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 integrated with Hatch & Meridian for DLMM liquidity; generated $217k revenue, 8th on Solana.
Integrated with Hatch, a Solana token launcher, which uses Meteora DLMM pools for liquidity provision.
Integrated with Meridian, an autonomous AI agent that acts as a non-custodial liquidity provider for Meteora DLMM pools on Solana.
Integrated with HeyAnon's Model Context Protocol (MCP) framework, enabling agent-based interactions with Meteora's protocol alongside other DeFi platforms.
Generated $217,936 in revenue during the week of March 30 to April 5, 2026, ranking 8th among Solana apps by revenue.
Hosts EMBLEM's AMM provider; will list EMBLEM token on April 14, 2026, with launchpad infrastructure.
Token is down 81.6% from all-time high as of April 2026.
Holds approximately 13% of total supply consisting of 104 million liquid tokens, 30 million locked in Streamflow, and an additional 0.5% in Meteora.
Pursuing integration with Seeker ecosystem's Solana dApp Store to serve as burn infrastructure for trading volume from over 100,000 users.
Allocates 50-100 million tokens toward potential tier 1 exchange listing negotiations including Coinbase.
Confirmed that funds and vaults do not interact with Drift's protocol following a security incident affecting Drift, and treasury has no deployment into Drift or integrated vaults.
Operates with constrained operator system where protocol fee operator can only withdraw to hard-coded treasury address with limited swap capabilities, and pool operators can only perform restricted admin functions like whitelisting token2022 tokens.
Smart contracts have been audited 4 times each by Zenith and other auditors.
Achieved single-day DEX volume of $1.7 billion on 2026-03-31, surpassing the previous high of approximately $550 million set on 2026-01-14.
Powers liquidity pools for SUI trading on Solana through integration with Sunrise, enabling trading from launch day.
Generated $302,568 in revenue during the week of March 23-29, 2026, ranking 8th among Solana applications.
Integrated into EitherwayAI's launchpad system where tokens pair with $EITHER via Meteora's Dynamic Bonding Curve with zero upfront liquidity required, and auto-migrate to Meteora DAMM v2 pools upon reaching threshold with permanently locked LP tokens.
Generated $4.2B in AMM trading fees during 2025, alongside Uniswap and Raydium.
MetaDAO proposes FUTARDIO/USDC DLMM liquidity pool with $10,000 treasury funds for conditional token markets in its futarchy governance, leveraging DammV2.
Integrated with Backpack for liquidity pools supporting the BP token launch on March 23, 2026.
Launched Metsumi-chan, an AI devrel assistant, in partner Telegram chats to support integration teams.
Volume per active address tripled from approximately $800 to $2,800 since January 2026.
Generates $149,473 per hour in fees, with 90.75% distributed to liquidity providers.
Launched DAMM v2 Auto-Compounding Fees, enabling pool creators to set auto-reinvestment rates for fees into liquidity.
Achieved $183B DEX volume in 2025, up from $72B in 2024, and $280B total spot volume over 3 years.
Generated $14.97M in 30-day fees and $193M in trailing twelve month fees, ranking third among spot DEXs.
Concluded LP Anytime, Anywhere Challenge with SuperteamSG, receiving over 100 submissions.
Operates with a token-only structure without an equity component. Partners with Bedrock Foundation for a legal framework for equity structures, going live in March 2026.
Has a PIGEON/SOL liquidity pool deployed at address qHcjwRN2wKJHy8BdcgrQZjLutFhBWPNKSgUWitb929B.
Bought back 3% of the MET supply in 2025.
Ranked #3 among top DEXs by monthly token listings with 131,510 listings in a CoinGecko comparison.
Hosts first-ever Annual Token Holder Report for 2025 on 2026-03-13, covering $148.6M revenue, treasury balances, and operating expenses.
Launched DAMM v2 SOL-denominated Portfolio PNL on Edge, tracking live and historical DLMM positions and real-time liquidity in SOL or USD.
Launched Dynamic Terminal, Create UI for DAMMv2 pool setup and liquidity addition, and a unified Portfolio dashboard for LP positions tracking on March 5, 2026.
Meteora is featured in a live discussion panel on March 5, 2026 at 4PM UTC hosted by FhenixIO about private computation in DeFi, payments, and institutional adoption.
Upgraded Dynamic Terminal for DLMM pools with chart-based range setting and LP position visualization on Solana.
Coinbase Markets suspends MET-PERP perpetual futures trading on Coinbase Advanced and Coinbase International Exchange on 2026-03-16 at 13:00 UTC, with all open positions automatically settled.
Built a framework for tax tokens on Solana.
Locked 108 million tokens permanently into Meteora pool, adding liquidity to DAMM v2 pools.
Partners with MCG (Mynt Crypto Group) as a sponsor for its MCGlive stream, covering on-chain finance, AI, and tech, reaching 21,000 peak live viewers in November 2025 and averaging 15-20,000 weekly viewers.
Operates a point system generating fees through DLMM and liquidity provision after TGE.
Launched DAMM v2 with Ape In feature, integrating BurnRouter in Jupiter's routing table. Features an automatic burn mechanism burning tokens on sell transactions, Raydium fee cycles, and router swaps.
A single wallet takes a large prediction market position on Meteora and shorts MET on Hyperliquid.
A trader opened a 3x short position on 186,435 MET (worth $33,000) 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.
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 offer pre-IPO stocks, including Anthropic, SpaceX, and Anduril, partnered with Jupiter Exchange.
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.
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.
Proposed a buyout structure for Mercurial stakeholder vesting to create counter buy pressure against any selling, achieving a net neutral effect on 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 March 2026 via Santiment's GitHub data, decreasing from previous month.
Integrated Openclaw for AI agent trading infrastructure, enabling cross-AMM arbitrage detection, DCA/TWAP strategies, and 27 studio actions (DBC launches, DLMM pools, DAMM, Alpha Vault, Presale Vault). Also integrated a partner-facing HTTP gateway and TypeScript SDK for direct execution via OpenAPI, simulation, transaction packaging, and contract tests, operating alongside Jupiter, Raydium, and Pump.fun.
Blowfish, an AI agent-specific token launchpad, operates on Meteora.
Reached $8.8B total volume in January 2026, an 80% increase, with volume at all-time-high levels as of February 2026.
Generated $8.8M in revenue during January 2026.
Completed first pumpfun migration's 90-day claim period on Migratefun March 17, 2026, with full end-to-end migration scheduled for April 16, 2026. Deployed first USD1 liquidity pool.
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.
Integrated with Sunrise_DeFi and Wormhole bridges to enable native AVAX trading on Solana with lower fees and slippage.
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.
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.
Fair launched at $500,000 market cap in July 2024 on Meteora and achieved over $1 billion in lifetime trading volume.
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.