While many DEXs chase TVL or short-term hype, Meteora chooses a different path: building a liquidity infrastructure capable of generating real, sustainable revenue and scalable for the entire Solana ecosystem.
It is no coincidence that Meteora is one of the highest fee-generating protocols in the entire crypto market, comparable to Uniswap – but with a much lower valuation.
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🌐 1. What is Meteora?
Meteora is a native liquidity infrastructure stack on Solana – a collection of AMMs and token launch tools, designed to be the most efficient liquidity layer for DeFi.
Meteora not only serves token swaps but also:
• Create liquidity for new tokens
• Maintain liquidity after launch
• Optimize profits for LP
• Generate real revenue for the protocol
In the last 12 months, Meteora has processed over 180 billion USD in DEX volume, accounting for about 10–12% of the total DEX volume on Solana, and is currently the 3rd largest DEX globally by 30-day volume, behind only Uniswap and PancakeSwap.
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⚙️ 2. Core technology – the foundation for generating revenue
Meteora does not have a single AMM, but rather a complete product suite:
🔹 DLMM – Dynamic Liquidity Market Maker
• Bin-type AMM with concentrated liquidity
• Dynamic trading fees based on market fluctuations
• Particularly effective during high volatility periods
→ This is the largest source of fees for LP and the protocol
🔹 DAMM v1 / v2
• Optimized AMM for Solana
• v2 supports concentrated liquidity and position NFTs
• v1 combines swap + yield
🔹 DBC – Dynamic Bonding Curve
• Token launch tools with customizable bonding curves
• Tokens that meet the conditions will graduate to DAMM pools
• Serves as a platform for hundreds of thousands of tokens launching on Solana
In addition, Meteora also has an Anti-sniper suite (anti-bot, rate limiter, fee scheduler), helping to limit manipulation and protect both LP and the launch project.
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💰 3. Business model – why is Meteora 'in the money'?
Meteora has 2 main revenue pillars:
🟢 Pillar 1 – LP Army
• Nearly 175,000 active addresses, with a very high user return rate
• Protocol revenue:
• 5% swap fee from DLMM
• 20% swap fee from DAMM
• LP Army is both a source of liquidity and a natural distribution channel for Meteora
🟣 Pillar 2 – Launchpads
• More than 422,000 tokens have been launched via DBC
• The launchpad contributes about 50% of the total fees across the system
• High profit margin, cyclical but extremely effective
👉 In total, Meteora has generated over 1.2 billion USD in fees in 12 months, comparable to Uniswap, while the FDV is only in the hundreds of millions USD range.
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🧠 4. Team & operational philosophy
Meteora is a founder-led protocol:
• Soju leads the strategic and ecosystem builder segment on Solana
• Zen is responsible for core technology and products
Major differentiation:
• No equity / foundation structure
• All final value is attributed to the MET token
This is a very 'crypto-native' approach, rarely seen in large protocols.
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🪙 5. Tokenomics MET – designed for LP and the community
• Total supply: 1,000,000,000 MET
• Circulating at TGE: 48%
• Large allocation for:
• LP Stimulus Plan
• Community & ecosystem
• Jupiter stakers
• Team & reserve long-term vesting of 6 years, reducing sell pressure
Special feature:
• Airdrop recipients can choose to receive MET in the form of LP NFT, automatically earning fees from the TGE date
→ Tokenomics focuses on maintaining liquidity – generating revenue – nurturing the ecosystem
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🧨 6. Conclusion – Why is Meteora noteworthy?
Meteora is not a DEX chasing short-term trends.
This is a true DeFi business, with:
• Real revenue
• Distinct technology
• Clear expansion model
• Valuation is still attractive compared to fee generation performance
If Uniswap is the 'bluechip DEX' of Ethereum
Meteora is currently the most promising candidate for that position on Solana.
