{"id":534,"date":"2026-11-10T13:09:24","date_gmt":"2026-11-10T18:09:24","guid":{"rendered":"https:\/\/dolanduck.io\/blog\/?p=534"},"modified":"2026-11-10T13:09:24","modified_gmt":"2026-11-10T18:09:24","slug":"what-is-meteora-solana","status":"publish","type":"post","link":"https:\/\/dolanduck.io\/blog\/what-is-meteora-solana\/","title":{"rendered":"What Is Meteora on Solana? DLMM, Pools and the MET Token"},"content":{"rendered":"\n<p>Meteora is a Solana liquidity protocol best known for DLMM, pools that split liquidity into discrete price bins and raise fees automatically when the market gets volatile. It is a favorite venue for memecoin liquidity providers and token launches. As of October 29, 2026, DefiLlama shows Meteora DLMM at about $3.8 billion in 30-day volume and about $156 million in total value locked, and its MET token trades at about $0.30 according to CoinGecko.<\/p>\n\n\n<!--more-->\n\n\n<h2 class=\"wp-block-heading\">Key Facts<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Origin:<\/strong> Meteora grew out of Mercurial Finance, which was rebuilt as Meteora after the FTX collapse (Blockworks, KuCoin News).<\/li><li><strong>Main product:<\/strong> DLMM, concentrated liquidity in discrete price bins with volatility-aware fees (Meteora docs).<\/li><li><strong>DLMM volume:<\/strong> about $3.77 billion over 30 days to October 29, 2026, with about $25.1 million in fees, roughly 0.67% of volume (DefiLlama).<\/li><li><strong>DLMM TVL:<\/strong> about $156 million (DefiLlama).<\/li><li><strong>Token:<\/strong> MET launched on October 23, 2025 with no presale, distributed by airdrop to Mercurial stakeholders, Meteora liquidity providers, JUP stakers and launchpad partners (Blockworks, KuCoin News).<\/li><li><strong>MET market data:<\/strong> about $0.30, market cap about $167 million, 564 million of 1 billion tokens circulating, all-time high $0.69 on launch day (CoinGecko, October 29, 2026).<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">How DLMM Works<\/h2>\n\n\n\n<p>DLMM stands for Dynamic Liquidity Market Maker. Instead of one smooth curve, liquidity sits in bins, each covering a single small price step. Inside an active bin, swaps execute at a fixed price with zero slippage. When a bin runs out of one token, the price moves to the next bin.<\/p>\n\n\n\n<p>As a liquidity provider, you choose which bins to fill and in what shape: spread evenly, concentrated around the current price, or weighted to one side. A one-sided position above the price works like a native limit order: your tokens sell automatically as the price climbs through your bins.<\/p>\n\n\n\n<p>The second feature is dynamic fees. Each pool has a base fee, and a variable fee is added when price moves fast across many bins. During a memecoin pump, LPs earn much more per trade, and traders pay more. That explains why DLMM&#8217;s average fee of about 0.67% is several times higher than Orca&#8217;s 0.10% (DefiLlama). For how the Whirlpool model compares, see <a href=\"\/blog\/what-is-orca-solana\/\">what Orca is<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Meteora&#8217;s Other Pools<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Product<\/th><th>What it does<\/th><th>DefiLlama data (October 29, 2026)<\/th><\/tr><\/thead><tbody><tr><td>DLMM<\/td><td>Bin-based concentrated liquidity, dynamic fees<\/td><td>~$3.77B 30-day volume, ~$156M TVL<\/td><\/tr><tr><td>DAMM v2<\/td><td>Constant-product pools with position NFTs and an anti-sniper suite<\/td><td>~$254M 30-day volume, ~$21M TVL<\/td><\/tr><tr><td>Dynamic Bonding Curve<\/td><td>Customizable launch curves that graduate into a DAMM pool<\/td><td>~$429M 30-day volume<\/td><\/tr><tr><td>DAMM v1 (legacy)<\/td><td>Full-range pools that also earn lending yield<\/td><td>~$42M TVL<\/td><\/tr><tr><td>Alpha Vault, Presale Vault<\/td><td>Early-access and presale tools for launches<\/td><td>n\/a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>The launch tools matter for memecoin traders. Projects use Alpha Vault to let supporters buy before public trading and the Dynamic Bonding Curve to run a Pump.fun-style launch on their own terms. Several launchpads plug into these programs, and routers like <a href=\"\/blog\/what-is-jupiter-exchange-solana\/\">Jupiter<\/a> send swaps through Meteora pools, so you may trade one without ever visiting Meteora&#8217;s site. Product details are in the <a href=\"https:\/\/docs.meteora.ag\/\" target=\"_blank\" rel=\"nofollow noopener\">Meteora docs<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">The MET Token<\/h2>\n\n\n\n<p>MET is Meteora&#8217;s token, launched at its token generation event on October 23, 2025. There was no presale. About 48% of supply was planned to circulate at launch, and 10% was set aside for liquidity pools starting at $0.50 (KuCoin News). MET hit its all-time high of about $0.69 on launch day and traded near $0.30 on October 29, 2026, with a fully diluted value of about $296 million (CoinGecko).<\/p>\n\n\n\n<p>The gap between the $167 million market cap and $296 million FDV means about 44% of the supply is not yet circulating. Future unlocks add sell pressure, so check the schedule before treating MET as a long-term hold. Live data is on <a href=\"https:\/\/www.coingecko.com\/en\/coins\/meteora\" target=\"_blank\" rel=\"nofollow noopener\">CoinGecko<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Limits and Risks<\/h2>\n\n\n\n<ul class=\"wp-block-list\"><li><strong>Active LP management.<\/strong> DLMM positions earn only while the price sits in your bins. Out of range, you hold 100% of one token and earn nothing.<\/li><li><strong>Impermanent loss.<\/strong> Concentrated bins magnify it, and memecoins move far enough to empty a position in hours.<\/li><li><strong>Launch risk.<\/strong> Meteora&#8217;s tools power permissionless launches. A pool on Meteora is not an endorsement.<\/li><li><strong>Reputation history.<\/strong> Co-founder Ben Chow resigned in February 2025 after the LIBRA memecoin scandal; he denied that he or Meteora received tokens or insider knowledge, and the team said it hired a law firm to investigate (The Block).<\/li><li><strong>Smart contract risk.<\/strong> Audits reduce the risk of a bug but never remove it.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\">Meteora Liquidity and a Token Like $DOLAN<\/h2>\n\n\n\n<p>Where a token&#8217;s liquidity sits shapes how it trades. DOLAN Duck ($DOLAN), a fair-launch SPL token with a fixed 98.3M supply and roughly 10,700 holders, keeps its main pool as a SOL pair on Raydium, with only a tiny Meteora pool, according to DEXScreener on October 29, 2026. A constant-product pool covers every price, so it never goes out of range, while a DLMM pool earns more per dollar but needs constant attention. That trade-off decides whether moving a token&#8217;s liquidity to Meteora makes sense, and the basics are in <a href=\"\/blog\/what-is-liquidity-crypto-dex-solana\/\">liquidity on Solana DEXs<\/a>. Contract: 4YK1njyeCkBuXG6phNtidJWKCbBhB659iwGkUJx98P5Z.<\/p>\n\n\n\n<div class=\"schema-faq wp-block-yoast-faq-block\"><div class=\"schema-faq-section\" id=\"faq-question-1793292679200\"><strong class=\"schema-faq-question\">What is Meteora on Solana?<\/strong> <p class=\"schema-faq-answer\">Meteora is a Solana DEX and liquidity protocol known for DLMM pools, which use price bins and dynamic fees. It also offers launch tools like the Dynamic Bonding Curve and Alpha Vault.<\/p> <\/div><div class=\"schema-faq-section\" id=\"faq-question-1793292679201\"><strong class=\"schema-faq-question\">What is Meteora DLMM?<\/strong> <p class=\"schema-faq-answer\">DLMM is a Dynamic Liquidity Market Maker. Liquidity sits in discrete price bins with zero slippage inside each bin, and fees rise automatically when volatility increases.<\/p> <\/div><div class=\"schema-faq-section\" id=\"faq-question-1793292679202\"><strong class=\"schema-faq-question\">Does Meteora have a token?<\/strong> <p class=\"schema-faq-answer\">Yes. MET launched on October 23, 2025 without a presale. It traded near $0.30 with a market cap of about $167 million on October 29, 2026, per CoinGecko.<\/p> <\/div><div class=\"schema-faq-section\" id=\"faq-question-1793292679203\"><strong class=\"schema-faq-question\">How big is Meteora?<\/strong> <p class=\"schema-faq-answer\">DefiLlama shows Meteora DLMM at about $3.77 billion in 30-day volume and about $156 million in TVL as of October 29, 2026.<\/p> <\/div><div class=\"schema-faq-section\" id=\"faq-question-1793292679204\"><strong class=\"schema-faq-question\">Is Meteora the same as Mercurial?<\/strong> <p class=\"schema-faq-answer\">Meteora grew out of Mercurial Finance, which was rebuilt as Meteora after the FTX collapse. Mercurial stakeholders were included in the MET airdrop.<\/p> <\/div><div class=\"schema-faq-section\" id=\"faq-question-1793292679205\"><strong class=\"schema-faq-question\">Is providing liquidity on Meteora risky?<\/strong> <p class=\"schema-faq-answer\">Yes. DLMM positions stop earning when price leaves your bins, concentrated ranges magnify impermanent loss, and memecoin pools can lose most of their value fast.<\/p> <\/div><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Meteora is a Solana liquidity protocol best known for DLMM, pools that split liquidity into discrete price bins and raise fees automatically when the market&#8230;<\/p>\n","protected":false},"author":2,"featured_media":535,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain"],"_links":{"self":[{"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/posts\/534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/comments?post=534"}],"version-history":[{"count":1,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/posts\/534\/revisions"}],"predecessor-version":[{"id":742,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/posts\/534\/revisions\/742"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/media\/535"}],"wp:attachment":[{"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/media?parent=534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/categories?post=534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dolanduck.io\/blog\/wp-json\/wp\/v2\/tags?post=534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}