Meteora Trades at $1 Billion Pre-Market Valuation Ahead of TGE

Meteora, the third-largest decentralized exchange (DEX) on Solana by cumulative volume, is gearing up for its token launch on Thursday, and pre-market perpetual derivatives are pricing the token at a $1 billion fully diluted valuation (FDV).

The MET pre-market on Hyperliquid opened on Oct. 10 at a $1.8 billion valuation, just 12 hours before the altcoin market collapsed. While the valuation held up post-crash, MET has slowly fallen since, and now trades at $1, or a $1 billion FDV.

Earlier today, the DEX also unveiled a new product suite, including presale vaults, a launchpad dubbed “Meteora Invent,” and dynamic fees.

The three-pronged approach aims to make Meteora a go-to destination for token launches on Solana, enabling multiple launch types and versatile fee distribution mechanisms.

While most Solana DEX volume took place on Raydium in 2024, due to pumpfun using Raydium as its default token bonding DEX, Meteora volumes exploded in January 2025 as the TRUMP memecoin’s initial liquidity pool was on Meteora. That month alone, the DEX processed $40 billion, accounting for 18% of its cumulative $224 billion in volume.