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Meteora Review 2026: Solana Liquidity Platform and DEX

Meteora is a Solana-based DEX and liquidity platform that launched its MET token in October 2025. It suits users who already provide liquidity on Solana, but the token is new and its fee and audit details are not published in the sources.

Solana

By the DappsAtlas editorial team · Updated Nov 5, 2026

DappsAtlas score

6.8/10

Good

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Our verdict on Meteora

6.8/10

Meteora is a Solana DEX and liquidity platform with a history going back to 2021 and a native MET token launched in October 2025. It is best for users already comfortable with Solana wallets and liquidity pools. Its main strength is a focus on liquidity for trading, yield and token launches. The main caveat is that fees, audits and team details are not published in the sources, and the new token has been volatile. Newcomers should start small and read each pool's terms first.

Score breakdown

How Meteora scores

Security: n/a
Ease of use: n/a
Fees: n/a
Features: 7.0/10

Scores run from 0 to 10 and are based only on facts we could verify. Where information was missing we mark the score n/a rather than guess.

What is Meteora?

Meteora is a decentralized liquidity platform on the Solana blockchain. It is described as a DEX that aims to make trading, earning yield and launching tokens easier. The project says it first launched in 2021, so it has several years of operating history on Solana.

In October 2025 it launched its native MET token. Coverage at the time reported about 48% of the 1 billion total supply (around 480 million tokens) released immediately. It went to early supporters, liquidity providers and ecosystem contributors. One report put the valuation at roughly $550 million at launch, and later market pages show the price has fluctuated since.

The sources reviewed do not publish a fee table, audit list, team details or governance structure for the platform.

How Meteora works

A DEX replaces an order book with liquidity pools. Users deposit pairs of tokens into a pool, and traders swap against that pool at a price set by the pool's rules. Providers earn a share of the fees traders pay.

Meteora applies this model on Solana and is described as a dynamic liquidity platform. The sources do not detail its pool designs, so the exact mechanics are not covered here. Check each pool's documentation before depositing.

The MET token sits alongside this system. It launched in October 2025, and part of the supply went to liquidity providers and early supporters. Any governance or incentive role is not detailed in the sources.

5 features

Key features

Solana liquidity platform

Meteora is described as a decentralized liquidity platform on Solana. It is built around making liquidity more efficient for traders and providers.

On-chain token trading

As a DEX, it lets users swap tokens on-chain from their own wallets, without an account at a centralized exchange.

Yield for liquidity providers

Users can supply tokens to pools and earn a share of the trading activity, which is the core way yield is generated on this type of platform.

Token launch support

Descriptions of the platform say it also supports launching tokens, so projects can bootstrap markets on Solana.

Native MET token

MET launched in October 2025 with a 1 billion total supply. About 48% was released at launch to early supporters, liquidity providers and ecosystem contributors.

Pros and cons

What we like

Operates on Solana, which generally offers fast and low-cost transactions.
Has been live since 2021, according to descriptions of the project.
Covers trading, yield and token launches in one platform.
MET gives liquidity providers and early supporters a stake through the token launch.
Non-custodial DEX model means users keep control of their own wallets.

Watch out for

Fee levels, pool parameters and revenue sharing are not set out in the sources, so costs are hard to judge in advance.
Liquidity providers face impermanent loss, which can leave them worse off than holding the tokens.
The MET token launched in October 2025, so its track record is short and the price has moved sharply since.
Smart-contract risk applies, and the sources do not describe audits, team details or any incident history.
Solana-only reach means users need a Solana wallet and have no direct access from other chains.

Meteora fees

Meteora's fee schedule is not published in the sources reviewed. Pool-level trading fees, any protocol cut and token-specific costs are not stated, so no figures are given here.

Users would normally see the swap fee and price impact in the trading interface before confirming. On Solana, every transaction also needs a small network fee paid in SOL. Compare pool fees with expected volume before adding liquidity.

Is Meteora safe?

The sources do not describe audits, bug bounties or an incident history for Meteora, so readers should look for these in the project's own documentation before depositing. Like any DEX, it carries smart-contract risk, and liquidity providers also face impermanent loss and token price risk.

As a DEX, trading happens from your own wallet and no central operator holds your funds. That removes exchange custody risk but makes wallet security your responsibility. Regulatory status is not covered in the sources, so check the rules for DeFi and token trading where you live.

6 steps

How to get started with Meteora

1
Set up a Solana-compatible wallet and keep its recovery phrase offline.
2
Fund the wallet with SOL for network fees plus the tokens you plan to trade or supply.
3
Open the Meteora app through a link you have verified, and connect your wallet.
4
For a swap, choose the token pair and review the quoted price, fee and price impact before confirming.
5
For liquidity provision, read each pool's pair, fee setting and risks, and start with a small amount.
6
Check your position regularly and withdraw if the pool no longer suits your goals.

Open Meteora

Who Meteora is for

Meteora suits Solana users who want to swap tokens or earn fees by providing liquidity, and projects looking to launch a token on Solana. It is less suited to beginners who are unfamiliar with impermanent loss or self-custody, and to anyone who needs published audit and fee details before using a protocol.

Meteora FAQs

What is Meteora?

What is the MET token?

MET is Meteora's native token. It launched in October 2025 with a total supply of 1 billion, and about 48% (roughly 480 million tokens) was released at launch. Distribution went to early supporters, liquidity providers and ecosystem contributors.

Which blockchain does Meteora use?

Meteora runs on Solana. You need a Solana-compatible wallet and a small amount of SOL for network transaction fees.

Is it safe to provide liquidity on Meteora?

Providing liquidity carries risk. Pool prices can move against you, which causes impermanent loss, and smart-contract bugs or token price drops can cost you funds. Only commit what you can afford to lose and check pool details before depositing.

What does Meteora cost to use?

The sources do not publish a fee schedule. Pool-level trading fees and Solana network fees are normally shown in the app before you confirm a transaction, so check there.

Does Meteora hold my funds?

The sources do not describe a custodial service. As a DEX it works from your own wallet, so you keep control of your keys and are responsible for protecting them.

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