The SOL-USDC pool’s top position with a 45.20% APY is driven by high trading volumes and demand for liquidity, rewarding LPs significantly. Raydium’s unique AMM model combines liquidity with a central order book, optimizing capital efficiency and enhancing yield potential. The mSOL-SOL pool’s 28.90% APY reflects the increasing staking activities as more users convert SOL to mSOL for staking rewards without sacrificing liquidity. USDC-USDT’s lower APY of 12.30% is typical for stablecoin pairs, offering safer returns with higher TVL due to minimized impermanent loss risks. As Solana’s network capacity expands, these pools benefit from reduced transaction costs and increased user adoption.