📅 Market analysis for November 2, 2026 · data as of 14:00 UTC · powered by live Wealthville Scores
Ten pools, all 100/100 farmer scores — but only a few actually earn you fees.
Today’s risk-adjusted leaderboard
Every pool on the board prints a 100/100 farmer score. That’s your cue to stop relying on the headline and start reading the microstructure: TVL depth, fee sustainability, and volume relative to TVL. When those line up, fees drop into your wallet. When they don’t, you’re just warehousing risk.
My bias is simple: I’d rather hold a smaller position in a pool that actually captures fees than size up into a silent book. Nonzero fee APR + sane risk + decent turnover wins. Here’s where that math points today:
- CETES-USDC (Orca Whirlpool) — TVL $100K, 24h vol $57, fee APR 0.8%, risk 45/100. Clean standout because it pays today. Turnover/TLV is 0.057%. Not blazing, but fee APR prints and risk sits mid-pack.
- HUND-SOL (Raydium AMM) — TVL $53K, 24h vol $39, fee APR 0.2%, risk 73/100. Fee-positive with 0.0736% turnover/TLV, but the risk is hot. Keep size tight if you touch it.
- SOL-DEAD (Orca Whirlpool) — TVL $129K, 24h vol $10, fee APR 0.2%, risk 50/100. Fee-positive, modest turnover (0.0078%), moderate risk. Boring can be good if you manage range and gas your time.
- SOL-WALTER (Raydium AMM) — TVL $68K, 24h vol $46, fee APR 0.1%, risk 74/100. Some fees arrive, 0.0677% turnover/TLV, but risk is among the highest here. This is a dartboard if liquidity thins.
- SPACEX-XAI (Meteora DLMM) — TVL $83K, 24h vol $529, fee APR 0.0%, risk 48/100. Excellent churn (0.637% turnover/TLV), yet fee APR reads 0.0%. That screams “out-of-bucket” liquidity or misaligned bins. Great for traders, frustrating for LPs unless you reposition precisely.
Everything else? Either safe but silent, or risky without fee print-through:
- PAIN-SOL (Meteora DLMM) — TVL $787K, 24h vol $80, fee APR 0.0%, risk 43/100. Depth is real, turnover is microscopic (0.0102%), and no fee print.
- yUSD-USDC (Meteora DLMM) — TVL $263K, 24h vol $12, fee APR 0.0%, risk 21/100. Safest score on the sheet, but 0.0046% turnover/TLV and no fee APR today.
- WBTC-tBTC (Raydium CLMM) — TVL $54K, 24h vol $154, fee APR 0.0%, risk 75/100. Turnover/TLV is a hefty 0.2852%, yet fee APR says 0.0%. If your range is off even a notch, you’re a spectator.
- BOOP-USDC (Orca Whirlpool) — TVL $182K, 24h vol $0, fee APR 0.0%, risk 39/100. Deep but idle book. You’re warehousing.
- SOL-DEVIN (Raydium AMM) — TVL $76K, 24h vol $0, fee APR 0.0%, risk 70/100. Zero churn, zero fees, high risk. That’s not a setup.
Fees pay you. Emissions pay you until they don’t.
If you prefer a live screen with this framing, keep a tab on Best Solana pools (live) and refresh against your own thresholds.
Pool-by-pool notes: why each scored where it did
Meteora DLMM
- PAIN-SOL — TVL $787K offers cushion, but $80 in 24h volume barely tickles spread. With fee APR at 0.0% and risk 43/100, this reads like parked capital. On DLMM, if your bins don’t get hit, you don’t earn; depth alone can’t carry you.
- yUSD-USDC — Classic stable pair with the day’s lowest risk at 21/100. But $12 of 24h volume on $263K TVL won’t cover gas, let alone slippage risk. Fee APR sits at 0.0%. If you’re farming stables for fees, this just isn’t the day.
- SPACEX-XAI — TVL $83K, $529 in 24h volume, risk 48/100. Turnover is the best here (0.637% of TVL), yet fee APR shows 0.0%. DLMM precision matters; if your bins miss the trading band, you get none of that churn. If you can monitor and reposition, this could flip from zero to hero quickly.
Orca Whirlpool
- BOOP-USDC — With $182K TVL and $0 volume, there’s nothing to capture. Risk 39/100 is fine, but without flow, even tight ranges won’t help. Fee APR is 0.0%.
- SOL-DEAD — $129K TVL, $10 24h volume, fee APR 0.2%, risk 50/100. Small positive fees on a quiet day hints some routing or range overlap is working. For LPs who insist on fees today, it’s a cautious yes with tight ranges.
- CETES-USDC — $100K TVL, $57 in 24h volume, fee APR 0.8%, risk 45/100. The cleanest fee print on the sheet. Not a barnburner, but you are getting paid without taking top-tier risk.
Raydium (AMM + CLMM)
- SOL-DEVIN (AMM) — $76K TVL, $0 volume, fee APR 0.0%, risk 70/100. High risk, no fees. That combination drains patience and bankroll.
- SOL-WALTER (AMM) — $68K TVL, $46 24h volume, 0.1% fee APR, risk 74/100. Turnover/TLV is 0.0677%. You get some fees, but the tail risk on thin memecoin books is real.
- WBTC-tBTC (CLMM) — $54K TVL, $154 24h volume, 0.0% fee APR, risk 75/100. Turnover/TLV at 0.2852% usually produces fees if your range is set intelligently. Today it didn’t. If you’re out of range by a hair, you’re dead money on CLMMs.
- HUND-SOL (AMM) — $53K TVL, $39 volume, 0.2% fee APR, risk 73/100. At least it pays. Still, the risk number is shouting at you to keep size disciplined.
The contrarian take: ignore TVL, demand nonzero fee APR
There’s a lazy habit in LP land: treat TVL like quality. It’s not. Today’s biggest pool by TVL — PAIN-SOL at $787K — printed $80 of volume, 0.0% fee APR, and a tiny 0.0102% turnover/TLV. Meanwhile, a small-ish book like CETES-USDC actually paid 0.8% fee APR with $57 of volume. Fees are your scoreboard. TVL is field size.
If a pool shows sustained 0.0% fee APR, you’re providing liquidity to sentiment, not trades. That can be fine if you’re being compensated by incentives, but incentives end, and your PnL reverts to fees and price risk. The last time this dynamic blew up, it looked exactly like emissions banners on quiet routes. If you’ve forgotten how that movie ends, reread Stop Chasing Emissions: Fee APR Is the Yield That Lasts.
Zero-fee puzzles: why turnover doesn’t always pay you
Two cases jump out: SPACEX-XAI and WBTC-tBTC. Both churn. Both show 0.0% fee APR. Why?
- DLMM bin miss — On Meteora DLMM, you choose bins. If trades route outside your active bins, you don’t capture fees even as the pair “trades a lot.” Read the DLMM model if you’re tuning bins intraday: Meteora DLMM docs.
- CLMM range miss — On CLMMs like Orca Whirlpools, your range needs to cover where trades happen. If the market skims edges you didn’t cover, you’re sidelined. Reference: Orca Whirlpool docs.
The fix is boring: monitor ranges, move them, and accept that some days the spread and routing don’t reward you. That’s not a reason to force size; it’s a reason to keep dry powder for when fee APR flips green.
High headline APR, low fee print: the traps
Emissions-heavy Raydium AMM pairs can look like a gift — until you check fee APR. Today’s suspects:
- SOL-DEVIN — 0.0% fee APR, $76K TVL, $0 volume, risk 70/100. That’s a sinkhole without incentives.
- SOL-WALTER — 0.1% fee APR with $68K TVL and $46 volume, risk 74/100. Better than zero, still thin.
- HUND-SOL — 0.2% fee APR with $53K TVL and $39 volume, risk 73/100. Pays something, but risk is near the top of the sheet.
If you insist on farming these, demand nonzero fee APR for at least a few consecutive days and track turnover/TLV trends. You can also set alerts via AI Signals (free) to flag fee flips or volume spikes without staring at charts all day.
Actionable setups and thresholds
Your cutoff rules of thumb
- Fee APR must be nonzero — even 0.1% tells you the book is actually earning. Zero is a pass unless you’re explicitly playing emissions (with a strict plan).
- Turnover/TLV sanity — Below 0.02% is “quiet.” Above 0.1% is “interesting.” Above 0.3% should print fees if your bins/ranges are correct.
- Risk cap — Anything at 70+/100 belongs in your speculative sleeve only. Position like it can go to zero liquidity for a day.
- Depth context — TVL helps with slippage and soak capacity, but depth without flow is storage, not yield.
Today’s workable plays
- Base earners — CETES-USDC and SOL-DEAD show positive fee APR with mid-tier risk. Size modestly and adjust ranges if spreads compress.
- Spec sleeve — SOL-WALTER and HUND-SOL for those chasing small fee prints with high risk. Keep tight stops on notional and time-in-pool.
- Bin/range precision plays — SPACEX-XAI and WBTC-tBTC have enough churn to matter if you can actually sit in the trading lane. If you can’t monitor, skip.
- Pass — PAIN-SOL, yUSD-USDC, BOOP-USDC, SOL-DEVIN until fee APR stops printing 0.0%.
Want a broader lens across TVL and sustained fee print? Keep a second tab on Top Solana pools by TVL and cross-check against fee APR trends on your watchlist. If you prefer hunting, the Opportunities feed surfaces new pairs when they first start paying.
FAQ
How are these pools “ranked” if every farmer score is 100/100?
They’re tied on farmer score, so we break ties by what actually pays: nonzero fee APR, turnover-to-TVL, and then risk. If two pools both pay fees, the lower-risk, steadier turnover pool sits higher in practice.
What does 0.0% fee APR mean on a day with decent volume?
Either your liquidity didn’t sit where trades happened (DLMM bins or CLMM ranges missed), or routing spread didn’t accrue to LPs. It’s a positioning problem, not just a market-activity problem.
Is high TVL good or bad for LPs?
TVL reduces slippage and can signal stickier books, but it can also dilute fee share when turnover is low. If fee APR is 0.0% and turnover/TLV is tiny, TVL just means you’re storing tokens, not earning.
What turnover/TLV ratio should I look for?
Sub-0.02% is usually too quiet to pay consistently. 0.1%–0.3% is workable if fee APR is nonzero. Above 0.3% suggests fees should print if your bins/ranges actually cover the trading lane.
Why are Raydium AMM memecoin pools flagged as traps?
They can show big emissions, but without flow and fee APR, PnL depends on incentives and price swings. Today, SOL-DEVIN and others show either zero or tiny fees with high risk scores — not a durable setup.
Where can I monitor fee flips without babysitting charts?
Set alerts via AI Signals, and keep a watchlist on Best Solana pools (live). When fee APR turns positive alongside healthy turnover, that’s your green light.
