DEXes · Review
ActiveMeteora DAMM V1 Review 2026: Solana Stable Pools
Meteora DAMM V1 is a Solana liquidity pool product focused on stable and pegged assets, with about $45.2 million in TVL. The main takeaway is that it is a sizeable Solana venue, but public sources list no audits and no fee details.
By the DappsAtlas editorial team · Updated
DappsAtlas score
6.2/10
Mixed
Our verdict on Meteora DAMM V1
6.2/10Meteora DAMM V1 suits Solana users who want to swap or provide liquidity in stable and pegged asset pools. Its main strength is meaningful liquidity, with about $45.2 million in TVL. The main caveat is that public sources list no audits and no fee figures, so check audit reports and pool fees yourself, and treat liquidity provision as risky.
Score breakdown
How Meteora DAMM V1 scores
- Security
- 5.0/10
- Ease of use
- n/a
- Fees
- n/a
- Features
- 6.0/10
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 DAMM V1?
Meteora DAMM V1 is a liquidity pool product from Meteora on Solana. DefiLlama files it under DEXs and describes Meteora Pools as building infrastructure for stable and pegged assets on Solana.
At the time of the data, total value locked was about $45.2 million, up 2.0% over seven days. DefiLlama associates the project with a token, MET, and lists Solana as its only chain.
the public information available are thin on product detail. The homepage meta text refers to stable assets and dynamic vaults, but no further description, fee table or audit list is provided.
How Meteora DAMM V1 works
Meteora DAMM V1 is an automated market maker (AMM) on Solana. Instead of an order book, users trade against pools of tokens. Liquidity providers deposit assets into a pool and earn a share of trading fees.
The project focuses on stable and pegged assets. Pools of similar-priced tokens usually see less price movement, which can reduce impermanent loss compared with volatile pairs. The homepage meta text mentions dynamic vaults, which suggests idle liquidity may be managed through a vault layer, but the project does not give details.
4 features
Key features
01
Stable asset pools
DefiLlama describes the pools as infrastructure for stable and pegged assets on Solana.
02
Dynamic vaults
The homepage meta text refers to stable assets and dynamic vaults, suggesting liquidity is tied to a vault layer. The project does not explain how it works in detail.
03
Solana-native DEX liquidity
The product is listed as a DEX on Solana with about $45.2 million in TVL, up 2.0% over seven days.
04
Protocol token
A token with the ticker MET is associated with Meteora in the DefiLlama data.
Pros and cons
What we like
- About $45.2 million in TVL shows meaningful liquidity on Solana
- Focus on stable and pegged assets can suit lower-volatility liquidity provision
- Tracked on DefiLlama with a public Twitter account for updates
- Solana transactions are generally fast and low-cost
- TVL rose 2.0% over the past seven days
Watch out for
- No audits are listed in the DefiLlama data, so security has to be checked elsewhere
- Fee levels are not given publicly, so costs cannot be compared with other Solana pools
- Liquidity providers face impermanent loss and smart-contract risk, as with any AMM
- Runs only on Solana, so it is not an option for users on other chains
- Its homepage is minimal, so detail on the current product set is limited
Meteora DAMM V1 fees
Fees are not published. Swap fees on AMM pools are usually set per pool and paid to liquidity providers, but the exact rates for Meteora DAMM V1 should be checked on each pool page in the app.
Solana network fees apply to every transaction, and they are usually small. No protocol-level fee or performance fee figures are given here.
Is Meteora DAMM V1 safe?
DefiLlama lists no audits for this product. That is a gap to investigate, since audit reports would normally be on the project's docs or site. Like any on-chain pool, it carries smart-contract risk, and liquidity providers bear impermanent loss and depeg risk on stable assets.
Public sources say nothing about team disclosure, incidents or regulatory status. Users keep custody through their own wallets when using a DEX, so wallet security is their responsibility.
6 steps
How to get started with Meteora DAMM V1
- 1
Install a Solana wallet and fund it with SOL for network fees.
- 2
Open the official Meteora app and connect the wallet.
- 3
Browse the pools and check the pair, TVL and fee rate before choosing one.
- 4
Look up audit reports and docs on the official site to understand the risks.
- 5
Start with a small deposit or swap to learn how the interface works.
- 6
Monitor your position, since pegged assets can drift from their peg.
Who Meteora DAMM V1 is for
This is for Solana users comfortable with wallets and DeFi who want exposure to stable or pegged asset pools, either to swap or to earn fees as a liquidity provider. It is not suited to anyone unwilling to accept smart-contract and depeg risk.
Meteora DAMM V1 FAQs
What is Meteora DAMM V1?
Meteora DAMM V1 is a set of liquidity pools on Solana aimed at stable and pegged assets. DefiLlama lists it in the DEX category and describes Meteora Pools as infrastructure for stable and pegged assets on Solana.
Which blockchain does Meteora DAMM V1 use?
Public sources list Solana only. DefiLlama shows no other chains for this product.
Does Meteora have a token?
DefiLlama lists a token with the ticker MET for Meteora. The project does not describe its utility or distribution, so check the official site for details.
Has Meteora DAMM V1 been audited?
The DefiLlama data lists zero audits for this product. That does not mean no audit exists, but readers should look for audit reports on the official site and docs before depositing.
Is providing liquidity on Meteora risky?
Yes. Providing liquidity carries impermanent loss, smart-contract risk and the risk that a pegged asset loses its peg. Only deposit funds you can afford to lose.
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How we checked
Sources
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