Meteora
Meteora is a Solana liquidity protocol offering DLMM (bin-based concentrated liquidity with dynamic fees), DAMM v2 constant-product pools, and the Dynamic Bonding Curve (DBC) used by launchpads to launch tokens that graduate into DAMM v2 pools.
Cost: Traders pay the pool's fee, which each pool sets: DLMM uses a base plus a volatility-driven variable fee capped at 10%, DAMM v2 pools range from 0.01% up to a 99% cap, and DBC launch curves charge at least 0.25%. Meteora does not publish a separate interface fee, so the platform round trip is not stated.
Checked 2026-10-16 · sources below- Round trip fee
- — buy + sell, platform fee
- $1,000 buy + sell
- — before network + pool fees
- US availability
- Not available UK: available · EU: available
- Custody
- non-custodial
- KYC
- none
- Platforms
- web
- Launched
- —
Users paid Meteora about $51.8M in fees in the 30 days to 2026-10-17 (DefiLlama) — a rough measure of how much it is actually used.
Best for: Solana LPs who want dynamic-fee concentrated liquidity, and launchpads that need configurable bonding curves.
Meteora fees
| Fee | Type | Rate | Applies to | Note |
|---|---|---|---|---|
| DLMM pool fee | lp | — | Buy and sell | Base fee plus variable fee that rises with volatility; total capped at 10% |
| DLMM protocol share | protocol | — | Buy and sell | 10% of trading fee on standard pools, 20% on Launch Pools; rest to LPs |
| DAMM v2 pool fee | lp | — | Buy and sell | Configurable base fee (min 1 bps) plus optional dynamic fee; schedulers can start high and decay; cap 99% |
| DAMM v2 protocol share | protocol | — | Buy and sell | Defaults to 20% of the trading fee |
| DBC bonding-curve fee | protocol | — | Buy and sell | Set by the launchpad; minimum base fee 0.25%, total cap 99%; protocol receives 20%, the rest split between partner (launchpad) and creator |
| DBC protocol liquidity migration fee | protocol | 0.2% | Buy and sell | Fixed 0.2% taken from liquidity when a DBC pool graduates; partner/creator migration fees are configurable on top |
| Referral (host) fee | other | — | Buy and sell | When a swap passes a referral account, the host gets 20% of the protocol fee; paid out of the protocol fee, not added to it |
How DEX fees work: instead of a platform fee, each swap pays the fee of the pool it routes through (listed above where published). The interface itself may add its own fee.
Platform fees only. On-chain network/priority fees, pool (LP) fees and price impact are extra and vary by trade.
Is Meteora legit?
Users provide liquidity and swap from their own Solana wallets; the Meteora site swaps through an embedded Jupiter Terminal or a pool's Swap tab.
Incidents on record
- 2025-10-23: Co-founder named in memecoin class action. Fortune reported a putative class action by Burwick Law alleging Meteora co-founder Benjamin Chow and Hayden Davis orchestrated memecoin launches, including $MELANIA, and sold at peak prices. These were allegations; Chow has denied receiving insider information or tokens. Source
- 2026-09-29: Federal judge dismisses LIBRA and M3M3 class action. In Hurlock v. Kelsier Labs, the Southern District of New York dismissed the amended complaint with prejudice, finding the plaintiffs did not plausibly plead fraudulent intent or that Meteora is an unincorporated association that can be sued, and denying leave to add MELANIA, ENRON and TRUST claims. Solana Compass is the main report of the ruling; the docket was not checked. Source
- 2026-01-17: Impersonation scam listed against Meteora DAMM v2. DefiLlama's hacks database lists a Meteora DAMM V2 incident classified as social engineering (impersonation scam) with about $1.5M lost. No Meteora post-mortem was found. Source
Where Meteora is available
| Region | Status |
|---|---|
| United States | Not available |
| United Kingdom | Available |
| European Union | Available |
Terms of Service (Meteora Nova Limited, BVI law) define a Restricted Territory that includes the United States, China, Russia, Myanmar, Cuba, Iran, North Korea, Syria and the British Virgin Islands, plus any place under US or EU sanctions. People who reside in, are citizens of or are incorporated in a Restricted Territory may not use the app, and VPN use to get around this is banned. The UK and EU member states are not named. Meteora may also run KYC/AML checks. (source)
We report what the venue's own terms say. Don't use a VPN to get around restrictions; venues can freeze accounts that do.
Pros and cons
Pros
- DLMM pools raise fees during volatility, so LPs earn more when risk is higher.
- Standard DLMM pools pass 90% of trading fees to LPs.
- Referral host fees come out of the protocol share rather than being added to the trader's cost.
- DBC requires at least 10% of liquidity to remain locked at day 1 after migration.
Cons
- Pool fees vary by pool and can be set very high; DAMM v2 and DBC allow up to 99%.
- Co-founder Benjamin Chow was named in a memecoin class action reported in October 2025; it was dismissed in September 2026.
- Terms of Service list the United States and several other countries as Restricted Territories.
Features
concentrated liquiditydynamic feesbonding curvetoken launchpad infrastructurelimit ordersliquidity lockspresale vaults
Alternatives to Meteora
Orca
Solana traders and LPs who want a concentrated-liquidity DEX with no interface fee and a wide range of pool fee tiers.
0%Round trip
Uniswap
Traders and liquidity providers who want direct access to Uniswap pools across many EVM chains without an interface fee.
0%Round trip
Aerodrome
Base traders and LPs, especially those who lock AERO to vote and earn swap fees.
PancakeSwap
BNB Chain traders and LPs who want deep v2/v3 liquidity and lower fee tiers than a 0.30% default.
Where Meteora ranks
- #1 in Crypto trading venues available in the UKof 8
- #3 in Best Solana DEXes and aggregatorsof 9
- #3 in Best DEXes for memecoinsof 10
- #3 in Crypto trading venues available in the EUof 10
- #4 in Best no-KYC crypto exchangesof 10
Explainers related to Meteora
Meteora FAQ
Is Meteora legit?
Meteora is a Solana liquidity protocol whose DLMM, DAMM and DBC programs are documented publicly. In October 2025 Fortune reported a class action over memecoin launches involving co-founder Benjamin Chow; a federal judge dismissed it on September 29, 2026, per Solana Compass. DefiLlama lists a $1.5M impersonation scam tied to DAMM v2 in January 2026.
What fees does Meteora charge?
Each pool sets its own fee. DLMM charges a base fee plus a volatility-based variable fee capped at 10%. DAMM v2 pools start at 1 bps minimum. DBC launch curves charge at least 0.25%.
How much of Meteora's fees go to LPs?
On standard DLMM pools the protocol keeps 10% of trading fees and LPs get 90%. DLMM Launch Pools and DAMM v2 default to a 20% protocol share.
What is Meteora's Dynamic Bonding Curve?
DBC is a configurable bonding curve that launchpads use to launch tokens. Fees go 20% to the protocol and the rest to the launchpad and creator. On graduation, a fixed 0.2% migration fee applies and liquidity moves to DAMM v2.
Sources
Last checked . Fees and terms change often; the venue's own page wins if it disagrees with ours.
- Meteora docs: DBC fees — checked 2026-10-16
- Meteora docs: DBC migration and liquidity — checked 2026-10-16
- Meteora docs: DAMM v2 fees — checked 2026-10-16
- Meteora docs: DLMM formulas (fee cap, protocol share, host fee) — checked 2026-10-16
- Meteora docs: What is DLMM — checked 2026-10-16
- Meteora docs: How to swap tokens on Meteora — checked 2026-10-16
- Meteora docs: MET airdrop disclaimer — checked 2026-10-16
- Fortune: Melania Trump memecoin team court filing names Benjamin Chow and Hayden Davis — checked 2026-10-16
- DefiLlama hacks database — checked 2026-10-16
- Meteora Terms of Service (Restricted Territory) — checked 2026-10-16
- Solana Compass: Judge dismisses LIBRA and M3M3 class action — checked 2026-10-16