Meteora

Meteora is a decentralized exchange and liquidity protocol built on the Solana blockchain, represented by the MET token. It aims to make it easier for traders to swap tokens and for liquidity providers to deploy capital efficiently by concentrating liquidity where trading actually occurs. The protocol targets both everyday Solana users seeking low-cost swaps and more sophisticated participants who want to earn fees by supplying liquidity to trading pools.

Meteora operates through its Dynamic Liquidity Market Maker, known as the DLMM, which allows liquidity to be allocated within specific price ranges rather than spread uniformly across all possible prices. This design is intended to generate more fees from a given amount of locked capital by keeping liquidity active near the current market price. The MET token exists within the Solana ecosystem and is associated with the protocol, though the data stored here does not specify the precise governance or utility mechanics the token carries within the system.

Fees are generated when traders swap tokens through Meteora's pools and are paid by those traders at the point of exchange. Over the trailing 30 days the protocol collected 51,842,968 USD in total fees, of which 45,786,791 USD was returned to liquidity providers as supply-side revenue and 6,056,177 USD was retained as protocol revenue. Over the trailing 12 months, total fees reached 443,714,768 USD against protocol revenue of 49,827,475 USD, implying the large majority of fee income flows to liquidity suppliers rather than the protocol itself. The take rate over the trailing 30 days stands at 11.68 percent, meaning the protocol kept roughly that share of all fees collected during that window.