Meteora, the third-largest decentralized alternate (DEX) on Solana by cumulative quantity, is gearing up for its token launch on Thursday, and pre-market perpetual derivatives are pricing the token at a $1 billion absolutely diluted valuation (FDV).
The MET pre-market on Hyperliquid opened on Oct. 10 at a $1.8 billion valuation, simply 12 hours earlier than the altcoin market collapsed. Whereas the valuation held up post-crash, MET has slowly fallen since, and now trades at $1, or a $1 billion FDV.
MET Perp – Hyperliquid
Earlier at present, the DEX additionally unveiled a brand new product suite, together with presale vaults, a launchpad dubbed “Meteora Invent,” and dynamic charges.
The three-pronged strategy goals to make Meteora a go-to vacation spot for token launches on Solana, enabling a number of launch sorts and versatile charge distribution mechanisms.
Whereas most Solana DEX quantity befell on Raydium in 2024, because of pumpfun utilizing Raydium as its default token bonding DEX, Meteora volumes exploded in January 2025 because the TRUMP memecoin’s preliminary liquidity pool was on Meteora. That month alone, the DEX processed $40 billion, accounting for 18% of its cumulative $224 billion in quantity.
