Meteora (MET): Dynamic Liquidity Infrastructure for Solana DeFi

Meteora is a decentralized exchange and liquidity protocol built on Solana designed to create the most efficient, composable, and sustainable liquidity infrastructure for decentralized finance applications. Founded by Ben Chow in 2021 and backed by DeFiance Capital, HTX Ventures, and Signum Capital with $3.5 million in funding, Meteora (MET) will soon be available on Bitget!

What is Meteora (MET)?

Meteora is a decentralized exchange (DEX) and liquidity protocol built on the Solana blockchain designed to create the most efficient, composable, and sustainable liquidity infrastructure for decentralized finance (DeFi) applications.

Originally launched as Mercurial Finance in 2021, the project rebranded to Meteora in 2023 and now powers major Solana DEX aggregators such as Jupiter Swap. The platform functions as a next-generation liquidity layer that enables traders and projects to access dynamic, capital-efficient liquidity on Solana.

According to its documentation, Meteora's mission is "to build the most dynamic liquidity pools for liquidity providers, launchpads, and token launches, using advanced mechanisms like DLMM (Dynamic Liquidity Market Maker), DAMM, and Dynamic Vaults to power Solana's DeFi ecosystem."

The platform addresses several persistent challenges in decentralized liquidity and token markets. Most traditional DeFi protocols suffer from fragmented liquidity across multiple pools, inefficient capital use where funds sit idle, high slippage during volatile markets, and unfair token launches dominated by bots and insiders.

Core Innovation: Meteora's dynamic liquidity infrastructure transforms how liquidity operates in DeFi by creating a self-sustaining and composable liquidity layer through DLMM technology, automated vault systems, and fair-launch mechanisms that benefit all participants - projects, traders, and liquidity providers alike.

Who Created Meteora (MET)?

Meteora was founded by Ben Chow, a prominent developer and contributor in the Solana DeFi ecosystem who is also known as a co-founder of Jupiter Finance, Solana's leading decentralized exchange aggregator.

Ben Chow (Founder and Former CEO):

● Co-founder of Jupiter (jup.ag), Solana's largest DEX aggregator by trading volume and total value locked (TVL)

● Led Meteora's product architecture and launch strategy, particularly for its flagship innovations: DLMM (Dynamic Liquidity Market Maker) and DAMM

● Resigned in February 2025 following the Libra memecoin controversy, though he maintained that neither he nor Meteora engaged in financial misconduct

Meow (Co-founder and Acting Lead Post-2025):

● Pseudonymous Solana figure and founder of Jupiter

● Known for building foundational DeFi tools and advocating composable liquidity across Solana protocols

● Currently oversees strategic direction and governance shifts at Meteora after Chow's resignation

● Announced that Meteora will appoint independent compliance oversight and expand its DAO council

M3M3 (Core Developer and DAO Contributor):

● Early technical contributor to Meteora's AMM architecture and active governance participant under the MET DAO

● Focuses on developing features like Alpha Vaults and Dynamic Buy-Sell Fee modules

● Participates in community proposal implementation

LP Army and DAO Council (Community Governance Team):

● Meteora's long-term contributors and technical community operate under the MET DAO

● Collectively manages ecosystem proposals, liquidity incentive allocation, and product roadmaps

● Members include independent Solana ecosystem builders and liquidity analytics creators integrated through the Meteora Rising Incubator program

The team combines deep technical expertise in Solana infrastructure with proven experience scaling major DeFi protocols, driving Meteora's vision for perpetual, community-powered liquidity.

What VCs Back Meteora (MET)?

Meteora, originally launched as Mercurial Finance, has received strong backing from leading crypto-native venture firms and angel investors in the Solana ecosystem. The platform has raised a total of approximately $3.5 million across seed and private rounds.

Funding Rounds:

● Seed Round (May 2021): $3.5 million

● Private Sale (2021): $0.07 per token at $70 million valuation

● Public Sale (Mid-2021): $6.25 million at $125 million valuation

Major Venture Capital Backers:

● DeFiance Capital - One of Asia's most active crypto venture funds, early backer of Axie Infinity and dYdX

● HTX Ventures (formerly Huobi Ventures) - Strategic backer of Solana ecosystem infrastructure projects

● Signum Capital - Singapore-based VC behind major DeFi protocols like Aave, Polkadot, and 1inch

● Ryze Labs - Web3-focused VC known for incubating token infrastructure startups on Solana

● Arche Fund and ArkStream Capital - Supported Meteora's 2025 relaunch and liquidity expansion under the DLMM model

● Solana Foundation - Provided technical and ecosystem support during Meteora's rebrand and mainnet deployments

● imToken Ventures - Strategic investor in Solana DeFi infrastructure

● GBV Capital - Blockchain venture capital firm

● Alameda Research - Early-stage investor

● Gate.io Labs - Exchange investment arm

● HyperChain Capital - Strategic investor

Notable Angel Investors:

● Alex Svanevik (Nansen CEO)

● Darren Lau - Crypto analyst and investor

● Bobby Ong and TM Lee (CoinGecko)

● Edward Moncada (Blockfolio)

● Jonathan Chu - Strategic advisor

Ecosystem Support:

Beyond VCs, Meteora has received community and protocol-level grants through programs tied to Jupiter, Solana Foundation, and Meteora's own Rising Incubator Initiative, which helps new DeFi tools integrate its liquidity infrastructure.

Meteora's total confirmed funding is approximately $3.5-6.25 million across early rounds since its 2021 inception. Later phases (2024-2025) were self-sustained through protocol revenue and DAO treasury deployment rather than external fundraising, reflecting the project's maturity and autonomous operational model.

How Meteora (MET) Works

Meteora operates through several key technologies that make decentralized liquidity management safe, efficient, and user-friendly on Solana:

Dynamic Liquidity Market Maker (DLMM)

DLMM is Meteora's flagship technology and core innovation. Instead of traditional AMMs where liquidity sits idle across all price ranges, DLMM divides liquidity into small "price bins" - like shelves, each storing tokens available for trade at specific prices.

Liquidity providers choose which bins to fund, letting them concentrate liquidity around expected trading prices. Fees adjust dynamically: if the market is calm, fees are low; if volatile, fees rise automatically. This approach reduces slippage by 40% on volatile pairs versus static AMMs and ensures better capital efficiency.

Example: If you expect SOL to trade between $100 and $110, you can supply liquidity only in that range - earning fees efficiently instead of spreading funds everywhere.

Dynamic Automated Market Maker (DAMM v1/v2)

DAMM is a hybrid engine for configurable pools and token launches. It includes constant-product and concentrated-liquidity pools with flexible parameters for improved yield. DAMM v2 features Liquidity Distributor NFTs that auto-compound rewards and integrate with Meteora's fair-launch modules like Alpha Vault.

Dynamic Vaults

Dynamic Vaults use smart rebalancing algorithms to move idle assets between lending protocols (like Kamino, MarginFi, or Solend) every few minutes, optimizing yield automatically. An off-chain "keeper" program monitors markets continuously and rebalances deposits if a better yield opportunity appears.

These vaults provide "dual-yield" - liquidity providers earn swap fees from trading activity and yield from lending integrations. Users don't have to manage funds manually; the system auto-optimizes profits safely.

Alpha Vaults (Anti-Sniping Launch Protection)

During token launches, sniper bots often buy many tokens immediately, destabilizing the market. Meteora's Alpha Vaults solve this by restricting snipers and allowing fair entry for real users, locking initial liquidity automatically for stability, and supporting controlled, bot-resistant price discovery.

This ensures projects can conduct fair and transparent launches while protecting their communities from exploitation.

Dynamic Bonding Curve (DBC)

Unlike fixed bonding curves used by other launchpads, DBC adjusts in real-time to market activity - scaling token prices up or down smoothly based on demand velocity. This facilitates secure, continuous token launches with automatic liquidity provisioning.

Meteora Lock

Projects can use Meteora Lock to lock their tokens on-chain, gradually releasing them over time according to a vesting plan. For example, a team might schedule tokens for investors to unlock monthly instead of all at once. This increases trust as investors can verify that tokens are safely locked and fairly distributed.

Multi-Chain Support and Technical Architecture

Meteora operates exclusively on the Solana blockchain, leveraging Solana's speed, scalability, and low fees. All smart contracts are deployed on Solana, and users interact through Solana-compatible wallets such as Phantom, Solflare, Backpack, Ledger, and OKX Wallet.

The protocol's design fully utilizes Solana's parallel execution model, 65,000+ TPS throughput, and low-cost transactions (approximately $0.00025) to support high-frequency and high-liquidity trading environments.

You can access the platform at meteora.ag and explore comprehensive documentation at docs.meteora.ag .

Meteora Token (MET) and Economics

The MET token serves as the native governance and utility asset of the Meteora DeFi ecosystem on the Solana blockchain. It underpins governance, liquidity incentives, and protocol revenue sharing across Meteora's dynamic liquidity infrastructure.

Token Details

● Token Name: Meteora Token

● Token Symbol: MET

● Total Supply: 1,000,000,000 MET (1 billion tokens)

● Blockchain Deployment: Solana (SPL token standard)

● Token Generation Event (TGE) Date: October 23, 2025

● Circulating Supply at TGE: 48% (480,000,000 MET)

Token Distribution

Immediate Circulation (48% - Unlocked at TGE):

● Mercurial Stakeholders (Legacy): 20% (200,000,000 MET)

● Meteora Users & LP Incentives: 15% (150,000,000 MET)

● Jupiter Ecosystem Stakers: 3% (30,000,000 MET)

● Launchpads & Launchpool: 3% (30,000,000 MET)

● Off-Chain Contributors & Advisors: 2% (20,000,000 MET)

● M3M3 Stakeholders: 2% (20,000,000 MET)

● CEX Liquidity & Market Making: 3% (30,000,000 MET)

Long-Term Vesting (52% - 6-Year Linear Release):

● Core Team: 18% (180,000,000 MET)

● Meteora Reserve/Treasury: 34% (340,000,000 MET)

Vesting Structure: Team, advisor, and investor allocations are subject to multi-year vesting schedules with extended lockup periods. Community rewards and liquidity incentives are released per epoch, promoting ongoing network participation.

Liquidity Distributor Mechanism: Instead of traditional airdrops, Meteora uses a Liquidity Distributor mechanism where recipients receive liquidity positions in MET/SOL pools rather than direct tokens, earning automatic fee income from trading activity with gradual selling capability to reduce sell pressure.

Token Utilities

● Governance and DAO Voting: MET holders participate in Meteora DAO governance, voting on protocol parameters, pool expansion, and incentive distribution through quadratic voting frameworks

● Staking and Fee Sharing: Stakers earn protocol-derived rewards (up to 25% of trading fees) and discounts on transaction and liquidity creation fees based on staking tier

● Liquidity Enhancement and Farming: Users deposit assets into liquidity pools and earn LP tokens, then stake LP tokens in Farms to receive MET rewards

● Fee Rebate and Platform Discounts: Stakers receive reduced swap or creation fees (up to 50%) when using DLMM pools, with premium tiers unlocking exclusive farm multipliers

● Ecosystem Growth and Builder Incentives: MET tokens fund developer grants, incubator programs (like Meteora Rising), and governance-approved partnerships or integrations on Solana

● Yield Optimization (Stake2Earn Program): Meteora's Stake2Earn contracts reward users with MET emissions and a portion of real trading fees collected from active pools

Why Meteora?

Traditional DeFi protocols face critical challenges around liquidity efficiency, fair token distribution, and sustainable yield generation. Meteora addresses these fundamental problems with proven technology and strong ecosystem validation:

Proven Leadership: Founded by Ben Chow (co-founder of Jupiter Finance) and Meow, combining deep blockchain expertise with successful track records in scaling Solana DeFi infrastructure and building foundational liquidity protocols.

Strong Investor Validation: $3.5 million raised from top-tier investors including DeFiance Capital, HTX Ventures, Signum Capital, and Solana Foundation demonstrates institutional confidence in the team and vision.

Technical Innovation: First to deploy DLMM technology at scale on Solana, enabling 40-60% higher capital efficiency than standard AMMs while reducing slippage and improving yields through dynamic fee adjustment.

Strategic Partnerships: Deep integrations with Jupiter (Solana's leading DEX aggregator), Moonshot (memecoin launch platform), Pyth Network (oracle provider), and multiple Solana-based launchpads including Believe.me, Bags Launchpad, and DAOs.fun.

Live Ecosystem: Already operational with active liquidity pools, Dynamic Vaults, Alpha Vaults for fair launches, comprehensive SDK support, and growing user base generating real activity and adoption across Solana DeFi.

Community-First Tokenomics: 48% initial circulation through the "Phoenix Rising Plan" with 45% allocation to community stakeholders, 6-year team vesting, and innovative Liquidity Distributor mechanism to minimize sell pressure.

Composable Infrastructure: Modular, permissionless architecture enabling seamless integrations with other Solana protocols through open SDKs (TypeScript and Rust), REST APIs, and comprehensive developer documentation.

DAO Governance: Transition to DAO-centric governance empowering LP Army community to manage incentives, approve features, and participate in ecosystem decision-making through transparent proposal systems.

Developer-Friendly Ecosystem: Complete tech stack including DLMM SDK, DAMM v2 SDK, Core SDK, Rust libraries, CLI tools, and ready-to-deploy templates making Meteora one of the most accessible DeFi infrastructures on Solana.

Proven Market Traction: Successfully deployed technology with working partnerships, active validator network, Meteora Rising Incubator program, and self-sustaining protocol revenue demonstrating real-world utility beyond speculation.

Meteora successfully extends Solana's liquidity capabilities through dynamic, self-optimizing mechanisms that benefit all participants while maintaining decentralization, composability, and sustainable economics.

Meteora (MET) Goes Live on Bitget

We are thrilled to announce that Meteora (MET) will be listed in the Innovation and DeFi Zone. Check out the details below:

Deposit Available: 22 October 2025, 10:00 (UTC)

Trading Available: TBD

Trade MET/USDT on Bitget!

Community Links: Website | Twitter | Discord | Telegram | GitHub | Documentation

Disclaimer: The opinions expressed in this article are for informational purposes only. This article does not constitute an endorsement of any of the products and services discussed or investment, financial, or trading advice. Qualified professionals should be consulted prior to making financial decisions.