Meteora DLMM (Dynamic Liquidity Market Maker) is a concentrated liquidity pool architecture used on the Meteora DEX on Solana. It organises liquidity into discrete price bins rather than a continuous curve, allowing liquidity providers to place capital precisely around current prices.

DLMM pools offer higher fee earnings for liquidity providers who actively manage their positions around the current price, but require more active management than traditional AMM pools. Capital outside the active trading range earns no fees.

Meteora DLMM pools are popular for new token launches because they allow projects to concentrate initial liquidity tightly, providing better price stability and lower slippage for early traders.