Performances
RD Popularity Index
RD Growth Index
| 1h | 24h | 7d | 30d | 60d | 90d |
|---|---|---|---|---|---|
| 0.07% | 1.05% | 15.20% | 10.24% | 38.83% | 0.03% |
Revenue & Burn
Protocol income
$577.99KBuyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $577.99K | -- | -- | -- |
| Oct 2026 | $3.75M | -- | -- | -- |
| Sep 2026 | $6.45M | -- | -- | -- |
| Aug 2026 | $2.04M | -- | -- | -- |
| Jul 2026 | $1.7M | -- | -- | -- |
| Jun 2026 | $2.02M | -- | -- | -- |
Comparison
Sub Organizations
Tokenomics
Unlock Progress
Unlock Event
| Date | Unlocked Token Amount | Unlocked M.Cap | M.Cap (%) | Allocation |
|---|---|---|---|---|
| Nov 23, 2026 | 4.72M MET | $1.29M | 0.84% | 1 Allocation |
| Dec 23, 2026 | 4.72M MET | $1.29M | 0.84% | 1 Allocation |
| Jan 23, 2027 | 4.72M MET | $1.29M | 0.84% | 1 Allocation |
Open Markets
| # | Exchange | Pair | Price | +2% depth | -2% depth | Volume (24h) | volume % |
|---|---|---|---|---|---|---|---|
| 1 | HHTXCEX | MET/USDT | $0.2219 | $1,162 | $9,487 | $5,939,676 | 109.85% |
| 2 | BBybitCEX | MET/USDT | $0.2217 | $35,883 | $78,864 | $850,496 | 15.73% |
| 3 | OOKXCEX | MET/USDT | $0.2219 | $41,066 | $42,638 | $763,425 | 14.12% |
| 4 | UUpbitCEX | MET2/KRW | $0.2238 | $40,451 | $31,234 | $416,521 | 7.70% |
| 5 | MET/USD | $0.222 | $76,925 | $94,665 | $372,469 | 6.89% | |
| 6 | KKuCoinCEX | MET/USDT | $0.221 | $43,863 | $54,990 | $247,404 | 4.58% |
| 7 | BBitgetCEX | MET/USDT | $0.2211 | $86,503 | $105,407 | $145,310 | 2.69% |
| 8 | PPhemexCEX | MET/USDT | $0.221 | $707 | $602 | $105,404 | 1.95% |
| 9 | BBithumbCEX | MET/KRW | $0.2231 | $36,400 | $19,231 | $75,748 | 1.40% |
| 10 | KKrakenCEX | MET/USD | $0.221 | $4,779 | $4,269 | $30,464 | 0.56% |
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People
About Meteora
Meteora is a liquidity protocol in the Solana ecosystem offering dynamic market making and liquidity pools that help projects and users build and join liquidity on-chain. Known for flexible liquidity mechanisms and capital efficiency.
The project provides various pools and market-making strategies supporting token issuance and trading, with tools and dashboards. Emphasizing composability, transparency and ease of use, it serves projects and traders on Solana and expands usage through incentives and integrations, making it an important part of Solana's decentralized trading and liquidity infrastructure.
Meteora's predecessor Mercurial Finance launched in 2021 as one of Solana's first stablecoin AMMs, raising a $3.5 million seed round from DeFiance Capital and others.
In February 2023 the team rebranded to Meteora and launched its Dynamic Liquidity Market Maker (DLMM), becoming a core Solana liquidity layer.
By January 2025 Meteora's monthly volume jumped 40x month-over-month; mid-year it earned $5.37 million in daily fees as Solana's top fee generator, powering 96% of new token launches.
In February 2025 Meteora co-founder Ben Chow resigned amid a RICO class action over LIBRA, MELANIA and other tokens, a major reputational blow.
In Q2 2025 Meteora rolled out its Dynamic Bonding Curve (DBC) and DAMM v2, going fully permissionless and sharply growing cash flows.
On October 23, 2025 Meteora's native MET token launched via TGE with roughly 47% initial float, among the largest initial unlocks on Solana.
On October 8, 2026, Meteora launched DLMM Pro; MET rose 62% in 24 hours and 172% in 30 days, with application revenue at its highest since September 2025. Q1 protocol revenue was $11.4 million (down 25% QoQ), and the protocol spent $1 million in USDC to buy back 7 million MET (average price $0.1427), bringing cumulative buybacks to 39.58 million MET, about 3.97% of total supply; no buybacks were made in Q2. In March, Meteora launched Bedrock, a token legal-infrastructure joint venture with GVRN; in July, Referral Staking went live, with about 76 million MET staked and roughly $336,000 in USDC rewards distributed in the first cycle.
On the supply side, 48% of MET circulated at TGE (October 2025); by October 2026 about 55.7% had unlocked, with roughly 22 million tokens unlocking each quarter, and the next unlock on October 23, 2026 will flow into the ecosystem reserve.
On September 29, 2026, a federal court in New York dismissed the LIBRA class action against Meteora, Kelsier Ventures and former CEO Benjamin Chow and denied the plaintiffs leave to amend, ending the fraud, RICO and unjust enrichment claims filed in March 2025; the court found the plaintiffs had not shown Meteora was a suable unincorporated association. DLMM Pro launched on October 7, merging market making, configurable fees and issuance for DLMM, DAMM v2 and Dynamic Bonding Curve into one interface. The protocol generated $51.8 million in fees over the past 30 days, more than the Solana network collected in the same period; first-quarter 2026 revenue was $11.4 million with $25.4 million of cash inflow, net cash flow swung from -$11.3 million to +$18.3 million, and cumulative buybacks of $13.7 million covered 39.6 million MET. A further 7.22 million MET unlocks on October 23. Meteora's Future strategy and roadmap: Meteora's key change is shifting pricing power from subsidies to fees: after raising the DLMM protocol take from 5% to 10% in May, revenue per dollar of volume rose from 0.0141% to 0.0274% while depositor retention barely moved (48.5% versus 48.4%), suggesting LP sensitivity to fees is lower than dependence on depth. Referral Staking, live in July, redirects part of protocol fees to stakers and locked 70 million MET within weeks, substituting referral ties for airdrops as distribution. Raydium, Orca and PumpSwap are the rivals; Meteora differs through the DBC issuance pipeline and configurable fees rather than spot depth, and the rising launch-side share of $164.3 million in first-half fees means revenue is more cyclical when the meme wave recedes.
Meteora's four co-founders came out of Solana's early market-making and aggregator scene. Zen, or Zhen Hoe Yong, leads the team; he built quantitative trading systems in Indonesia and Singapore, joined Mercurial Finance in 2021, and when Mercurial became Meteora in 2022 designed the dynamic liquidity approach that pairs concentrated liquidity with variable fees.
Soju is co-founder and co-lead, covering ecosystem, community and external communication and long working under a pseudonym; Meow, another co-founder, left to start Jupiter, turning aggregator routing and governance into Solana's largest entry point; Ben Chow, also a co-founder, resigned in 2025 amid the LIBRA token controversy. Engineering sits with Dan Wee, who runs the experience and contract team covering fee curves and vault modules. Engineering reports to Wee, and ecosystem and community to Soju; only two of the four founders remain.
Meteora DLMM charges each swap a base fee plus a variable fee, with the total capped at 10% (MAX_FEE_RATE of 100,000,000 at 1e9 precision).
Meteora DLMM allocates its protocol share by pool type: 10% (1,000 bps) for standard pools and 20% (2,000 bps) for Launch Pools, with a maximum of 2,500 bps (25%); referrers receive 20% (2,000 bps) of the protocol fee and limit-order fees split 50%/50%.
Meteora DAMM v2 has a minimum fee of 1 bp (0.01%), a default protocol fee of 20%, a referral fee of 20% of the protocol fee and a pool fee cap of 99% (50% for v0 pools).