Shooting into the market after 4 years of existence, the Meteora token is now live after conducting its long-awaited and highly anticipated airdrop.
Meet Meteora, the core of Solana’s liquidity and home of the MET army.
Back with another deep-dive, it’s time to explore everything they have to offer.
What is Meteora?
Meteora is the home of liquidity on the Solana blockchain, which was first founded in 2021 and later launched in 2022. Liquidity is key to a healthy ecosystem, and Meteora is on a mission to empower users to join the MET army by providing the finest liquidity incentives across Web3.
Meteora Products & Features
Whether you’re looking to earn yield from providing liquidity or looking to launch a token, Meteora has the all-in-one suite for everything liquidity.
Starting with liquidity providers, users have the choice to participate in a wide range of different pools, including:
> DLMM (Dynamic Liquidity Market Maker) – Liquidity providers can earn more with dynamic fees, precise liquidity control, and zero-slippage trading within price bins!
> DAMM v1 (Dynamic Automated Market Maker) – Linked with the Dynamic Vaults, liquidity providers can earn swap fees and lending yield simultaneously.
> DAMM v2 – Next-gen AMM with concentrated liquidity, dynamic fees, and NFT-based liquidity pool positions offering superior efficiency, lower costs, and built-in farming!
Although these are the main liquidity products of Meteora, they also have other fantastic yield-generating products, including Stake2Earn pools, pools with farms, LST (Liquid Staking Token) pools, multi-token pools and much more.
As for protocols looking to launch their token, Meteora offers BUIDLers the ultimate suite of tools on the Solana network, and the figures prove it. The Meteora protocol is responsible for controlling an estimated 26% of Solana’s DEX market share, facilitating $270.57B in swapping volume, generating over $1.52B in fees and accumulating a massive $898.42M TVL!
Why Meteora?
Many well-known protocols and memecoins have launched their token through Meteora, due to its superior liquidity infrastructure and simplicity. Liquidity is the blood needed to keep a network alive, and Meteora makes Solana a perfect host for both BUIDLers and users like me and you.
Meteora Token ($MET)
Making an entrance to the market after 3 years, the $MET token was successfully airdropped via tokens and/or a liquidity position for many loyal liquidity providers and even a special allocation for long-term $JUP stakers. Another airdrop may arrive later down the line, but for now, users continue to earn from LPs!
Conclusion
At the time of writing, $MET is trading at $0.53 with a large market cap of $254.36M. On the first day going live, which was only last week, $MET peaked at an ATH of $0.90. Now down over 41%, $MET is trying to find its feet in an uncertain market.
Nonetheless, many are excited to see $MET finally arrive, and this could very well be one of Solana’s top gems…
Disclaimer
The content provided in this article is purely informational and nothing said is financial advice. Proceed with caution and always invest what you are prepared to lose. Remember that you are entirely responsible for your assets and investments and the author and the publication do not endorse any of the cryptocurrencies, protocols and/or strategies in this article.
