what's meteora?
Meteora is a decentralized exchange (DEX) and liquidity protocol built on the Solana blockchain, designed to provide efficient yield generation and trading capabilities. It serves as a composable yield layer, enabling optimized liquidity provision through innovative features like Dynamic Liquidity Market Maker (DLMM) pools, which allow for precise liquidity placement and dynamic fee adjustments to maximize returns for liquidity providers. Key offerings include Alpha Vaults for automated yield strategies, single-sided liquidity options to reduce impermanent loss risks, and support for token launches via integrated AMMs. Meteora powers significant DeFi activity on Solana, including prediction markets through partnerships like PMX, cross-chain liquidity for assets like Hyperliquid's HYPE, and fair launch mechanisms for projects such as the TRUMP coin. The protocol emphasizes security, scalability, and composability, positioning it as a Tier 1 DEX alongside protocols like Orca and Curve Finance, with billions in trading volume facilitated. Its native token, MET, is upcoming with a Token Generation Event (TGE) anticipated to drive further ecosystem growth and incentives for liquidity providers.
Meteora added a new $BIGTROUT liquidity pool by @BigTrout300, reinvesting fees into Meteora liquidity.
Backed MCGlive, a trader-focused research livestream that reached 21,000 peak live viewers in November 2025 and averages 15-20,000 weekly viewers.
Has a live point system where users generate fees through DLMM and by providing liquidity.
Released DAMM v2 with Ape In feature, the first architecture on Solana with immutable, atomic burn routers at the liquidity layer.
A single wallet takes a large prediction market position on Meteora and shorts MET on Hyperliquid.
Faces insider trading allegations, with ZachXBT publishing an investigation February 26, 2026, related to $TRUMP and $MELANIA meme coin launches where insiders earned $1.2B while retail lost $4.3B. Has 34% probability on Polymarket, with a trader betting $5,891, tied to front-running narratives through prediction market bets and short positions.
A trader opened a 3x short position on 186,435 MET (worth $33,000) on Hyperliquid.
Launches UI feedback bounty program for DLMM design, offering 3,000 USDC total, ending 2026-02-25.
Featured in Solana Foundation's curated list of AI skills and tools for Solana development alongside Drift, Kamino, Pumpfun, Raydium, Helius, and Metaplex.
Integrated with PreStocks to enable trading of PreStocks on the Meteora platform.
Scored 40/40 on the Blockworks Token Transparency Filing (TTF), achieving a perfect transparency rating.
Included in Lightspeed coverage program by Solana Foundation and Blockworks, which provides quarterly institutional-grade investor updates for top Solana ecosystem tokens and apps to funds with over $50 million in assets.
Generated $648 million in annualized fees.
Proposed stopping all team on-chain emissions, with future team distributions coming from the treasury with full on-chain visibility.
Proposed a buyout structure for Mercurial stakeholder vesting to create counter buy pressure against any selling, achieving a net neutral effect on JUP.
Plans to continue ASR (Active Staking Rewards) to reward long-term stakers.
Completed buyback of almost 28 million JUP in January, which annualizes to 336 million JUP.
Listed as MET/USD perpetual trading pair on GMX with up to 25x leverage, available on Ethereum, BNB Chain, Arbitrum, and Base.
Collaborated with GVRN to build legaltech, frameworks, and various projects.
Ranked 9th among Solana ecosystem projects by development activity in Santiment's monthly analysis, with a decrease in ranking from the previous month.
Integrated into a cross-AMM arbitrage detection and DCA/TWAP strategy system alongside Jupiter, Raydium, and Pump.fun, developed by the Openclaw agent for AI agent trading infrastructure on Solana.
Blowfish, an AI agent-specific token launchpad, operates on Meteora.
Generated $8.8M in revenue during January 2026.
Reached $8.8B total volume in January 2026, an 80% increase, with volume at all-time-high levels as of February 2026.
Integrated DBC migration pathway with MigrateFun, scheduled for February 18, 2026.
Will introduce Bedrock Foundation and LFs/FO for launchpads to plug in more buy demand at Consensus HK conference on 2026-02-10 to 2026-02-12.
Head of BD presents at Solana Consumer Day in Hong Kong on February 10, 2026, discussing how Meteora users power the Solana economy.
Released January 2026 monthly report covering fees and revenue performance across partners and LPs.
Added new liquidity pool with fees reinvested directly into Meteora liquidity by whale @BigTrout300 for the $BIGTROUT token.
Participated as a featured partner in deep dive sessions at Jupiter's CatLumpurr conference on February 2, 2026.
Generated $72.1M in fees during January 2026, ranking first among DEXs by fees on DefiLlama with majority distributed to liquidity providers, a 273% increase from previous month.
Brought Meteorite Collective under the Meteora umbrella as part of 2026 strategy, forming Meteora Eco.
Powers liquidity for native asset trading on Sunrise, a Solana-based platform.
Integrated with Solomon Labs' YaaS (Yield as a Service) to enable yield streaming on USDv inventory within LP positions, with the USDv × GOLD pool on Meteora serving as the first production implementation in partnership with Oro Gold.
Runs a $10K Ape in Challenge incentive program ending on approximately 2026-01-24.
Achieved 50% user retention rate.
Reached 329,000 active addresses in January 2026, growing from 2,000 addresses in October 2023.
Launched a Moonbirds SBT claimable on Solana for liquidity providers who had positions between December 1, 2025 and January 15, 2026, as well as for Moonbirds, Mythics, and Oddities NFT holders.
Holds a TVL of $426.32 million across its DLMM protocol on Solana.
Powers BagsApp's AI-based tokenization platform with advanced technology, enabling the platform to generate over $21,000,000 in creator earnings.
Supports the liquidity pools and launch infrastructure for Zora's bridge to Solana.
Upgraded Dynamic Bonding Curves to introduce time-locked LP tokens that allow deployers to lock liquidity while still earning fees, in addition to existing perma-lock features.
provides liquidity infrastructure for the $TGMETRICS to $BLIPS token migration, with the migration window opening on 2026-01-27 and running for two weeks
Backed Fight ID token launch as an investor or advisor through weremeow
Airdrop claim period closes on January 21, 2026.
Fair launched at $500,000 market cap in July 2024 on Meteora and achieved over $1 billion in lifetime trading volume.
Sunsetting the SEND token, with holders able to burn tokens by January 31st, 2026 to reserve future allocations in new projects, while SEND Foundation holding approximately 50% of supply will not participate in the community burn.
Generated $1.25 billion in fees during 2025, becoming the DeFi protocol with the highest fee generation for that year.
Risk Balancers net bought over $218,000 of MET in the 24 hours ending January 8, 2026, ranking among the top Smart Money inflows during that period.
Ranked as the largest Solana DEX by trading volume, ahead of PumpFun, Raydium, and HumidiFi as of January 6, 2026.
Distributed $25,000 in airdrop rewards during 2025
hosts a secondary liquidity pool for JupUSD, Jupiter's new stablecoin launched in partnership with Ethena
Generated $1.25 billion in revenue during 2025.
Released Anti Sniper Suite including rate limiter, fee scheduler, and alpha vault for launch protection.
Launched PnL tracking for DLMM and DAMMv2 positions, with real-time tracking for active positions and full results for closed positions, including portfolio-wide view for closed positions from December 2nd, 2025.
Launched Harvest Moon, a free-to-play experience where users collect $MOON tokens to access DeFi and reward opportunities.
A proposal was submitted to remove 90% of liquidity from Loyal's single-sided LP on Meteora, with harvested LOYAL tokens to be burned and USDC sent to Loyal treasury.
Ranked as the 3rd highest fee-generating protocol in DeFi over the past year.
Circulating market cap is lower than 2025 revenue
Ranked 6th among Solana ecosystem projects by development activity in a December 2025 ranking by Santiment, with the ranking rising compared to the previous month.
Meteora partners with Trends platform in a fee-sharing arrangement receiving 20% of the platform's 1% total fees.
Platform generates $1M in daily fees with current market cap at $115M and fully diluted valuation at $236M.
$MET token will undergo changes soon following token mechanism improvements applied to MetaDAOProject and LaunchOnSoar.
Meteora announces $10.6M MET token buyback representing approximately 2.3% of total MET supply.
Launched TRUMP and JUP tokens using its DLMM bin structure.
Project enters Phase #4 called "Dominate" after completing Phase #3 which included TGE and Met Dhabi.
MET token listed on Upbit exchange.
Meteora releases new LP terminal tool for liquidity pool screening with algorithmic filtering, multiple tabs for top performers/new tokens/trending, and integrated analytics. Protocol identified as leading DeFi winner in weekly market overview.
$MET token dumps continuously as community members express significant disappointment with the team and token releases at Breakpoint conference.
Partnership announced with americadotfun.
Protocol generated $17.1M revenue over October-November with 71% profit margin and $12.14M in earnings, translating to a P/E ratio of approximately 1.8 at current $130M market cap.
Platform announces $10M in MET token buybacks with 2.3% of supply already purchased back in one month.
Platform introduces Comet Points.
Platform rolls out DLMM V2 upgrade with auto vaults, launches two-part incubator program for builders, and LP Army adds 1:1 coaching sessions.
Platform announces DLMM playground for risk-free LP practice and introduces Metsumi-chan DefAI copilot feature.
Pool discovery feature goes live with real-time updates of new and trending pairs, ape-in button with customizable presets for discovering and entering LP positions.
DAMM V2 upgrade features include permissionless farms, price charts, zap in/out functionality, and market cap trading fees coming soon.
Additional discretionary buybacks planned following the completed $10.67M token buyback program, with management stating long-term investment commitment.
Platform completes $10M USDC token buyback accumulating 2.3% of total supply and introduces Comet Points economy system where users earn consumable points by staking $MET and using the product, redeemable for airdrops, presales, and services.
DLMM upgrade unveiled at Met Dhabi adds onchain limit orders, quote-only fees, zap-in liquidity, rebalancing tools, auto vaults, DAMM v2 upgrades, and discovery page for early pool spotting, with rollout starting Q1 2026.
Met Dhabi Day takes place today with 850+ registrations and walk-ins available starting at 10 AM.
Platform announces "next chapter" event scheduled for tomorrow.
HumidiFi's $WET token launches with liquidity pools now live on the platform following the completed three-phase token sale. Token claims are active for successful sale participants.
HumidiFi's $WET token sale on the platform attracted 60,000+ participants with 4000+ successful purchases, utilizing anti-bot technology co-developed with Temporal that achieved 95% real user participation rate.
Platform ranks 2nd on Monad despite TVL below $1M.
assetdash and MCGlive will stream live coverage from Met Dhabi and Solana Breakpoint, with 3 mainstage discussions scheduled at Met Dhabi.
MON/USDC DLMM pool achieves 12.5x Volume to TVL ratio, demonstrating high volume capture efficiency with ongoing 4-digit APR rewards from MON and JOE incentives.
Multiple projects including stardotfun, LaunchOnSoar, StreetFDN, and MetaDAOProject are building on the platform for institutional equity plans and cypherpunk applications.
Met Dhabi event is oversubscribed, requiring a mandatory 200 MET ($60) refundable deposit to reserve slots.
UI downtime affects the platform and other major Solana protocols (Jupiter, Raydium) due to widespread Cloudflare infrastructure outage.
MON/USDC liquidity pool on Monad chain reaches up to 45,500% APR in MON and JOE token rewards through DLMM deployment within the active reward range.
Listed as an official partner for Solana Consumer Day, a curated gathering for founders and builders shaping Solana's next-gen consumer apps.
New ecosystem policy announced: all incubated teams will use $MET token instead of creating separate tokens, consolidating value to the main ticker.
At Met Dhabi event, Meteora plans to unveil new technology designed to supercharge LP Army fee printing.
Bitdealer completes full stack upgrade and opens launchpad, with all launched tokens receiving automatic permanently-locked $BIT liquidity on Meteora.
Oro integrates with Meteora DLMM pools to enable instant swaps for GOLD token, with Cleopetra building on Meteora infrastructure to route USDC/GOLD liquidity pools as part of Meteora S2 farming strategy.
User reports persistent unresolved bug on Meteora platform affecting LP functionality for newer coins and non-traditional coin pairs, occurring nearly 99% of the time and causing users to miss trading opportunities worth significant amounts.
Unclaimed MET tokens are distributed to active Discord users, with at least 5 members receiving 6,250 MET ($2,000 worth) for minimal engagement.
$MET token now available for trading with up to 5x leverage on Drift platform.
Meteora backs Bitdealer meme launchpad, which completes TGE and lists $BIT token on KuCoin and Jupiter Exchange with under $10M initial market cap and $35M FDV.
Jupiter partners with Meteora to launch token $WET on December 3 using a new launch standard called DTF, which is powered by Meteora infrastructure.