Bybit Launches Meteora Spot Trading on Solana

On October 23, 2025, Bybit launched Meteora (MET) spot trading, opening with a major trading competition that involved several major cryptocurrency exchanges worldwide.

The launch positions Meteora as a crucial player in Solana’s DeFi ecosystem, promising enhanced liquidity efficiency and significant capital inflows.

400,000 MET Competition Set to Boost Solana Liquidity

Bybit’s introduction of Meteora trading marks a transformative moment for Solana. This move follows successful major exchange listings, including Bybit’s, to broaden MET’s availability. Key players Zen, Soju, and Miir from the Meteora team disclosed during a community call that Meteora stems from Mercurial Finance, a previous Solana protocol. The listing is also supported by Binance Alpha, OKX, Bitget, and Gate.io. Deposits and trading began following the announcements on their websites.

The trading competition involving 400,000 MET tokens is potentially scene-shifting, offering notable rewards for depositors and traders. Enhanced liquidity in the Solana ecosystem through a suite of dynamic AMMs, DLMMs, and DAMMs is predicted, combining performance and synergy elements. Boosted capital efficiency may lead to considerable Solana TVL changes.

Market engagement has been largely positive. While no statements from KOLs like Arthur Hayes or CZ have yet surfaced, Zen from Meteora stated:

“We’re building for a more dynamic, efficient, and robust future on Solana—DLMM v2, Dynamic Vaults, and our protocol upgrades are just the beginning.” — source

Community channels report active discourse.

Meteora Launch Echoes Past Solana Liquidity Surges

Did you know? Meteora’s launch parallels previous Solana liquidity events, such as Saber and Orca’s overhauls, which triggered short-term TVL surges and lasting market adjustments, indicating potential similar outcomes.

According to CoinMarketCap, Meteora is currently priced at $0.61 with a market cap of $295.10 million and a 24-hour trading volume of $9.76 million. Meteora’s price has declined by 31.70% over multiple timeframes. Its total supply stands at 1 billion, with a circulating supply of 480 million MET tokens. Data as of October 23, 2025.

Research insights highlight Meteora’s dynamic liquidity tools as a strategic advancement for Solana’s DeFi network. These innovations are expected to drive capital efficiency and engagement, while avoiding regulations impacting traditional models. Overall, Meteora’s tools may help stabilize, rather than drastically swing, market liquidity dynamics.