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One of Solana’s leading trading platforms is taking a new step that could reshape how tokens are launched across the network.
Summary
- HumidiFi DEX will debut its WET token on Jupiter’s DTF ICO platform.
- The Solana-based DEX processes up to 40% of network DEX volume.
- DTF grants JUP stakers exclusive access and introduces a controlled token sale format.
HumidiFi, a leading decentralized exchange on Solana, will launch its native WET token through Jupiter’s new Decentralized Token Formation platform, the first project to debut on the service.
Jupiter (JUP) confirmed the news in an Oct. 30 post on X, marking a major milestone for both platforms as Solana’s (SOL) decentralized sector continues to expand.
Solana’s prop AMM leader enters the token market
Launched in June 2025, HumidiFi has become one of Solana’s most active DEXs, handling between 35% and 40% of all Solana DEX volume. The platform specializes in proprietary automated market makers (prop AMMs) — sometimes described as “dark pools” — that route trades privately through aggregators like Jupiter to reduce slippage, front-running, and MEV attacks.
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In the past month alone, HumidiFi processed more than $34 billion in transactions, recently surpassing competitors such as Raydium, Meteora, and PumpSwap. On its busiest day, its 24-hour trading volume reached $1.1 billion, a record for the Solana-based DEX.
Although HumidiFi has grown, its “dark AMM” model has sparked concerns about transparency because its operators are still partially anonymous, and community members have demanded audits to ensure user safety.
WET launch debuts Jupiter’s DTF platform
The WET token launch, set for Oct. 30, is the first to use Jupiter’s DTF platform, a new system for structured, community-backed token offerings. The DTF model allows JUP token stakers exclusive early access to token sales while controlling initial supply to avoid post-launch volatility.
While no public price for WET has been revealed, it will serve as both a governance and utility token, with allocations expected for liquidity incentives, community programs, and future integrations. Following the sale, WET will trade through Jupiter’s aggregator, with initial liquidity sourced from DTF participants.
For HumidiFi, the token launch opens a new phase of growth by aligning users and liquidity providers through incentives. For Jupiter, DTF strengthens its position in Solana’s fast-growing launchpad market, projected to exceed $140 million in quarterly volume. The platform directs 80% of revenue to JUP holders, increasing demand for staking as more token launches follow.
Read more: Anchorage Digital boosts Solana DeFi with Jupiter integration
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