Meteora

Meteora receives a C+ risk grade (41/100) from Hindenrank, where lower scores indicate lower risk. Moderate-to-elevated risk — strong trading product and improving fee distribution undermined by active lawsuit, prolonged leadership vacuum, and confirmed pool exploit One of Solana's largest decentralized exchanges, known for concentrated liquidity pools and the MET token launched in October 2025. It holds around $193M in deposits. Its C grade reflects an ongoing $69M class-action lawsuit, a 16-month leadership vacancy, and a May 2026 MEV exploit that drained $696K from one pool.

The key risks identified for Meteora are: (1) The co-founder resigned after a memecoin scandal and a $69M lawsuit is still active. No new leadership has been named in over 16 months, leaving the protocol without clear direction. (2) A May 2026 MEV bot drained $696K from a Meteora DAMM v2 pool starting with just $0.22 — confirming that pool mechanics can be exploited by sophisticated actors with minimal capital. (3) Concentrated liquidity means deposits are focused in narrow price ranges. A sudden price move can wipe out 50-90% of an LP position, far worse than a standard exchange.

Meteora scores 41/100 across eight risk dimensions: Mechanism Novelty: 3/15, Interaction Severity: 8/20, Oracle Surface: 0/10, Documentation Gaps: 3/10, Track Record: 13/15, Scale Exposure: 5/10, Regulatory Risk: 2/10, Vitality Risk: 7/10. The highest risk area is Track Record at 13/15.

Among 116 rated DEX protocols on Hindenrank, Meteora ranks #92 by safety (lowest risk score = safest). Its 41/100 risk score and C+ grade place it among the riskier DEX protocols.

Meteora scores 13/15 on the Track Record risk dimension, indicating some history of security incidents or exploits. Higher scores reflect more severe or frequent incidents. Review the full risk report for details.