Today someone in the group mentioned a few new projects, and I just realized that besides MegaETH and Stable, there is another one worth following: the DEX with the highest volume on the Solana blockchain——HumidiFi. However, the Allowlist time contributed by the community has already passed.

This time, a total of 10% of the $WET token is released for the new issuance: community contributions account for 6%, 2% is allocated to addresses staking Jup, and the remaining 2% is available for public抢.

**Let's first talk about whether it is worth participating?**

Although Jupiter calls this the first ICO project, it's just the old new packaging—DTF (Decentralized Token Formation).

The market cap for the new listing is set at 69 million USD. As the DEX currently at the top of the Solana volume leaderboard, it can be compared to the recently launched Meteora—its $MET token currently has an FDV of 299 million USD. Doing the math, the growth potential for HumidiFi looks decent.

**How to get a share?**

The 6% community contribution has already ended, no need to think about it.

The 2% allocation for staking is a bit problematic: the snapshot time is unclear, it started on December 3rd, and it's hard to say whether staking can catch up now; moreover, staking also needs to consider hedging risks to prevent the price from falling and making all efforts in vain.

I plan to try my luck with the 2% available for public purchase, although the probability of not getting it is high. Based on previous experiences of first come, first served, it usually sells out in seconds. But now the market is quiet, so the competition might not be so fierce.

However, I haven't played with Solana for half a year, so I don't know much about the HumidiFi project.

**Risk Warning**: The above is only information sharing and does not constitute investment advice. Please conduct thorough research before participating!