SME

Pair Coins With Anything

536Y2Cf53iJ64N8JsQHnVPkCTPoXLhAHx5dCRX7XW7fM

[SME @SolanaMemeEx]

how big can onchain memecoins + commodities actually get? been thinking about this a lot.

two markets that have nothing in common right now.

memecoins do somewhere between $500B and $1T of volume a year. solana alone was doing $1–2.5B a day this spring. 263,000 tokens launched in one day this month. endless volume, and every single one of them is priced in SOL or USDC and pegged to nothing.

tokenized commodities are $7B and grew 4x in a year, but 73% of that is gold. the electricity token barely trades. the soybean oil token has literally never had a real trade. all the meaning in the world, no volume.

then look at what happened when someone made trading real-world numbers fun: prediction markets went from $5B a month to $24B a month in seven months.

that’s the whole thesis for pairing memes with commodities. the meme brings the volume, the commodity brings the meaning. a coin quoted in EGGS has a floor that’s the price of eggs. that’s a different thing than a coin quoted in nothing.

the format is under a month old. CME put 94 pairs on robinhood chain and was doing ~$10M a day inside a week. we’ve had 36 hubs live on solana, where the actual volume is.

if this takes 1% of meme trading it’s a $5–10B a year category. if it becomes the default format the way bonding curves did, it’s just what launchpads are.

either way nobody’s won it yet. that’s why I’m here.

[SME @SolanaMemeEx]

The difference is already night and day in terms of liquidity on our commodity pairs (you can see exactly where we updated our configuration)

Trades are so much better & we will continue to improve the platform

Build and they will come

[SME @SolanaMemeEx]

spending today wiring hubs into jupiter as a native venue. once it’s in, minting at ref is just another route the aggregator picks: so a market buy can’t trade above reference. buys first, sells after.

would essentially mean that no matter how liquid a market is, you will always be able to sell at the oracle price.

we are going to do incredible things. mark my words

[SME @SolanaMemeEx]

we spent the week doing the unsexy thing

52 hubs, every ladder rebuilt, 10x the depth, no more 2x candles on a market buy. the trenches told us slippage was the problem and they were right

next up: minting at reference price shows up as a jupiter route. no slippage on buys. at all

https://t.co/UFwxkfADH8

[SME @SolanaMemeEx]

You can now pair with KOLs. User created KOL pairs will be live soon.

First live hub is bonk guy! We're going to push 15-18 new hubs tonight

We have SO much planned for the future.

The roadmap is deep and detailed fellas.

SME

[SME @SolanaMemeEx]

@isuhail2103 all I can say is that we plan on adding a LOT of things. we won't limit ourselves to solely doing commodities!

there's a lot of creativity we can add to the platform.

early!

[SME @SolanaMemeEx]

how big can onchain memecoins + commodities actually get? been thinking about this a lot.

two markets that have nothing in common right now.

memecoins do somewhere between $500B and $1T of volume a year. solana alone was doing $1–2.5B a day this spring. 263,000 tokens launched in one day this month. endless volume, and every single one of them is priced in SOL or USDC and pegged to nothing.

tokenized commodities are $7B and grew 4x in a year, but 73% of that is gold. the electricity token barely trades. the soybean oil token has literally never had a real trade. all the meaning in the world, no volume.

then look at what happened when someone made trading real-world numbers fun: prediction markets went from $5B a month to $24B a month in seven months.

that’s the whole thesis for pairing memes with commodities. the meme brings the volume, the commodity brings the meaning. a coin quoted in EGGS has a floor that’s the price of eggs. that’s a different thing than a coin quoted in nothing.

the format is under a month old. CME put 94 pairs on robinhood chain and was doing ~$10M a day inside a week. we’ve had 36 hubs live on solana, where the actual volume is.

if this takes 1% of meme trading it’s a $5–10B a year category. if it becomes the default format the way bonding curves did, it’s just what launchpads are.

either way nobody’s won it yet. that’s why I’m here.

[SME @SolanaMemeEx]

big things coming for sme

building

[SME @SolanaMemeEx]

this week we made it so anyone can create a hub and made the pools deep enough to actually trade.

very soon the hubs stop being just commodities.

still the very beginning. SME mode.

[SME @SolanaMemeEx]

slippage was the #1 complaint on first few days of launch. here's what changed today:

hub pools are now going to be ~25x deeper, and the liquidity sits right at the reference price instead of spread thin above it. a $5k buy on BACON for example will fill within a fraction of a percent of where bacon actually trades. same on every hub, scaled to its size!

this applies wherever you trade: jupiter, any terminal, our site. the pools are the pools.

depth now grows with volume automatically, a big day on a hub builds a deeper book for the next one.

if you got a rough fill last week, this is what it was about. will be massively improved on all markets in the coming days.

[SME @SolanaMemeEx]

The winds of change flow fast.

Slowly, then all at once.

We are creating genuinely novel, and interesting tech for the pairing meta.

Build and they will come.

[SME @SolanaMemeEx]

permissionless hub creation is live.

pick anything with a real price, a commodity, a pokémon card, search for it, pay 30 USDC, and if it passes our automatic checks we build the hub. memes launch against it the same way they do against BACON or DIESEL.

more sources coming. building.

[SME @SolanaMemeEx]

Your Idea. Your Market.

Soon.

https://t.co/gBGGY2LIe2

[SME @SolanaMemeEx]

@MeteoraEco exactly why we built on meteora

every SME market is a DBC curve quoted in a commodity coin instead of SOL — bacon, diesel, eggs — and each of those coins pegs to its real-world price through a DLMM pool. couldn’t do that anywhere else on solana

35 live pairs and counting

[SME @SolanaMemeEx]

It’s a wonderful day to trade tokens paired with fent

Only at the Solana Meme Exchange

[SME @SolanaMemeEx]

Lot of work to get through today, let’s see what we can’t push out this weekend 🫡

SME

[SME @SolanaMemeEx]

First of several updates this week: every market now keeps its own USDC reserves in a separate account, so no market can ever spend another market's money. On top of that sits a shared reserve that automatically tops up any market that drops below what it owes its holders.

As of tonight every hub is at or above full coverage, and we reconcile the pools against the chain to the cent.

Next: permissionless hub creation, pick the thing, point at the price series, pay the fee, it's live within a day.

[SME @SolanaMemeEx]

Only place on Solana where you can trade tokens paired any commodity.

SME

[SME @SolanaMemeEx]

trade memecoins paired with any commodity

updates coming soon

SME

[SME @SolanaMemeEx]

It’s a beautiful day to trade memecoins paired to cocaine

[SME @SolanaMemeEx]

Why commodity-denominated memecoins are the next launchpad meta

Every launchpad cycle has been won by a mechanic, not by technology.

https://t.co/jodU1QG6Rx won because it removed the launch. No LP, no lock, no rug, one button and a bonding curve. Billions in volume from a mechanic you can explain in a sentence

https://t.co/5TgqoCjkpP briefly flipped it on daily revenue by changing one thing: where the fees went. Same curve, same UX, fees routed into buying and burning a community token. That was the entire differentiator and it took the meta for weeks.

Bags did it by adding a novel new mechanic. Believe by gating launches behind a narrative for ICM.

None of those were technical breakthroughs. They were new reasons for a chart to move.

Here’s the one nobody has run.

Every token on SME is quoted in a commodity. Not paired with SOL — denominated in eggs, in diesel, in ground beef, in a Glock, in the price of the newest iPhone. When the commodity moves, everything priced in it moves.

That’s a narrative engine. A memecoin’s chart usually moves because someone posted. On SME it can move because the BLS printed. “GROUND is up because beef is up” is a headline that writes itself, monthly, forever, across every market on the hub.

And the hubs are their own asset class.

Each one is a tradeable claim on the price of a real thing, priced from a public government series through a Switchboard oracle, on chain, job definition public. Not a number we type in. Nobody else on Solana lets you long ground beef with a memecoin ticker.

Two days in. 35 hubs live. Markets launched by outside users. Fees split, burns executing from a wallet you can watch.

We start small, make sure it works, then grow.