- Meteora updates points system, impacting Solana DeFi.
- New season boosts community interaction.
- VC backing supports liquidity and trading.
Meteora launched its first quarter points system on Solana, enhancing its airdrop mechanics and liquidity programs. With substantial backing from Delphi Venture and others, the platform reported a 24-hour trading volume of $283,905,978.
Meteora’s launch of its first-quarter points system demonstrates a strategic move towards engaging community participation and boosting liquidity. Its broader implications extend to Solana’s DeFi growth and increased trading volume.
Meteora, originally known as Mercurial, became Meteora in 2023 with significant backing from venture capital firms. The recent launch of its point system marks an important milestone for the project’s ongoing development. Backed by Delphi Venture, HTX Venture, and others, Meteora attracted substantial private funding, though specific amounts remain undisclosed.
“Our commitment to the community remains strong. We’ve allocated 15% of the $MET total supply for season-based airdrops to reward our dedicated users and liquidity providers.” — Meteora Official, Marketing Team, Meteora.
The system focuses on airdrops and liquidity programs, with a noted 24-hour trading volume of $283,905,978. The launch impacts $MET and Solana (SOL), indicating a potential shift in market dynamics. The allocation of 15% of $MET for the airdrop incentivizes community engagement and liquidity provisioning in the Solana ecosystem.
This operational shift exemplifies the project’s influence on the market, buoyed by smart contract activities and developer engagement. The launch did not provoke direct responses from high-profile KOLs, although community sentiment remains positive.
Projected outcomes include potentially strengthened market positions for both Meteora and Solana within the DeFi space. Past incentives on Solana offer context, having driven total value locked and engagement. The focus remains on Meme coins, DLMM pools, and stablecoins within this evolving structure. Continued data analysis and market engagement suggest positive outlooks for stakeholders.
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