Meteora

MET#191DeFi DEX Solana

Confirm official data

$0.2783

-18.6%past year

Code is quiet, $27M in fees this month, sources agree.

Code

Only 17 commits in 90 days, 3 people

Human commits in the five most recently pushed repos.

Nov 9Nov 1

Last push: Nov 4, 2026

mercurial-finance · DefiLlamaMeteoraAg · CoinMarketCap

Usage

$27M in fees over 30 days

Fees include what users pay to everyone, not just the protocol. Source: DefiLlama.

Nov 5Nov 4

Revenue, 30d: $3.42M
TVL: $259M

Numbers

CoinGecko and CoinMarketCap agree

CGCMC

Price$0.2957$0.2954Agree

Supply565M557MAgree

Mcap$167M$165MAgree

Volume$15.8M$19.1M×1.21

We show both and don’t say which is right. CoinGecko, CoinMarketCap

Paper → real

About $167M of $295M is real

Selling everything at 2% a day would take 107 days.

Paper (all tokens)$295M

Market cap$167M

Real$167M

Real is the market cap scaled down when its order-book depth is below what is typical for a token of its size. An estimate, not a price.

DEX pools turned over 117× their liquidity in a day: churn more than a market.

Where it lives

2 tokens under its ticker that no list knows

Home contract: Solana METvsv…mWQL

HomeSolanaMeteora METvsv…mWQL$7.23M

Chain bridgeBaseMetronome2 0x93dc…35a5$35.7K

Chain bridgeOptimismMetronome2 0x9a2e…7836$28.8K

UnknownSolanaMeteora METpck…Z1eK$12.5claims $112M

UnknownBaseMET - Meteora 0x8D43…9905$1.23claims $75.7K

Copies are what DEX search finds under the same ticker. Liquidity counts only pools against real assets; a pool against a made-up token can claim any figure.

Leverage

$9.28M in open futures, 5.6% of the market cap

Closing them all by force would take 6 days of 2% sell depth.

Funding, 8h: +0.0011% · longs pay shorts
Futures volume: $16.4M · 1× the spot volume · open interest turned over 1.8×
Liquidated, 24h: longs $291 · shorts $229
Venues: Bybit, OKX, Hyperliquid, Binance

Perpetual futures on Binance, Bybit, OKX and Hyperliquid, read hourly; CME and other venues are not counted. Liquidations from Bybit (every one), Binance (the largest per second) and OKX (its latest orders each hour): a lower bound.

Where Hyperliquid positions get liquidated

longs, closed below the priceshorts, closed above

within 5%: longs $0 below · shorts $0 above

10 open positions of the largest accounts and busiest traders, whose liquidation prices Hyperliquid publishes. Exact, not a model, but Hyperliquid only.

On-chain