Meteora's Q1 2026 Token Holders' Report is live.
Markets cooled. Volumes and fees came down. But the business model held, and in some areas, got meaningfully stronger.
Here's a thread breaking down the quarter. Full report at ir.meteora.ag
The Meteora Genesis Summary is here.
This will outline the @MeteoraAG protocol as a full business — from the origins, to tokenomics and business fundamentals.
Let's take a closer look at Meteora's journey since inception, through the numbers.
Introducing: State of Meteora
Keeping in line with our commitment to deliver business updates periodically, we will be introducing “State of Meteora” - a monthly look into Meteora’s key business lines and the metrics that matter the most to our users and token holders.
The Dynamic Liquidity Market Maker (DLMM) pools are one of Meteora’s many crowning jewels.
Just this year, DLMM pools have facilitated:
• ~93% of all volumes on Meteora
• ~13% of all volumes on @solana (!!)
Dynamic Fees are the single most powerful force in DLMM LP’ing.
The LP Army lives for this feature, but most people still don’t realise how underrated it is and how it lets our LPs cook harder than anywhere else in crypto.
Here’s a quick breakdown and what you should know.
All data shared will come from publicly available sources, ensuring everyone learns about our progress at the same time.
Unlike in TradFi, where companies act as the sole gatekeepers of their financial information, we won’t rely on controlled disclosures.
Instead, we’ll
As always, we will continue to build in the open, guided by the voices of our users and token holders.
We’re approaching a new dawn for Meteora, one which is not defined just by innovation in liquidity, but by transparency, accountability, and shared ownership in everything we
Expect monthly snapshots and deeper quarterly reports or calls.
Our goal is simple: to communicate transparently, both the good and the bad, to all $MET holders, retail and institutional alike.
To that end, we’re introducing @MeteoraInside — your go-to channel for key business metrics and investor insights. While @MeteoraAg continues to share product and tech updates, this account will focus on the health and progress of Meteora as a business.
How to Understand Meteora as a Business
As a business, Meteora earns from liquidity flows, token launches, and on-chain activity — the picks and shovels of Solana’s growing economy.
Over the last 12 months, we’ve generated more than $1.2B in fees, with >$1B going directly to
We all know what Meteora’s tech can do: from empowering retail LPs to enabling launchpads that power entire capital markets.
But as we move toward TGE, it’s time to view Meteora through another lens — as a business that generates real revenues. Future $MET holders and skeptics
The LGE is only the beginning for Meteora.
With the foundation now in place, Meteora enters its next phase: scaling liquidity, deepening partnerships, and building the future of on-chain markets.
The journey has only begun.
Read the full summary here:
Metrics that matter for @MeteoraAG on TGE day
1. Meteora daily volume: $633m +13% MoM
👉Most volume from Dynamic Liquidity Market Make
2. Meteora daily fees: $4.5M +309% MoM
👉Most fees comes from LPs
3. Meteora daily revenue: $579k +366% MoM
👉Annualized revenue is $170m+
Token Transparency
This section details the MET token distribution plan towards LGE.
From mints to vault transfers, all 1B of MET has been accounted for, and all transactions have been documented in this section.