Despite disputes in airdrop allocation, Meteora still dominates the on-chain trading volume

Meteora has become Solana's largest decentralized exchange, mainly due to its dynamic joint curve (DBC), accounting for 56% of its total trading volume. Despite Meteora's rapid growth, competitors questioned the authenticity of its trading activities, claiming that it may have flush transactions. Meanwhile, there has been a dispute within Meteora over the allocation of the upcoming $MET airdrop, especially on the allocation of $JUP stakers and Mercurial investors. The Meteora team argued that the strategy was to expand the user base through a novel token allocation mechanism.