Meteora DEX
Solana liquidity layer with DLMM and DAMM pools and a bonding-curve token launcher.
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Meteora key facts
| Category | Decentralized exchange |
|---|---|
| Chains | Solana |
| Platforms | Web, API, SDK |
| Custody | Non-custodial |
| Fees | Set per pool; DAMM v2 protocol share 20% of trading fee by default |
| Token | MET (TGE October 23, 2025) |
| Security audits | Zenith, Offside Labs, OtterSec, Sherlock, Sec3 |
| Chains | Solana |
| US availability | Not offered to US residents, citizens or US-incorporated entities (Restricted Territory) |
MET token
- Price
- $0.3129 -5.7% 24h
- Market cap
- $176.8M
- Fully diluted value
- $312.1M
- 30-day change
- -24.6%
Market data: CoinGecko, updated Nov 10, 2026. Educational content, not financial advice.
What is Meteora?
Meteora is a Solana liquidity protocol that runs DLMM concentrated liquidity pools, DAMM v2 constant-product pools and a Dynamic Bonding Curve for token launches. Pool fees are set per pool; DAMM v2 sends 20% of the trading fee to the protocol by default. MET launched on October 23, 2025.
How Meteora works
DLMM pools, run by the lb_clmm program, split liquidity into discrete price bins.
A trade inside the active bin executes at that bin's fixed price; when the bin empties, the price moves to the next one. Each pool has a bin step of up to 400 basis points, bins are grouped in arrays of 70, and a position can stretch to 1,400 bins. Every swap pays a base fee, and pools can add a variable fee that rises when swaps cross many bins in quick succession.
DAMM v2 pools, run by the cp-amm program, combine one of five base fee modes (time or market-cap schedulers, linear or exponential) with an optional dynamic fee. The protocol takes 20% of the trading fee by default, and a referrer gets 20% of that protocol share when present.
How to start with Meteora
- Meteora's terms of service list the United States as a Restricted Territory, and the app, smart contracts and site are not offered to US residents, citizens or US-incorporated entities.
- Using a VPN to get around this is prohibited.
- Where use is allowed, you connect a Solana wallet such as Phantom, Solflare, Backpack or a Ledger or Trezor device, and keep SOL for transaction fees and rent.
- Swaps run through the built-in Jupiter Terminal or a pool's own Swap tab.
Meteora fees and limits
- Creating a DAMM v1 or v2 pool costs roughly 0.02 to 0.03 SOL or more in rent for token accounts, and opening a DLMM position also costs rent, some of which is refunded when accounts close.
There is no single Meteora fee. Each pool sets its own base fee, and DLMM pools may add a volatility-based variable fee, so check the pool page before trading. On top of that you pay Solana network fees in SOL.
Risks to know before using Meteora
- DLMM positions stop earning fees once the price leaves your chosen range, so they need active management.
- Token risk is the other large exposure: the docs point to potential token risk warnings on pool pages, JupShield, Rugcheck and Jupiter's Organic Score, and the pool list can filter for base tokens with no mint or freeze authority.
- DLMM liquidity is not connected to Meteora's Dynamic Vaults, so it earns only trading fees and incentives.
Meteora usage
From DefiLlama (TVL) (fees users paid), updated Nov 10, 2026.
Meteora alternatives
Other projects people compare with Meteora.
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Automated market maker DEX with v2, v3 and v4 pools on Ethereum and other networks, governed by UNI holders.
Meteora pros and cons
- DLMM pools with dynamic, volatility-based fees
- Audits by OtterSec, Offside Labs, Zenith, Sherlock and Sec3
- Free public REST APIs and TypeScript and Rust SDKs
- Fees vary by pool; DAMM v2 pools can set fees up to 99%
- Launch pools can use fee schedulers that start high
- Concentrated liquidity positions need active management
- Terms list the United States as a Restricted Territory
Meteora FAQ
What is Meteora?
Meteora is a Solana liquidity protocol that runs DLMM concentrated liquidity pools, DAMM v2 constant-product pools and a Dynamic Bonding Curve for token launches. Pool fees are set per pool; DAMM v2 sends 20% of the trading fee to the protocol by default. MET launched on October 23, 2025.
How much value is locked in Meteora?
$242.3M according to DefiLlama on Nov 10, 2026. It is deployed on 1 chain: Solana.
How much does Meteora cost?
Set per pool; DAMM v2 protocol share 20% of trading fee by default, according to Meteora’s own page (checked Sep 26, 2026).
How much do users pay Meteora in fees?
$20.2M over the last 30 days, according to DefiLlama on Nov 10, 2026.
Does Meteora have a token?
Yes, MET. Its market cap was $176.8M on CoinGecko on Nov 10, 2026. Educational content, not financial advice.
Is Meteora available in the US?
Not offered to US residents, citizens or US-incorporated entities (Restricted Territory), according to Meteora’s own page (checked Sep 26, 2026).
Does Meteora hold my funds?
No. Meteora is non-custodial: you keep your funds in your own wallet and sign each transaction.
Sources
How this page works
Sources: Meteora: official site, Meteora: DAMM v2 Fees, Meteora: MET Tokenomics. Data as of Sep 26, 2026.
Not affiliated with any project listed. Educational content, not financial advice.