Meteora Posts $5.4B in August Volume, Biggest Monthly Jump Since January

Meteora MET$0.198-9.4% processed $5.4 billion in trading volume during August 2026, a 37.9% month-over-month increase that marked the platform's largest single-month volume gain since January and its highest total since February, according to the @MeteoraInside state report published September 15.

DLMM Drives Volume and Fee Growth

The Dynamic Liquidity Market Maker (DLMM) led the August recovery. DLMM volumes climbed 39.8% month-over-month and fees rose 56.4% MoM, each outpacing the platform-wide averages, per @MeteoraInside.

According to the report, DLMM contributed $2.2M in protocol revenue for the month, up 58% from July. LP Pool revenue rose to $2.8M from $2.6M in July, while launchpad partner revenue eased to $0.2M from $0.3M. DAMM v2 launch activity cooled from its earlier pace.

User fees on the platform have grown for four consecutive months, and protocol revenues rose for the sixth straight month, per @MeteoraInside.

Referral Staking Cycle 1: Final Distribution

Cycle 1 of Meteora's MET referral staking program ran from July 21 to August 21, with rewards becoming claimable on September 10. The final count, per @MeteoraInside: $262,000 in USDC distributed across 3,977 wallets, funded entirely by DLMM protocol fees collected during the cycle.

The split: $187K in staking rewards (71% of the total), $74K in referral rewards ($59K to referrers, $15K to referred users), and $1.5K as an LP Army bonus, per the report.

Staking participation has continued to climb since the cycle closed: 86.7 million MET is currently staked across 2,940 wallets according to the September 15 report. Cycle 1 claims remain open at meteora.ag/referral through March 31, 2027, with Cycle 2 already underway.

These are the final confirmed figures from @MeteoraInside as of September 15. An earlier Compass report published August 21 covered the program using data available at that stage of the cycle's close process.

Token Unlock Transparency

Meteora's monthly token unlock report identified the Eco Reserve Unlock Wallet (address: 2WezJF7ykRXnmrWzYSPYkqbzUPZK6J8XSd16HPdhzdii) as holding the unlocked token allocation. According to @MeteoraInside, no unlocked tokens from this wallet have been sold since TGE. Team tokens vest linearly through Jupiter JUP$0.217-9.6% Lock through February 28, 2027.

August's recovery builds on the trajectory Meteora outlined in its H1 2026 report, which recorded $32B in first-half trading volume and $140M in LP fees.