What Meteora does

Meteora is a decentralized liquidity infrastructure protocol built on the Solana blockchain, originally launched as Mercurial Finance in 2021 and rebranded in 2023. It operates a multi-product stack centered on DLMM (Dynamic Liquidity Market Maker), which uses discrete price bins and volatility-adaptive fees to enable zero-slippage swaps, alongside DAMM v2 (constant-product pools with anti-sniper protection and customizable launch parameters) and Dynamic Vaults (automated, minute-by-minute rebalancing across lending protocols such as Jup Lend). The protocol captures an estimated 20-26% of Solana trading volume and routes through Jupiter, Solana's dominant DEX aggregator, while exposing pools to eight trading bots and multiple analytics platforms.

Name

Meteora

Legal name

Meteora

Website

https://meteora.ag

Company type

Private

Founded year

2021

Operating status

Operating

Headcount range

11–50 employees

Short description

Meteora is a Solana-based DeFi liquidity protocol offering DLMM, DAMM v2, and Dynamic Vaults for liquidity providers, token launchers, and yield seekers, with cumulative swap volume above $331B.

Ownership category

akta.pro rank

Product category

Decentralized Liquidity Protocol

NAICS

Securities and Commodity Exchanges (52321)

SIC

Finance Services (6199)

akta.pro primary industry

Liquidity Management & Market-Making Protocols (FSADAMAH)

akta.pro secondary industries

DAO Treasury, Governance & On-Chain Finance Tools (FSADAMAL), Digital Asset Custody & Key Management (MPC, HSM, Wallet Infra) (FSAGAMAB)

Keywords

• Decentralized exchange protocol
• Automated market maker
• Liquidity infrastructure
• Concentrated liquidity pools
• Yield optimization vaults

Headquarters

HQ city

Hanoi

HQ country

Vietnam

HQ region

Asia

Markets served

GTM type

B2C

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Swap Fees: Protocol generates revenue through trading fees collected from swaps executed on its DLMM and DAMM pools. Fees are dynamically adjusted based on market volatility, with protocol taking a percentage of total trading fees.
2. Protocol Fees: Meteora collects protocol fees from trading activity. The protocol fee is set as a percentage of total trading fees, which includes base fees and dynamic fees from liquidity providers.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Meteora is a Solana-based decentralized liquidity protocol that operates concentrated-liquidity (DLMM), constant-product (DAMM v2) pools and automated yield-optimization vaults (Dynamic Vaults). The platform enables liquidity providers to earn dynamic trading fees, supports token projects with instant on-chain liquidity for launches, and offers stablecoin yield strategies by rebalancing across Solana lending protocols. The native MET token underpins protocol governance and a quadratic-voting DAO.

Product overview

Meteora is a decentralized exchange and liquidity protocol built on the Solana blockchain, originally launched as Mercurial Finance in 2021 and rebranded to Meteora in 2023. The platform operates a multi-product portfolio consisting of DLMM (Dynamic Liquidity Market Maker), DAMM V2 (Dynamic Automated Market Maker V2), and Dynamic Vaults as its core offerings, supported by the native MET governance token. DLMM uses discrete price bins with dynamic fees that adapt to market volatility for zero slippage swaps, while DAMM V2 provides constant-product AMM pools with compounding liquidity and anti-sniper protection. Dynamic Vaults automatically rebalance assets across lending protocols every minute for optimized yields. The platform also maintains Legacy DAMM V1 pools, offers LP Army community education, LP Points incentive programs, and Meteora DAO governance with quadratic voting. Meteora has raised approximately $3.5 million in seed funding from DeFiance Capital, HTX Ventures, and Signum Capital.

Differentiator

Problem solved

Functional benefit

Brands

• LP Army: Educational platform for liquidity providers with courses, community tools, and guidance for LP strategy
• Dynamic Vaults
• DLMM (Dynamic Liquidity Market Maker)
• DAMM v2 (Dynamic Automated Market Maker v2)

Products and services

• Dynamic Liquidity Market Maker (DLMM) Concentrated-liquidity AMM using discrete price bins with dynamic fees that adapt to market volatility for zero-slippage swaps. LPs deposit into custom price bins and earn dynamic fees in real time, with support for volatility-based fee strategies and limit-order-style positions.
• Dynamic Automated Market Maker v2 (DAMM v2) Constant-product AMM pool with compounding liquidity, flexible fee configuration, and built-in anti-sniper protection. Available as Standard Pool (predefined static configurations) or Launch Pool (full customizability, including collect-fee mode, activation timing, and anti-sniper controls) for new token launches.
• Dynamic Vaults Automated yield-optimization vaults that rebalance deposited assets every minute between top Solana lending protocols for optimized yields. Supports USDC, USDT, SOL, stSOL, mSOL, and UXD assets, and integrates with Jup Lend for liquidity allocation.
• Multi-Token Stable Pools Stable asset pools designed to anchor stable liquidity through partnerships with key stablecoin liquidity providers, enabling multi-token stablecoin trading within the Solana DeFi ecosystem.
• MET Token Native governance and utility token of the Meteora ecosystem. Powers the quadratic-voting DAO, LP staking, and shared-revenue model; used for protocol fee participation and governance.
• Legacy DAMM v1 Legacy constant-product AMM pools supporting token prices from zero to infinity, with LPs earning swap fees plus additional yield from lending idle liquidity through Dynamic Vaults. Includes DAMM v1 Farms for staking LP tokens to claim liquidity-mining rewards.
• Meteora DAO Governance Layered protocol governance framework with quadratic-voting mechanics, liquidity provider staking, and a shared-revenue model designed to reduce whale dominance and broaden community participation.

Quantifiable outcome

• Over $800 million in TVL achieved
• +2 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

AI capability2 records

Feature6 records

Partnerships

Four partnerships are on record, tiered core.

• Offside (Audit Firm)coreOthersSecurity audit firm that has audited Meteora's smart contracts as part of the mandatory dual-auditor security protocol.
• OtterseccoreOthersBlockchain security audit firm providing security auditing services for Meteora's protocol as part of the dual-auditor requirement.
• ZenithcoreOthersSecurity audit firm providing audits for Meteora as part of the mandatory dual-auditor security protocol displayed on the Dynamic Vaults page.
• JupitercoreTechnology or IntegrationJupiter is Solana's dominant DEX aggregator that routes trades to Meteora pools. Meteora competes with Raydium for Jupiter-routed liquidity, while benefiting from Jupiter's routing to access retail volume. Jupiter processes over $60M daily in trading volume.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Curve Finance: Leading AMM for stable assets and low-slippage swaps. Relevant as Meteora's Multi-Token Stable Pools and Dynamic Vaults compete for similar stablecoin liquidity flows.
• PancakeSwap: Multi-chain DEX with significant Solana presence. Overlapping LP, token-launch, and yield-farming audiences make it a relevant broader DEX incumbent.
• Uniswap: The largest DEX by volume across chains and category-defining AMM. While primarily on Ethereum/L2s, Uniswap sets the architectural and competitive baseline for all AMMs including Meteora's DLMM.

Emerging players

• Kamino Finance: Solana-native DeFi protocol for liquidity management and lending markets, intersecting directly with Meteora's Dynamic Vaults and rebalancing strategies.
• Drift Protocol: Solana perps and spot DEX combining AMM and order-book models. Relevant emerging peer given shared Solana liquidity and yield/trading audience overlap.
• Trader Joe: Multi-chain DEX with concentrated-liquidity AMM (Liquidity Book). Comparable LP-focused AMM design and token-launch utility, though primarily on Avalanche and Arbitrum.
• Hyperliquid (HIP-1) DEXes: Hyperliquid's HIP-1 native token-issuance and AMM-style pools enable similar token launch and liquidity functionality. Represents an emerging alternative AMM surface outside Solana that could divert future token-launch volume.

Direct peers

• Jupiter: Solana's dominant DEX aggregator that routes trades through Meteora pools while also operating competing swap infrastructure. The integration is symbiotic yet competitive, since Jupiter controls the user-facing swap layer.
• Raydium: Solana's largest AMM/DEX and Meteora's closest direct competitor on Solana. Both compete for Jupiter-routed volume and token launch liquidity, with overlapping LP and token-launcher audiences.
• Orca: Major Solana DEX (CLMM-based) competing with Meteora for retail liquidity and token launch flow. Both target similar LP and token-project segments on Solana.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights9 records

Customer concentration

• Xx.com/MeteoraAG

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors5 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments3 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Meteora