HumidiFi, which has quickly become the largest DEX (decentralized exchange) on Solana by trading volume, will launch a token via a presale in November. This has left investors wondering if WET will be the next 100x crypto play.
The WET token will launch on DTF (Decentralised Token Formation), an ICO launchpad platform developed by Jupiter, another leading Solana-based DEX.
BREAKING:
The first ICO on our DTF platform will be @humidifi_
They're a prop AMM responsible for nearly 35% of ALL volume on Solana.
So let us know: Who's ready to get $WET? pic.twitter.com/cb8pwMo37O
— Jupiter (?, ?) (@JupiterExchange) October 29, 2025
HumidiFi Has Dominated the Market Since its Launch in May
Over the past 30 days, the HumidiFi exchange has processed $33.4Bn in trading volume, more than any other competitor and almost one quarter of all trade volume on Solana, according to DefiLlama data.
The next-largest DEX on Solana is Raydium, which has processed $21Bn over the past 30 days, followed by Meteora, which has processed $13.5Bn. These numbers highlight just how large the HumidiFi platform has grown since its launch earlier this year.
HumidiFi is a so-called dark exchange, also known as a dark automated market maker or ‘prop AMM’. Typical DEXs, such as Uniswap, let users provide liquidity to earn swap fees, whereas Prop AMMs rely solely on liquidity supplied by the token creators.
They are often able to outcompete conventional DEXs because tokens and their teams can actively manage their liquidity and better defend against malicious trading bots. This lets prop AMMs offer traders cheaper swap prices, so exchange aggregators like Jupiter send more trades to platforms such as HumidiFi, which has made it the largest DEX on Solana in just five months.
The announcement of a HumidiFi ICO for its upcoming WET token instantly puts it near the top of potential next 100x crypto plays, when considering Jupiter’s JUP token is currently valued at over $1.3Bn.
(SOURCE: DefiLlama)
HumidiFi’s WET Token Announced on Livestream by Jupiter Developer
Kash Dhanda, a prominent developer on Jupiter, spoke about prop AMMs during a live stream on October 23, where he also confirmed that a HumidiFi token was on the way.
Dhanda said, “These prop AMMs have been, arguably, the most significant change in on-chain market microstructure that crypto has seen in years,” before adding, “It is what allows people to trade on-chain at size with prices that are, if not comparable, sometimes even better than what you can get on centralised exchanges.”
He went on to announce Jupiter’s upcoming ICO launchpad, Decentralised Token Formation, and that the WET token would be the first to launch on it. Dhanda said HumidiFi had not set an exact date for its ICO, but added the event would take place in November.
BREAKING NEWS: @humidifi_ will be the first ICO on @JupiterExchange's DTF platform.
they are the #1 propAMM, doing roughly a third of ALL volume on Solana right now (!!)
prepare to get $WET.
— Kash (?, ?) (@kashdhanda) October 29, 2025
Jupiter’s DTF model distinguishes itself from other presale launchpads and will operate on a first-come, first-served basis. Tokens sold to the public will begin trading on Meteora, a Jupiter-affiliated DEX, at the end of the ICO. And tokens subject to vesting, such as those set aside for the team, will be locked up on-chain, preventing issuers from circumventing their own rules.
During the HumidiFi ICO, JUP stakers will have access to an exclusive pre-sale, according to Dhanda. “If you have your JUP staked, you will be able to get in at a discounted price,” he said. “Hopefully we’ll be able to do that for all DTF launches going forward.”
Investors are now weighing up whether the WET token represents the next 100x crypto play in Q4 or if another ICO, such as the new ‘Mine-to-earn’ project, Pepenode (PEPENODE).
Is Pepenode (PEPENODE) the Real Next 100x Crypto Play in 2025?
Savvy investors are always on the lookout for the next 100x crypto presale, and while HumidiFi’s upcoming WET token is currently dominating headlines, Pepenode (PEPENODE) is also a strong contender, having raised nearly $2M since going live a few months back.
Pepenode (PEPENODE) is taking the memecoin sector by storm with its GameFi virtual mining setup. It allows presale investors to earn rewards by setting up virtual mining rigs, removing the expensive barrier to entry for traditional crypto mining setups.
Marketed as a “Mine-to-Earn” memecoin, Pepenode lets users build their own virtual mining rigs for their own virtual meme coin. Users can purchase nodes to enhance their rig’s capabilities, build out their server rooms, and even combine nodes for significant bonuses. Furthermore, you can upgrade your facility to optimize your mining potential.
Additionally, the Pepenode presale features a built-in staking protocol, offering an impressive annual percentage yield (APY) of over 646% for those looking to maximize their returns with this innovative ICO.
The combination of mining, staking, and progressive funding rounds positions PEPENODE as one of the most talked-about and rewarding presales of 2025, highlighting it as a strong contender for the next 100x crypto play, alongside HumidiFi’s upcoming WET token.
At this stage of the presale, the PEPENODE token is currently worth $0.0011227. Just under six hours remain until the price is locked in and gains are secured for anyone invested here or in prior rounds.
