As this table of mints and burns would show, if we maintain the current velocity of volume this EPOCH renVM is looking at MINT volume that will surpass Epoch 8 when we began MINT fee raising, this might suggest that the lowering of the volume was more related to the inflows and outflows of DEFI rather than our raising of the fees.
Thus our fees are too low. Based on the agenda set forth in RIP-000-001, and following through to RIP-000-003, we can proceed with raising MINT fees to find a point where we actually impact volume materially.