Meteora TVL Experiences a Monumental Increase by 300% to Reach 1.9 Billion, Propelled by the Popularity of Donald Trump and Melania Memetic Cryptocurrencies
Meteora, a Solana-based decentralized exchange (DEX), has experienced a remarkable surge in Total Value Locked (TVL) over the past week, reaching an impressive $1.9 billion[1]. This growth is primarily attributed to the success of Meteora's DLMM DEX platform, which has seen a significant increase in deposits, rising from less than $210 million on January 15 to a record $1.64 billion[1].
The boom in Meteora's TVL is closely linked to its role as a key DEX on Solana, benefiting from the broader DeFi surge on the network[1]. Daily fees on Meteora now exceed $2 million, and TVL for leading DEXs such as Jupiter, Raydium, and Meteora itself collectively surpass $500 million[1].
The surge in liquidity on Meteora can also be attributed to the launch and popularity of memecoins like TRUMP and Melania tokens. These tokens have created a speculative trading frenzy, driving more deposits and trading volume on Solana’s DeFi platforms[1]. As a result, USDC now accounts for nearly half of all TVL on Meteora, followed by TRUMP with 22%, and MELANIA with 16%[4].
On Sunday, Meteora experienced record daily inflows, with over $540 million worth of tokens deposited on the DEX. Another $360 million worth of USDC was deposited on the platform on Monday[4]. It's worth noting that USDC is used to fund the TRUMP/USDC and MELANIA/USDC pools, accounting for more than half of the inflows on Sunday[4].
The memecoin phenomenon has amplified network activity on Meteora but also adds regulatory scrutiny risks[1]. While these tokens boost short-term growth and TVL, long-term stability will depend on broader DeFi adoption and scalability upgrades like Solana's Firedancer[1].
In addition to the memecoin boom, Meteora has also gained momentum through its upcoming Token Generation Event (TGE), which historically tends to increase speculation and liquidity inflows on the platform, further boosting its TVL[4].
The overall DeFi TVL on Solana has surged to well over $14 billion amid price rallies in SOL, which lifts the valuation of locked assets on-chain, complementing the inflows seen on platform-specific DEXs like Meteora[2]. The broader Solana ecosystem shows compositional growth, with not only DEXs but also staking protocols (e.g., Jito) and lending platforms (e.g., Kamino) contributing to the rising TVL, indicating a healthy multi-faceted DeFi revival on Solana beyond just memecoin-driven hype[3].
On Meteora, SOL, which previously dominated the platform's liquidity, now accounts for less than 5% of TVL[4]. As of this writing, the market caps for $TRUMP and $MELANIA stand at nearly $10 billion and $1.5 billion, respectively[4].
In summary, the combination of Solana’s technical strengths, the speculative boom around the Trump and Melania memecoins, and strategic events like Meteora's TGE have synergistically fueled its TVL growth in the current bull run of Solana’s DeFi ecosystem[1][4].
The surge in Meteora's total value locked (TVL) has also been driven by daily news of memecoins like TRUMP and Melania tokens, creating a speculative trading frenzy and boosting technology innovation within the Solana-based decentralized finance (DeFi) ecosystem. Furthermore, the finance sector thrives on Meteora as USDC, a leading stablecoin, now accounts for nearly half of all TVL on the platform, playing a significant role in daily transactions and memecoin-based pools.
