people who move bins as price migrates, not to weekend warriors. If you insist, size tiny and set exits before you click supply.
One more contrast for context: XDC-USDC parked $33.69M with 0.0% APR and a 4/100 risk score. That’s fine as a quasi-cash sleeve if you accept the opportunity cost. If SOL majors hold double-digit fee APR into next week, capital will keep rotating out of this kind of deadweight.
Want a running list of live, fee-paying pools instead of static screenshots? Bookmark Best Solana pools (live). That page updates all day and is faster than waiting for next Sunday.
News that matters for LPs
No headline dropped on chainwide mechanics this week, so the news is microstructure:
- Fee math still rules your PnL. Orca Whirlpool fees and ticks determine whether you get paid to warehouse risk or just bleed inventory. If you haven’t re-read the docs lately, take five minutes: Orca Whirlpools docs.
- DLMM requires intent. Bins concentrate liquidity by design; you must reposition or you’re a spectator. The primer is short and worth it: Meteora DLMM docs.
- Listings and narratives are moving volatility, not emissions. The week’s biggest fee prints came from majors and narrative names; the highest farmer scores were often quiet. Treat emissions as gravy, not a thesis.
Put differently: change your process, not your beliefs. Track flow, predefine ranges, and keep cash that wants to earn in pools that actually trade. The rest is vibes.
What I’d watch next week
- SOL majors persistence: If SOL-USDC fee APR on Whirlpool holds north of 30% with multi-day 8-figure volume, rotate from dead stables and widen bands into macro events. Pull if realized vol spikes beyond your band assumptions.
- ZEC follow-through: If ZEC-USDC continues to clear $10M/day on sub-$5M TVL, it stays a high-conviction active LP trade. Harvest often.
- Memecoin drift: ANTHROPIC, HYPE, MUSK, SPCX variants. Great for takers. For LPs, treat as two-hour trades on DLMM bins with defined stop-loss exits. Expect gaps.
- Stable wrappers: USD+-USDC and USD.infra-sUSD.infra only make sense if volumes reappear. Until then, they’re cash buffers, not yield engines. If they print emissions (not this week), reassess quickly.
- Big but asleep: XDC-USDC at $33.69M TVL and 0.0% fee APR is capital waiting for a catalyst. If fee APR prints a real number (not a dust flicker), you’ll probably see it on the AI Signals feed first.
If you want a couple of live positions to analyze in your own notebook, start with the four we referenced at the top of this email: USD+-USDC, USD.infra-sUSD.infra, BOOP-USDC, and WBTC-Satfi. They’re all 100/100 farmer score pools this week, and they all told the same story: scorecards don’t equal fees. If you want the long-form reasoning, we’ve argued this before in Orca Whirlpool’s Edge: Volatile Majors Pay, Stables Don’t.
FAQ
Why did high Farmer Score pools pay so little this week?
They lacked flow. USD+-USDC cleared $7 on $200,000 TVL and printed 0.0% fee APR. USD.infra-sUSD.infra moved $325 on $814,000 and paid 0.4%. Fees follow trades through your range, not checkboxes.
Is SOL-USDC still the best place to LP right now?
It was the clear payer this week on Whirlpool at 47.4% fee APR and heavy volume. Whether it stays that way depends on next week’s realized volatility and trader demand. Be ready to tighten or widen ranges as the tape dictates.
How do I approach DLMM meme pairs like SOL-HYPE or ANTHROPIC-USDC?
Actively. Use narrow bins near mid, reposition as price walks, and predefine exits. Treat them as hours-long trades. If you can’t watch them, don’t LP them.
What’s a sane setup for majors on CLMMs like Whirlpool?
Start with 1–2% bands around mid during quiet hours, widen into events, and time-box exposure. Harvest when spreads compress or your range underperforms versus a simpler AMM baseline.
Should I park stables in quiet pools for “safety”?
Only if you accept near-zero fee income and the tail risks (depegs, oracles, queues). Size them as cash buffers and monitor flow daily. If fee APR lights up elsewhere, rotate.
Where can I find the live list of fee-paying Solana pools?
Bookmark Best Solana pools (live) and keep an eye on AI Signals. They’re faster than waiting for the next wrap.
