Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$0.06Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Nov 2026 | $0.06 | -- | -- | -- |
| Oct 2026 | $1.5 | -- | -- | -- |
| Sep 2026 | $1.24 | -- | -- | -- |
| Aug 2026 | $2.23 | -- | -- | -- |
| Jul 2026 | $0.85 | -- | -- | -- |
| Jun 2026 | $6.75 | -- | -- | -- |
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About Meridian
Meridian is a Move-native liquidity hub on Movement, made up of a DEX and a liquid staking module. The AMM offers weighted pools of up to four assets at a default 0.15% fee, supporting 80/20 and other asymmetric weights, where heavier skew reduces impermanent loss but raises slippage; stable pools using a Curve-style invariant with an amplification factor at 0.05%; and concentrated liquidity. Within the four-asset limit a weighted pool yields six tradable pairs, and routing stitches paths together automatically. On the staking side it issues a liquid claim on staked MOVE that can be reused for lending and re-staking. It targets thin, single-shape liquidity in the Move ecosystem, where constant-product pools cannot price uncorrelated pairs efficiently.
In 2026 Meridian released a concentrated liquidity market maker for MOVE and USDC/USDT pairs. DefiLlama showed about US$195,600 in AMM TVL in October 2026, down roughly 33% over 30 days. The protocol is still running at a much reduced scale.
Meridian is a native AMM exchange and liquid staking protocol on the Movement chain, billing itself as the central liquidity hub of the Move ecosystem, with a founding team including Adam Cader and a MERD token that has never launched. It was among the earliest deployments on Movement: live on day one of the mainnet beta on 9 December 2024, and named a liquid staking partner for the Cornucopia programme's MOVE vault.
The curve rose and fell quickly. A USD 4 million seed closed on 24 September 2024, co-led by ParaFi Capital and Borderless Capital with Amber Group, Saison Capital, Interop Ventures and Oak Grove participating, and no further round followed. TVL was only USD 2.37 million at the end of March 2025, reached USD 22.17 million by late April, set a record USD 53.84 million on 26 April and stood at USD 29.37 million at the end of May; fees peaked in August and September 2025 at USD 19,027 and USD 18,343. Then came the decline: USD 9.5 million in December 2025, an on-chain data gap from January to April 2026, and just USD 317,000 when reporting resumed in May. By 29 October TVL was USD 193,800, about 99.6% below the peak, with USD 2.80 of fees that month and USD 38,626 of thirty-day volume, against USD 1.637 billion cumulative volume and USD 93,420 cumulative fees.
Strategy and roadmap: Meridian charges 0.15% on weighted pools and 0.05% on stable pools, keeping half for the protocol, and added liquid staking plus liquidity mining subsidies, with early TVL driven by expectations of a Movement ecosystem airdrop. The problem is that the model left no durable demand: TVL fell from USD 53.84 million to under USD 200,000 and monthly fees to under USD 3, so the protocol economy has effectively stalled; MERD is still marked coming soon with no TGE or airdrop on record, leaving early points expectations unfulfilled; and Movement itself collapsed alongside it, its token down roughly 99% from its high, draining the base traffic the exchange depended on.
Adam Cader — Co-founder; started Hong Kong-based Meridian in 2024, building a decentralized liquidity marketplace and liquid staking protocol on Movement, which raised a $4M seed co-led by ParaFi Capital and Borderless Capital.
Meridian sets default swap fees of 0.15% for Weighted Pools, 0.05% for Stable Pools, and 0.03% for Concentrated Liquidity Pools, with the fee structure set by the pool creator.
Meridian charges a protocol fee of 50% of the swap fee, with the remaining 50% accruing directly to liquidity providers.