HumidiFi, Solana's leading decentralized exchange (DEX), will launch its native $WET token through Jupiter's newly introduced Decentralized Token Formation (DTF) platform, marking the first token debut on this service. The announcement was made on October 30, 2025, during Planetary Call #59 by Jupiter's COO, Kash Dhanda, who confirmed that $WET will initiate a new public launch model within the Solana ecosystem, designed to revive the spirit of early ICOs while incorporating safeguards for reduced risk, transparency, and user protection.
Key details include exclusive early access to the $WET presale for $JUP stakers at preferential prices, aimed at deepening engagement across Jupiter's ecosystem. Venture capital funds are explicitly excluded from private presales, ensuring fair access and preventing ownership concentration; institutional investors can only purchase tokens through DTF or the spot market. This approach favors an open, community-driven distribution, as highlighted in Jupiter's official statement released on Wednesday, which described DTF as a system to "bring out the best of ICOs while protecting users from their worst excesses."
HumidiFi, launched just five months ago in June 2025, has rapidly become the most active DEX on Solana, handling between 30% and 40% of the network's weekly swap volume and surpassing legacy platforms like Raydium and Orca. It processes over $34 billion in transactions monthly, with a record 24-hour trading volume of $1.1 billion. This growth is attributed to its proprietary automated market maker (AMM) model, often referred to as a "Dark Pool," which eliminates public liquidity pools to minimize slippage, front-running, and MEV attacks, though it has raised transparency concerns due to partially anonymous operators. Ecosystem auditors have verified its security, and it attracts significant traffic from aggregators like Jupiter.
The $WET token will serve as both a governance and utility token, with allocations for liquidity incentives, community programs, and future integrations. Following the sale, it will trade through Jupiter's aggregator, with initial liquidity sourced from DTF participants. For Jupiter, the DTF platform strengthens its position in Solana's fast-growing launchpad market, projected to exceed $140 million in quarterly volume, and directs 80% of revenue to $JUP holders, incentivizing staking as more token launches follow.
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