Imo, Meteora is the most obvious sleeping giant on Solana. ☄️
The protocol processes ~$625M in fees a year and still $MET trades at just $85M market cap.
The tech is everywhere:
→ Its launch engine powers a large share of new Solana tokens
→ Over $1B in trading volume flows through its pools every week
→ ~$58M/year in protocol revenue. The token trades at ~1.5x that
So why is the token asleep? 🤔
Because only a slice of that revenue reaches $MET. Roughly $19M/year flows to buybacks today, and the pace stays at the team's discretion. The market doesn't pay up for promises it can't verify.
Uniswap made the opposite choice in December: a fixed % of fees now burns UNI, written into code.
Meteora has the revenue. It has the tech. It has proven intent.
One rule separates a sleeping giant from a repriced one.
