I want to hear your opinion first. MET is one of the tokens that has been widely discussed since its launch, and I think it would be interesting if we could discuss its prospects together. You can agree or not, what matters is that we can exchange views on what is really happening behind this project.
Meteora is a liquidity protocol on the Solana network that focuses on capital efficiency and liquidity stability. They have technologies like DLMM and DAMM that allow for more dynamic liquidity, so the pool can move according to market conditions. For the Solana ecosystem, features like this are quite important because they increase trading efficiency and reduce slippage.
The MET token itself is used for several purposes. There is governance function, rewarding liquidity providers, sharing fees through staking, and involvement in the features of the projects they build. In essence, this token is not just a 'means of exchange' but more of a utility token to drive the system.
From the distribution side, the total supply of MET is 1 billion tokens. Interestingly, 48 percent of its supply is circulating on the launch day. The rest is allocated for the ecosystem, team, and community incentives over a fairly long vesting period. This model has two sides: on one hand, the large supply at the beginning can create noticeable selling pressure, but on the other hand, long-term vesting can show the team's commitment to building the project in the coming years.
What needs to be considered? First, this DeFi project is highly dependent on adoption. If DLMM and DAMM are increasingly used by other projects, MET will become more relevant. But if adoption does not grow, the utility of the token could be limited. Second, because MET is still relatively new, on-chain developments and ecosystem updates need to be continuously monitored.
Overall, MET is not a type of token that relies solely on hype. There is technology, an ecosystem being built, and a fairly clear utility. But as usual, DeFi is high-risk, high-innovation. It would be even more fun to discuss together, so throw in your opinion about MET. Do you see this as a project with long-term appeal, or is it still too early to assess?
