Meteora DLMM
Best for documented on-chain trading
How it rates
- Documentation published at a public address
- No audit report linked in the public dataset at this check
- Single-chain deployment
Each indicator scores 2, 1 or 0. A pillar is the points earned over the points available; the overall score is the weighted sum. Every source below is public — check any of them yourself.
- Not metIndependent audit published with a linked report
No audit report linked in the public protocol dataset at this check.
defillama.com/protocol/meteora-dlmm - Not metAudit count recorded in an independent dataset
0 audit(s) recorded.
defillama.com/protocol/meteora-dlmm - MetProtocol tracked by an independent analytics platform
Listed with published TVL and history.
defillama.com/protocol/meteora-dlmm - Met
- Met
- MetDocumentation published where fees are described
Documentation reachable for fee review.
docs.meteora.ag/ - Met
- MetIndependent dataset publishes protocol economics
TVL and change history published independently.
defillama.com/protocol/meteora-dlmm - PartialFee model documented publicly
Documentation available; specific fee tiers not captured at this check.
docs.meteora.ag/ - Met
- MetTracked with published total value locked
TVL $173m at this check.
defillama.com/protocol/meteora-dlmm - Met
- Not met
- Not met
- MetListed on the independent dataset for over a year
Listing date recorded in the dataset.
defillama.com/protocol/meteora-dlmm
- MetIndependent analytics page published
Public protocol page with history.
defillama.com/protocol/meteora-dlmm - Not metAudit documentation linked publicly
No audit report linked at this check.
defillama.com/protocol/meteora-dlmm - Met
- MetProtocol identity and chains disclosed
Chains and category published: Dexs.
defillama.com/protocol/meteora-dlmm - Met
- Met
- Met
- Met
- Not met
- Met
A Solana liquidity protocol using discrete price bins rather than a continuous curve, holding $173m with configurable liquidity distribution shapes.
Our assessment
Meteora's Dynamic Liquidity Market Maker replaces the continuous curve with discrete price bins. Inside a bin, trades execute at a single price with no slippage at all; the price moves only when a bin is exhausted. It holds $173m on Solana at this check.
Bins are a different trade-off from curves
A curve prices every trade slightly differently. Bins behave like a stack of limit orders, which produces exact execution within a bin and lets providers shape their distribution — flat, curved, or weighted to one side. For a provider with a view on where price will sit, that expressiveness is real.
Expressiveness raises the skill floor
Choosing a distribution shape is a decision most liquidity providers are not equipped to make, and choosing badly concentrates capital exactly where it will be adversely selected. This is a tool for providers who understand what they are doing; passive capital does better in a simple stable pool.
No audit report at a public address
No linked audit report was retrievable at this check. Novel liquidity mathematics carries more model risk than a well-worn constant-product pool, and a published review would be worth more here than for a protocol running code that has been attacked unsuccessfully for years.
Who it suits
Meteora fits sophisticated Solana liquidity providers who want control over their distribution and understand adverse selection. Passive providers and ordinary traders will get more from Orca or Raydium.
How rivals compare
Frequently asked
Does this score mean Meteora DLMM is safe to use?
No. It measures what an outsider can verify: linked audits, published documentation and independently recorded market data. Contract behaviour is not tested by us.
Where does the TVL figure come from?
An independent public analytics platform, queried at the verification date. Anyone can re-run the same query.
Why do some protocols score zero on audits?
Because no audit report is linked in the public dataset. It records what a user can reach, not a claim that no audit was ever performed.