Author: NingNing Source: X, @0xNing0x

Meteora drew on the Ve (3, 3) mechanism of DEX to invent a (3, 3) mechanism for Meme currency emission: MEME (3, 3)

That is, the top 1,000 Staker of MeMe can obtain the fee income captured by the MeMe LP.

Meteora has developed a Meme coin launch platform based on the MEME (3, 3) mechanism: M3M3

Meteora community was inspired by MEME (3, 3) and used the M3M3 platform to launch the platform's first Meme coin $M3M3

So, $M3M3 Theoretically, it is not directly related to Meteora, but everyone who knows it understands that the market will compare $M3M3 to Jupiter's $WEN and HyperLiquid's $PURR

Observing the latest status of the Solana ecosystem's DEX track, Meteora's market position is as follows:

--Transaction volume The market share is 7.4%, ranking fourth after Raydium, Lifinity and Orca

--Liquidity market share accounts for 9.2%, ranking third after Raydium and Orca

--Launch of Rixin Token The share ranks third, behind http://Pump.fun and Raydium

From the above, it can be found that Meteora has good performance in terms of liquidity and daily token launch. It has certain advantages, but there are shortcomings in terms of transaction volume.

The launch of the M3M3 launch platform can not only consolidate Meteora’s product advantages in LP and new Tokens, but also stimulate the growth of platform transaction volume. It is a killing of two birds with one stone. Excellent strategy.

First of all, the attribute of $M3M3 is MeMe currency, not the platform currency of M3M3.

Secondly, $M3M3 is obviously an atypical MeMe coin. Its valuation method does not take the attention economy and market sentiment flow as the main dimensions, but mainly considers its APR and potential airdrop return rate.

Based on my recent on-chain MeMe coin PVP experience, I am not particularly optimistic about M3M3, a new MeMe coin launch paradigm.

Because what really makes the MeMe coin full of charm is instant feedback (quick doubling or digging into the ground) and high volatility (the intraday fluctuation range is often -90% , +10000%) + addictive mechanism with uncertain rate of return.

This is a kind of Dionysian carnival, and the calculation of APR and potential airdrop return rate is too rational, belongs to the Sun god culture, and is incompatible with the MeMe currency market environment.

Summary: Use $M3M3 as a hairdressing tool, not as a real MeMe coin.