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Meteora this DEX has been in full swing recently, with weekly revenue reaching $4.34 million — this is quite a remarkable achievement in the history of a DEX protocol (although benchmark data is still being refined).
Interestingly, the $MET token's current trading price is somewhat undervalued when considering ecosystem contribution and revenue volume. When a protocol's weekly revenue is so strong, but the supporting token hasn't kept up, such mismatches often present market opportunities.
It is worth noting that as a participant in the Meteora DEX ecosystem, this revenue performance indicates that its trading depth and user activity are continuously growing. From the protocol's economic model, these revenues will ultimately flow to token holders and ecosystem participants, and the current valuation of the token doesn't seem to fully reflect this.