Meteora, a prominent decentralized exchange (DEX) on the Solana blockchain, is attracting significant attention ahead of its upcoming token generation event (TGE) scheduled for this Thursday. The exchange’s native token, MET, is currently valued at approximately $1 billion fully diluted valuation (FDV) based on pre-market perpetual derivatives trading.
The pre-market trading for MET began on October 10 via Hyperliquid, where it initially opened with a valuation of $1.8 billion. Despite facing a downturn in the broader cryptocurrency market shortly thereafter, MET has maintained substantial value and is presently trading around $1 per token, reflecting the $1 billion FDV.
In a recent development, Meteora introduced a new suite of products designed to enhance its platform’s utility and appeal. The update features three main components: presale vaults, a launchpad named “Meteora Invent,” and a dynamic fee mechanism. These tools are intended to position Meteora as a leading platform for token launches within the Solana ecosystem, offering flexibility for various launch formats as well as innovative fee distribution methods.
Meteora’s growth trajectory significantly accelerated in early 2025. Although most decentralized exchange volume on Solana throughout 2024 was dominated by Raydium—partly due to projects like pumpfun that utilized Raydium as their default token bonding curve DEX—Meteora experienced a surge in activity in January 2025. This spike was largely driven by the launch of the TRUMP memecoin, whose initial liquidity pool was established on Meteora.
During that notable month, Meteora processed approximately $40 billion in volume, constituting around 18% of its cumulative trading volume to date, which totals $224 billion. This milestone positioned Meteora as the third-largest Solana-based DEX by cumulative volume.
The newly launched product suite underscores Meteora’s strategy to diversify its offerings and attract a wider user base. The presale vaults are expected to streamline early-stage token sales, while “Meteora Invent” aims to facilitate a range of launch events efficiently. Meanwhile, dynamic fees will provide adaptable pricing structures to better suit market conditions and incentivize platform engagement.
As Meteora prepares for its official token launch, market participants and Solana enthusiasts are closely monitoring its development and trading performance. The platform’s expansion efforts and strong volume metrics highlight its growing role in the decentralized finance (DeFi) landscape.
