Meteora

In 2021, Ben Chow and a number of other developers named launched Mercurial Finance as a decentralized exchange on the Solana blockchain. The protocol rebranded to Meteora in 2023 and was a central pillar of crypto's memecoin mania in 2024 and 2025. Chow resigned from his position at Meteora following a memecoin scandal involving Argentine president Javier Milei. As of June 2026, the protocol projects $800 million in annualized fees.