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Meteora: score, security record and what it is for

71/100SCORE · BTrusted Grade B, very good

Meteora runs dynamic liquidity pools on Solana and is a primary venue for new token launches. Its protocol record is clean, though the launch activity it hosts includes a great deal of low quality supply.

The facts

LIVE SINCE: 2023
TYPE: Dynamic liquidity AMM
CHAINS: Solana
SWAP FEE: Dynamic, set per pool.
AUDITS: Audited.
WHO CAN CHANGE IT: MET token governance, with meaningful team control.

How the score breaks down

security20/30

liquidity19/25

chains8/15

costs14/15

decentralisation10/15

Where it is strong and where it is not

✓ Strengths

Dynamic liquidity pools adapt to volatility
Major venue for new Solana token launches
No core exploit on record

✗ Weaknesses

Younger than Orca and Raydium
Heavy exposure to memecoin launch activity
More centralised control

Exploit history

No exploit of the core contracts on record.

Our read

Central to Solana launch activity, which means both real volume and a lot of very poor quality tokens passing through. The protocol record is clean.

BEFORE YOU SWAP

Swap keeps failingSlippage, approvals, taxes and thin liquidity. Revoke approvalsEvery swap leaves a permission behind. Clear them. Gas tokensWhy you need the chain's native coin first. Pick a walletYou need self custody before you can use any DEX.

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