Meteora
MET
Evaluation Score
Overall rating on a scale of 0-10
Dimension Breakdown
AI Analysis
Comprehensive evaluation of the token
MET (Meteora) is a dynamic liquidity market maker (DLMM) protocol on Solana demonstrating strong active development (8.5/10), characterized by consistent semantic versioning, SDK updates, and integration across the Solana ecosystem. Market presence and use case (7.0/10) remain sound with healthy trading volumes and tier-1 exchange listings, though accompanied by exchange Seed Tags. Community engagement (6.5/10) is active on governance forums but lacks formal on-chain DAO mechanisms. The evaluation is tempered by tokenomics (5.5/10) due to significant insider vesting unlocks (~18% of total supply) and currently limited utility beyond governance. Team and governance (5.5/10) reflect an opaque leadership transition following the wind-down of its predecessor protocol (Mercurial Finance). Security and audit history (5.0/10) is audited without core-contract compromises, but reflects operational vulnerabilities including a $1.5M OTC escrow loss in January 2026 and an ANB pool MEV manipulation exploit in May 2026. None of these incidents meet the qualifying threshold for a mandatory red-flag cap.
Development Activity
Code updates and developer engagement
Community Support
Social media presence and community engagement
Tokenomics
Supply, distribution, and utility
Market & Use Case
Value proposition and competitive landscape
Team & Governance
Team background and project governance
Security & Audits
Security history and audit status
About Meteora (MET)
Meteora (MET) is a dynamic liquidity market maker (DLMM) and decentralized exchange protocol on the Solana blockchain, originating from the 2023 rebrand of Mercurial Finance after the predecessor protocol was wound down following the collapse of FTX. The protocol is designed to facilitate decentralized finance liquidity through dynamic liquidity pools, developer software development kits, and integrations with Solana trading platforms such as Jupiter's Metis. MET is the native token with a fixed total supply of 1,000,000,000 tokens, primarily functioning as a governance token.
The project maintains active technical development across its client repositories and dynamic liquidity modules. Governance for the protocol operates off-chain through a consultative community Discourse forum rather than direct on-chain decentralized autonomous organization voting. MET is listed across several centralized exchanges, where it carries risk indicators such as Seed Tags due to volatility. The token's distribution structure includes transparent vesting schedules, with ongoing team allocations representing approximately 18% of the total supply, and fee-sharing mechanisms remaining unactivated.
Meteora has been subject to operational security issues and pool-level exploits. In January 2026, the protocol disclosed a $1,500,000 USDC loss resulting from a social engineering scam involving a fraudulent over-the-counter escrow setup during a token buyback. In May 2026, a maximal extractable value (MEV) bot executed a price-manipulation attack on Meteora's ANB liquidity pool, turning $0.22 into approximately $696,000 and triggering a 99% price collapse in the third-party ANB token. Furthermore, the protocol underwent an opaque leadership transition in winter 2024–2025, and ecosystem-associated individuals have faced unverified public allegations regarding extractive memecoin launches.