HumidiFi and $WET token overview

## TL;DR HumidiFi is Solana's leading prop-AMM DEX, capturing over 35% of spot volume with innovative active liquidity and $1B+ daily trades. $WET (MC **$46.2M**, FDV **$203M**) launched via IDOs/Jupiter DTF in early Dec 2025, now listed on Binance, Bybit, OKX, Coinbase; utility via staking for fee rebates. Mixed sentiment: strong trading success (4-5x presale gains) but launch bot drama. ## Core Analysis ### Project Overview HumidiFi is a proprietary automated market maker (prop-AMM) DEX on Solana, developed by Temporal, focusing on high-frequency spot trading like SOL-USDC with concentrated liquidity and predictive off-chain pricing for tighter spreads. It dominates Solana DEX volume at **35%+ spot share**, hitting **$933M swaps on Dec 11** (23% of Solana activity). Unlike traditional AMMs like Uniswap, it uses institutional-grade market-making for better efficiency. [Phemex](https://phemex.com/academy/what-is-wet-solana-defi-exchange) [CoinGecko](https://www.coingecko.com/en/coins/humidifi) Website: [https://humidifi.xyz/](https://humidifi.xyz/) | Twitter: [@humidifi](https://x.com/humidifi) ### Token Metrics **$WET** (CA: `WETZjtprkDMCcUxPi9PfWnowMRZkiGGHDb9rABuRZ2U`) is the utility token for fee rebates via staking—traders stake to get automatic discounts read on-chain per trade. Fixed **1B total supply**, **230M circulating** (23% circulation ratio). [Phemex](https://phemex.com/academy/what-is-wet-solana-defi-exchange) [CoinGecko](https://www.coingecko.com/en/coins/humidifi) | Metric | Value | Source | |---------------------|--------------------|-----------------| | Price | **$0.20269** | CoinGecko (2025-12-14 18:46 UTC) | | Market Cap | **$46.24M** | Calculated: price × circ. sup. | | FDV | **$202.69M** | Calculated: price × total sup. | | 24h Volume | **$96.32M** | CoinGecko | | 24h Change | **+6.85%** | CoinGecko | ### Exchange Listings Rapid listings post-TGE (Dec 9-10, 2025) across 7 exchanges with 12 pairs (spot/PERP). No delistings. | Exchange | Key Pairs | Type | Since | |--------------|--------------------|-------|--------------------| | Binance | WET/USDT | PERP | 2025-12-10 07:00Z | | Coinbase | WET/USD | SPOT | 2025-12-09 18:16Z | | OKX | WET/USDT, WET/USD | SPOT/PERP | 2025-12-09 15-16:00Z | | Bybit | WET/USDT | SPOT/PERP | 2025-12-09 15:00Z | | Gate | WET/USDT | SPOT/PERP | 2025-12-09 15:00-15:10Z | | Binance Alpha | WET/USDC, WET/USDT | SPOT | 2025-12-09 14:00Z | | Aster | WET/USDT | PERP | 2025-12-10 09:00Z | ### Tokenomics & Funding **Allocation**: Community/Ecosystem **40%**, Foundation **25%**, Core Contributors **20%**, Presale **10%**, Jupiter Stakers **2%**, Airdrop **3%**. Vesting: Insiders unlock proportionally every 6 months over 2 years. [Phemex](https://phemex.com/academy/what-is-wet-solana-defi-exchange) **Funding**: **$6.1M** total via IDOs (Dec 3-8, 2025): $3M (Dec 3), $1M (Dec 4), $2.1M (Dec 8), plus Launchpool (Dec 10-17). Presale FDV ~$50M, now ~$203M (4x gains). [CryptoRank](https://cryptorank.io/ico/humidifi) No confirmed unlock data available. ### Social Sentiment Analysis Mixed buzz: Trading success praised (4-5x ROI, $250M FDV), but launch marred by sybil snipers (one claimed 70% presale via 1K+ wallets) and tokenomics gripes (one claim of 90% team alloc—unsubstantiated vs official data). Promotions ongoing (e.g., KuCoin hold-to-share). | Platform | Sentiment | Key Themes | Notable Contributors | Impact | |----------|-----------|-----------------------------|-------------------------------|--------| | Twitter | Mixed | Launch bots/sybil, 4x gains, DTF success | Various (187K+ views on sniper thread) [x.com](https://x.com/tweet/status/1996891901207949786) [x.com](https://x.com/tweet/status/1998679412066107746) [x.com](https://x.com/tweet/status/1995554111685886235) | High | ## Conclusions **Bottom line**: HumidiFi/WET is a volume beast on Solana with real tech edge (prop-AMM), but early bot drama highlights sybil risks in launches—watch vesting unlocks and if volume sustains post-hype. Strong listings signal legitimacy; stake for rebates if trading there. Monitor DEX share vs competitors like Jupiter.

## DEX Volume Share: HumidiFi vs Jupiter (Solana) **HumidiFi leads spot DEX volume** at **35%+ share** of Solana spot trading (per project data, e.g., **$933M swaps on Dec 11** = 23% total Solana activity). Jupiter, as a DEX **aggregator** (not pure DEX), routes optimal swaps across protocols but shows minimal direct volume (**$15.6k 24h**)—its strength is **$1.08T YTD routed volume** via API/terminal. [DeFiLlama](tool) [Phemex](https://phemex.com/news/article/jupiter-unveils-stablecoin-and-acquires-rainfi-at-solana-breakpoint-43899) ### 24h Volumes (as of 2025-12-14 18:50 UTC) Top Solana DEXs (HumidiFi from project claims; others DeFiLlama). Total ~**$2.07B** (excl. smaller/unlisted). | DEX | 24h Volume | Est. Share | Chain | Notes/Source | |------------|----------------|------------|--------|--------------| | **HumidiFi** | **~$1B** (peak) | **35% spot** | Solana | Prop-AMM dominance [project] | | Meteora | **$602M** | 29% | Solana | DL | | Raydium | **$467M** | 22% | Solana | DL | | Orca | **$399M** | 19% | Solana | DL | | **Jupiter** | **$15.6k** | <1% | Solana | Aggregator vol low [DL] | **7d Trends**: Meteora **$3.57B**, Raydium **$2.82B**, Orca **$2.57B**, Jupiter **$651k**—HumidiFi's rise displacing incumbents in spot. ## Key Differentiators - **HumidiFi**: Pure prop-AMM for tight spreads/high-freq spot; new entrant capturing share rapidly. - **Jupiter**: Aggregator/superapp (swaps, perps, lend); focuses on routing (e.g., recent JupUSD stablecoin, Rain.fi acquisition) over direct liquidity. [News](https://www.chaincatcher.com/en/article/2228840) **Bottom line**: HumidiFi > Jupiter in direct spot DEX share today; monitor if HumidiFi sustains vs Jupiter's ecosystem moat (APIs, $1B+ rewards). Solana total DEX ~$2-3B/day.

## $WET 2x Thesis: Solana Spot DEX Dominance → Token Capture **Price Target**: $0.40 (MC **$92M**, FDV **$400M**) in 1-3 months. Current: **$0.203** (MC $46M, +7% 24h vol $96M). [CoinGecko 2025-12-14] ### Bull Case (Key Drivers) - **DEX Leadership**: **35%+ Solana spot share** ($1B+ daily peaks), outpacing Raydium/Orca. Prop-AMM edge sustains fees → $WET staking rebates demand (auto-discounts per trade). Revenue scales with vol. - **CEX Momentum**: Live on Binance/OKX/Bybit/Coinbase (12 pairs SPOT/PERP since Dec 9). Perps unlock leverage trading → vol spike, price discovery. - **Tokenomics Flywheel**: 23% circ. (230M/1B), insiders vest 2yrs. Utility > memes → hold/stake pressure as TVL grows. Peers (e.g., Raydium MC $500M+) undervalued at current FDV. - **Ecosystem Tailwinds**: Solana DEX wars (Meteora $602M 24h, total ~$2B). $6.1M funding + 4x presale gains signal conviction. - **Catalysts**: Launchpool ends Dec 17 → unlocks buying; no near-term cliffs. | Metric vs Peers | $WET | Raydium (RAY) | Orca (ORCA) | |-----------------|------|---------------|-------------| | MC | $46M | ~$500M | ~$150M | | 24h DEX Vol | 35% share | $467M | $399M | | Listings | 7 CEX | Mature | Mature | **Probability**: 60% (vol-dependent). **Risks**: Bot/sybil backlash, Solana dump, competition. Not financial advice—DYOR. Monitor DEX share/vol.

## $WET vs RAY vs MET: Solana DEX Token Comparison **Verdict**: $WET (HumidiFi) trades at a **discount** to peers on MC/vol ratio despite superior spot DEX share (35%+). RAY (mature leader) offers stability; MET (dynamic vaults) higher circ./vol but recent dumps. All capture Solana DEX boom (~$2B 24h total). Data as of **2025-12-14 19:09 UTC**. ### Core Metrics | Metric | $WET (HumidiFi) | RAY (Raydium) | MET (Meteora) | |-----------------|-----------------|---------------|---------------| | **Price** | **$0.203** | **$1.038** | **$0.245** | | **MC** | **$46.8M** | **$279M** | **$119M** | | **FDV** | **$203M** | **$576M** | **$244M** | | **Circ %** | 23% (230M/1B) | 26% (144M/555M) | 49% (487M/1B) | | **24h Vol** | **$97M** | $17M | $27M | | **24h Chg** | **+7.2%** | -3.8% | -5.3% | | **ATH Drawdown**| -39% ($0.333) | -94% ($16.83)| -64% ($0.687)| | **Vol/MC Ratio**| **2.08x** | 0.06x | 0.23x | ### DEX Performance (24h Volumes) HumidiFi leads spot; peers broader (pools/vaults). | DEX | 24h Vol | Share (Solana) | Type | |-----------|-------------|----------------|---------------| | **HumidiFi** | ~$1B (peak) | **35% spot** | Prop-AMM | | Meteora | **$602M** | 29% | DLMM/Vaults | | Raydium | **$467M** | 22% | CLMM/AMMs | ### Tokenomics & Utility - **$WET**: Staking for fee rebates; insiders vest 2yrs (team 20%). IDO-funded ($6.1M). - **RAY**: Governance/mining rewards; vesting ended Feb 2024 (team 20%, mining 34%). Mature incentives. - **MET**: LP stimuli/points; heavy unlocks today (~$50M+ equiv., team/ecosystem vesting to 2031). Higher circ. risk. **Listings**: All Tier-1 (Binance/OKX/Bybit/Coinbase). $WET newest (Dec 9), 12 pairs. ### Key Differentiators - **Growth**: $WET explosive (new entrant, 4x presale); RAY stable incumbent; MET points-farming hype fading (-24% 7d). - **Utility**: $WET rebates tie direct to spot vol; RAY broad (launchpad); MET vaults/LP focus. - **Risks**: $WET sybil drama; RAY ATH far; MET unlock pressure. **Bottom line**: $WET strongest vol/MC setup for re-rating (2x potential to MET levels); buy if Solana DEXs hold. RAY safest long-term. DYOR—not advice.