- At roughly $370M FDV, MET trades near PUMP’s valuation despite capturing mature memecoin flow from any Solana launchpad; the author sees a cheaper liquidity-backbone bet.
- DLMM’s concentrated bins, dynamic fees and 90% LP fee share help win routing: Meteora captures ~30% of Fomo’s Solana memecoin volume, 25–35% of Jupiter’s, and up to 73% on individual pairs.
- Memecoins generate over 90% of Meteora’s revenue despite less than half its volume; DLMM Pro could extend capture into launches, graduations and broader asset categories.
- The thesis depends on recurring Solana memecoin waves; Pump App distribution and Raydium upgrades could divert volume, making routing share and LP economics key milestones.
Investment pitches
filter:
85