Meteora (MET)

Most people see Meteora as a DEX. It's the liquidity layer Solana quietly runs on.

> @MeteoraAG lets anyone provide liquidity (deposit a pair like SOL and USDC) and earn fees on every trade.
• 90% of fees go to the liquidity provider
• 10% goes to the protocol

> You can place Limit Orders on any token & earn ~50% of swap fees on fills, first on a Solana AMM

> $MET staking is coming soon (End of Q2)
Stake $MET, get a code, earn from your referred volume, paid in USDC.

1. TOKENIZED EQUITIES
When SpaceX IPO'd, $SPCX went live on Solana the same day, liquidity seeded by Meteora. Micron ($MU) days later.
• Tokenized stocks trade on Meteora's DLMM pools, paired vs USDC and SOL
• Solana tokenized equities just did $1B+ in a single week

2. THE LAUNCHPAD ENGINE
Not the loudest launchpad, the infrastructure they're built on.
• Its Dynamic Bonding Curve powers Believe, BAGS, and Jupiter Studio
• Captures ~20% of launchpad trading fees
• Earns regardless of which launchpad wins

3. $MET is very undervalued. Here is why:
· MC ~$80M
· FDV ~$150M

> FINANCIALS
• ~$40M treasury ($32M USDC + $5M SOL), ~53% of market cap
• ~$18M net cash flow in Q1
• $114B lifetime volume
• $640M lifetime fees
• 4.5% of $MET supply bought back (~$13M)

The LP Army is just getting started.

NFA, DYOR.

MC / Ann Rev experiment: Week 2 Update

Two weeks ago, I bought $1,000 of each asset with a low MC / annualized revenue.

Last week, the portfolio was up $960.
This week, profit cooled down a bit, but the experiment is still green:

• Original basket: $10,000 invested
• Current PnL: +$688.10
• ROI: +6.9%

The gains are still mostly from MET, CARDS, and AERO, which are all up more than 40% each.

I also added two new assets to the experiment this week: GMX and MAPLE.

That brings the total invested amount to $12,000, but I’ll track them separately next week since they were added at the current snapshot.

HNT and PUMP are the biggest drags so far. Let's see if that changes.