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How to view the recent discussion of $M3M3?
Some details about $M3M3 that need to be understood
What is $M3M3?
Meteora borrowed the Ve (3,3) mechanism from DEX and invented a (3,3) mechanism for launching meme coins: MEME (3,3)
That is, the top 1000 Stakers of MEME can receive the fee income captured by the MEME LP.
Meteora has developed a Meme coin launch platform based on the MEME (3,3) mechanism: M3M3
The Meteora community was inspired by MEME (3,3) and launched the first meme coin $M3M3 on the M3M3 platform
So, $M3M3 theoretically has no direct relationship with Meteora, but those who understand it understand that the market will compare $M3M3 to Jupiter's $WEN and HyperLiquid's $PURR.
Why does Meteora want to issue $M3M3?
Observing the latest situation of the DEX track in the Solana ecosystem, Meteora's market position is as follows:
--volume has a market share of 7.4%, ranking fourth after Raydium, Lifinity, and ORCA.
--Liquidity market share accounts for 9.2%, ranking third after Raydium and Orca
--RisingToken ranks third in the number of shares issued, behind, Raydium.
From the above, it can be observed that Meteora has certain advantages in terms of Liquidity and the launch of the DayNew Token, but there is a shortcoming in terms of volume.
The launch of the M3M3 launch platform can not only consolidate Meteora's product advantages in LP and new Token, but also stimulate the rise of platform volume, which is an excellent strategy of killing two birds with one stone.
3. How to View $M3M3?
First of all, the attribute of $M3M3 is memes, not the platform currency of M3M3.
Secondly, obviously $M3M3 is a typical MeMe currency. Its valuation method is not mainly based on attention economy and market sentiment Flow, 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 the new MeMe coin launch paradigm like M3M3.
What really makes memes coins fascinating is the addictive mechanism of instant feedback (rapid doubling or plummeting), high volatility (fluctuation range often between -90% and +10000% within a day), and uncertain returns.
This is a frenzy of Bacchus, and calculating APR and potential Airdrop returns is too rational, belonging to the culture of the sun gods, which is incompatible with the MeMe coin market environment.
Summary: Play $M3M3 as a tool for fun, don't take it seriously as a MeMe coin.