If you’re diving into the world of decentralized finance (DeFi) on Solana, copy trading can be a game-changer. A recent X thread by satsmonkes spilled the beans on how to find profitable wallets to follow or copy trade using Dynamic Liquidity Market Maker (DLMM) strategies. In this guide, we’ll break down the method shared in the thread, explain what DLMM is, and show you how to get started with tools like Met Engine and LP Agent.

What Are DLMM Wallets and Why Copy Trade Them?

DLMM, or Dynamic Liquidity Market Maker, is a new type of automated market maker (AMM) protocol on Solana that allows liquidity providers (LPs) to concentrate their funds in specific price ranges for better efficiency. Unlike traditional AMMs, DLMMs dynamically adjust liquidity based on market conditions, reducing risks like impermanent loss—a situation where the value of your assets in a liquidity pool drops due to price volatility. This makes DLMM wallets, which are actively adding liquidity to promising tokens, a goldmine for copy traders looking to mirror successful strategies.

Copy trading involves replicating the trades of experienced or profitable wallets. By following wallets that consistently provide liquidity to high-performing tokens, you can potentially boost your own portfolio without starting from scratch.

Step 1: Use Met Engine to Scout for Wallets

The satsmonkes thread kicks off with a screenshot of Met Engine, a tool designed to analyze liquidity activity on Solana. The interface shows a list of wallets adding liquidity to various tokens, along with metrics like profit/loss and win rates.

To get started, head over to the liquidity section of the platform linked in the thread: Met Engine Liquidity. Here, you can dig into wallets that are actively providing liquidity to tokens you’re interested in. Look for wallets with a high win rate—meaning they’re consistently profitable—and a solid track record of positions.

Step 2: Go Treasure Hunting for Hidden Gems

The second post in the thread compares this process to being a “modern-day gold digger in the digital era.” Once you’ve identified potential wallets on Met Engine, it’s time to dig deeper. The thread recommends using LP Agent, a tool that helps you analyze wallet performance in detail.

LP Agent provides insights into a wallet’s trading history, including total profits, win rates (e.g., 80.54% as seen in the screenshot), and recent activity. This is crucial for verifying if a wallet is worth copying. The thread also shares a referral link for LP Agent, which you can use to sign up and start exploring.

Step 3: Test and Track with Small Amounts

Once you’ve found a promising wallet, satsmonkes advises starting with a testing phase. Use Met Engine to copy their trades with small amounts initially. At the same time, track the wallet’s activity in real-time using LP Agent to understand their trading patterns.

As you build trust in the wallet’s strategy—like seeing consistent profits across multiple positions—you can gradually increase your investment. The thread also shares a code for Met Engine access: SATSMONKES. However, one user reported an “invalid code” issue, so you might need to double-check with the platform or the satsmonkes account for updates.

Why This Method Is Gaining Traction

The Solana ecosystem has seen massive growth in 2024-2025, especially in DeFi sectors like liquidity provision and tokenization of real-world assets (RWA). According to a Medium article on Solana’s ecosystem, platforms like Orca and Raydium are integrating traditional financial assets into DeFi, making liquidity provision more attractive. DLMM protocols, as explained in another Medium post on Meteora’s DLMM, enhance LP profitability with dynamic fees and precise liquidity concentration, which is why tools like Met Engine and LP Agent are becoming essential for traders.

Tips for Success

• Start Small: As suggested in the thread, begin with small amounts to minimize risk while you test a wallet’s strategy.
• Verify Performance: Use LP Agent to check a wallet’s win rate, ROI, and consistency before committing larger funds.
• Stay Updated: Follow accounts like satsmonkes for more alpha (insider tips) on DeFi strategies. The community response to the thread, with users like FwogRoss thanking satsmonkes for the tips, shows how valuable these insights can be.

Final Thoughts

Copy trading DLMM wallets on Solana can be a powerful way to grow your crypto portfolio, and the satsmonkes thread provides a clear roadmap to get started. By leveraging tools like Met Engine and LP Agent, you can find profitable wallets, test their strategies, and scale up as you gain confidence. Just remember to do your own research (DYOR) and manage risks carefully—DeFi can be a wild ride, but with the right approach, it’s a treasure hunt worth embarking on.