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## $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.