PAID Market Cap Surpasses $40 Million Following Automated Fee Distribution

PAID has distributed $1.44 million to Xmoney users through its automated fee-sharing tool for token creators. The protocol, which launched its token issuance feature on Pons on the 19th, allocates 80% of fees to X users and uses 20% to buy back PAID tokens with SOL. The token's market cap on Solana has exceeded $40 million, marking a 24-hour increase of over 360% with a trading volume of $32.8 million. On-chain data indicates that DeGods founder Frank DeGods invested approximately $145,000 to $169,000 in PAID four days ago.