Meteora, the popular decentralized exchange on Solana, has put forward two proposals for adjusting MET token allocation.

According to Meteora’s Mar. 20 post on X, these changes aim to make liquidity provider rewards fairer, support new token launches, and secure long-term incentives for the team. The first proposal suggests revising the LP Stimulus Plan.

Originally, 10% of the MET supply was set aside to reward liquidity providers, but since the program has been running longer than its expected December 2024 end date, Meteora wants to increase this to 15%. This adjustment ensures that early and new LPs receive rewards without devaluing tokens. 

Early contributors will receive 2% of MET under the updated plan, while all LPs will receive 8% equally. The original points multiplier system has been replaced by this. An extra 3% of MET will go to Launch Pools and Launch Pads in order to avoid reward dilution for retail LPs.

The second proposal focuses on the team. Meteora plans to allocate 20% of the MET supply to its team, with a six-year vesting period to maintain long-term commitment. Within this, 2% will go to M3M3 token holders. M3M3 is Meteora’s stake-to-earn platform, which lets users earn fee rewards from permanently locked liquidity pools.

This move follows the mismanagement of M3M3 by its original creators, which led to investor losses. To maintain fairness, the distribution will be based on two snapshots and wallets connected to questionable activity will be blocked.

Meteora has experienced rapid growth in the past few months. According to DeFiLlama data, the platform’s trading volume surged 33 times, from $990 million in December 2024 to $33 billion in January 2025.

Due to its rapid growth, Meteora now holds a 9% market share and is ranked fourth among DEXs by trading volume. While the broader DEX market was on a downturn, Meteora raked in $195 million in monthly fees in February.

Despite its achievements, Meteora is currently facing legal issues that may impact its future. Burwick Law, a New York law firm, filed a class-action lawsuit against Meteora, KIP Protocol, and Kelsier Ventures on Mar. 13. According to the lawsuit, they defrauded retail traders and misled investors by manipulating liquidity during the LIBRA token launch. 

Popular non-fungible token (NFT) marketplace OpenSea said Thursday that it is expanding its platform to crypto trading and confirmed it is planning to distribute SEA tokens to users.

The trading platform called OS2 has launched today, and aggregates marketplaces, allows cross-chain purchasing and offers lower fees in the beginning, according to the protocol’s press release.

“This represents an expansion of OpenSea from an NFT marketplace to a much broader platform for trading all types of digital assets,” said Devin Finzer, Co-founder and CEO of OpenSea. “We think tokens and NFTs belong together in a single, powerful, delightful experience.”

OpenSea Foundation, the Cayman Islands-based development organization behind the protocol, will also distribute SEA tokens offering utility on the OS2 platform.

While details and date of the airdrop remain undisclosed, OpenSea has confirmed that SEA will recognize both active users and those who have been part of the platform since its early days. US users will be included in the airdrop.

OpenSea has said that SEA’s utility will be focused on long-term engagement rather than short-term speculation.

The platform’s monthly trading volume is down significantly from a $5 billion peak in early 2021, having facilitated trading of $190 million worth of NFTs last month. The platform’s annualized revenue stands at $33 million, according to Dune Analytics data.

Story Protocol has officially launched its public mainnet following a six month long testnet.

Story Protocol, a layer-1 blockchain, has announced the launched its public mainnet, marking the first-ever global, programmable market for IP. The platform aims to transform the $61 trillion IP asset class by giving IP holders and AI-driven products the tools to manage, trade, and monetize creative assets.

Story Protocol’s launch follows a six-month testnet phase that began with the “Iliad” testnet on August 27, 2024. Now live, its mainnet provides a decentralized platform where IP owners can set up licensing rules and transact without any middlemen.

The network will be secured by the IP token. IP is used for transactions, governance, and creator rewards. IP owners can register and tokenize their work on the blockchain, setting rules for how it can be used, modified, or monetized. Developers can build apps on the network, creating new AI tools, licensing platforms, and IP marketplaces.

IP has debuted with an initial supply of 1 billion tokens. A 30-day rewards portal has been set up to allow testnet participants to claim IP tokens. Staking IP is an option for those who wish to promote network security. The staking phase for the IP, called “Singularity,” kicked off on Feb.1, but rewards will be distributed starting March 2. 

Notably, tokens allocated to early backers and core contributors will be locked for one year. Major exchanges like Coinbase, OKX, KuCoin, Bybit, Bitget, and Bithumb have already announced the listing of IP.

Story Protocol raised $140 million from investors such as Samsung Next and a16z. Several IP-focused projects are already building on the network. Aria, one such project, raised $7 million to purchase the rights to Justin Bieber’s song “Peaches” and divide the proceeds among the IP asset’s fractional owners.