Meteora

Meteora is a decentralized exchange application built on the Solana blockchain, represented by the token MET. It focuses on liquidity provision and trading through a mechanism called Dynamic Liquidity Market Making, aiming to make it easier for liquidity providers to concentrate their capital efficiently and for traders to execute swaps with lower slippage. The protocol also operates a launchpad function, meaning it serves both everyday traders and projects seeking to bootstrap initial liquidity.

Meteora operates on Solana, which handles transaction settlement, so there is no separate consensus algorithm associated with MET itself. The core product is the Meteora DLMM, a liquidity pool design that allows providers to place capital within precise price ranges rather than spreading it uniformly, which can improve capital efficiency. MET is the protocol's native exchange-based token and sits within this Solana-based ecosystem, though the specific on-chain governance or utility functions attached to it are not detailed in the data stored here.

Fees are generated by traders who swap tokens through Meteora's liquidity pools, and those fees are shared between liquidity providers and the protocol itself. Over the trailing 30 days, the protocol recorded total fees of 14,912,650 USD and protocol revenue of 1,875,993 USD, implying that liquidity providers received the remainder, which is captured as supply-side revenue of 13,036,657 USD over the same period. The protocol's take rate over the trailing 30 days was approximately 12.58 percent, meaning it retained roughly that share of every dollar in fees collected. On an annualized basis derived from the trailing 30-day figures, fees reach 181,437,241.67 USD and protocol revenue reaches 22,824,581.50 USD.