Why Meteora (MET) Is Rising Today?

Meteora (MET), one of the leading decentralized liquidity protocols built on Solana, is gaining strong attention today as its native token posts a double-digit rally. MET is up around 11%, trading near $0.288, while 24-hour trading volume has surged by nearly 188%, signaling renewed interest from traders and investors alike.

The move isn’t happening in isolation. Behind the price action lies a sharp acceleration in Meteora’s on-chain performance, positioning it as one of the strongest-performing DeFi protocols in the market right now.

MET Token Price/Source: Coinmarketcap

Strong On-Chain Metrics Fueling MET’s Rally

According to the latest data from DeFiLlama, Meteora has delivered exceptional performance over the past 30 days, standing out even among large, multi-chain competitors.

Most notably, Meteora currently ranks first in protocol revenue, generating approximately $11.71 million over the last month. This achievement highlights the protocol’s ability to efficiently monetize trading activity and liquidity usage — a critical metric for long-term sustainability in DeFi.

Meteora Revenue/Source: Defillama

At the same time, Meteora ranks third in total DEX trading volume, recording an impressive $27.999 billion in 30-day volume. What makes this especially notable is that Meteora operates exclusively on Solana, yet it is competing directly with established decentralized exchanges that span dozens of blockchains.

This combination of top-ranked revenue and elite-level trading volume reflects strong organic usage rather than short-term speculation — a key reason why the MET token is drawing fresh demand.

Meteora DEX Volume/Source: Defillama

Why Revenue and Volume Matter for MET

High revenue signals that users are actively trading and paying fees, while strong volume confirms consistent liquidity flow across the protocol. Together, these metrics suggest that Meteora is not only attracting users but also retaining them.

In DeFi markets, tokens tied to protocols with rising cash flow and real utility often outperform during periods of renewed market confidence. Meteora’s recent data clearly places it in that category.

As traders increasingly rotate toward protocols showing real economic strength, MET stands out as a beneficiary of this broader shift toward fundamentals-driven valuations.

Market Outlook for Meteora

With Meteora leading all DEX protocols in revenue and maintaining top-tier volume rankings, the current price surge appears to be supported by solid underlying activity rather than hype alone.

If these on-chain trends persist, MET could continue to see increased attention from both Solana ecosystem participants and broader DeFi investors looking for protocols with proven traction and scalable revenue models.

For now, Meteora’s performance underscores a growing narrative in crypto markets: protocols delivering measurable value tend to attract capital first — and MET’s latest rally reflects exactly that.

Frequently Asked Questions (FAQ)

Why is Meteora (MET) rising today?

Meteora is rising due to strong on-chain performance, ranking first in protocol revenue and recording nearly $28 billion in DEX volume over the past 30 days.

Is Meteora a Solana-based project?

Yes, Meteora is built entirely on the Solana blockchain and benefits from Solana’s high-speed, low-cost transaction infrastructure.

What makes Meteora different from other DEX protocols?

Meteora stands out by converting high trading activity into consistent revenue, signaling sustainable growth rather than speculative usage.

Is MET a long-term DeFi token?

MET’s strong revenue generation and growing adoption suggest long-term potential, but investors should always conduct their own research.

Disclaimer: The views and analysis presented in this article are for informational purposes only and reflect the author’s perspective, not financial advice. Technical patterns and indicators discussed are subject to market volatility and may or may not yield the anticipated results. Investors are advised to exercise caution, conduct independent research, and make decisions aligned with their individual risk tolerance.

About Author: Nilesh Hembade is the Founder and Lead Author of Coinsprobe, with over 5 years of experience in the cryptocurrency and blockchain industry. Since launching Coinsprobe in 2023, he has been providing daily, research-driven insights through in-depth market analysis, on-chain data, and technical research.