One of South Korea’s leading cryptocurrency exchanges upbitwill list MET2, the altcoin of the Solana-based Meteora ecosystem, today at 11:00 CET. announced. MET2 will be distributed as a reward to liquidity providers in the first stage, and will undertake staking and governance functions in the future. Deposits will be active two hours after the announcement and the altcoin will be traded in both KRW, BTC and USDT parities.
A New Layer in Solana-Based Liquidity Infrastructure
meteorastands out as a dynamic liquidity infrastructure developed on the Solana network. The project includes two unique mechanisms aimed at improving liquidity efficiency in intra-blockchain markets. Dynamic Liquidity Market Maker (DLMM) and Dynamic Automated Market Maker It was built on (DAMM). These systems automatically optimize price ranges in pools, creating a deeper and more balanced market environment for both investors and protocols.
While the DLMM model allows users to determine price ranges flexibly, DAMM Its architecture dynamically updates these parameters according to the transaction volume in the Blockchain. Thus Meteora, traditional AMM It paves the way for faster and lower-cost liquidity flow by reducing the capital inefficiency problem frequently seen in models. solana Combined with the increasing transaction capacity of the ecosystem, the project is taking on an increasingly strategic role among DeFi protocols.
MET2 coin is designed to drive the internal economy of the Meteora ecosystem. It will incentivize liquidity providers as a reward mechanism in the first distribution phase. altcoin It will strengthen user participation in decentralized decision processes by being integrated into the staking and governance layers over time. This structure reveals an economic model that supports Meteora’s long-term sustainability.
Altcoin Price Skyrocketed
After Upbit’s listing decision MET2 coin It rose by over 700 percent to $0.0005493. The trigger for the rise is considered to be a reflection of the institutional trust in Solana-based DeFi projects as well as the listing of the altcoin on the stock exchange.
For those who don’t know, Upbit is South Korea It stands out as one of the most effective exchanges in the region in terms of depth of liquidity in the market and compliance with regulations. Opening simultaneous transactions in KRW, BTC and USDT will increase the global reach of MET2 and pave the way for new investor entries into the Meteora ecosystem.
