🌊 The New Wave Reshaping Solana’s DEX Landscape - @humidifi@solana
In 2025, a quiet revolution began unfolding across
Solana’s decentralized trading scene.
While most traders were still focused on familiar names like Raydium and Orca, a new generation of proprietary (Prop) market makers started to rise behind the scenes gradually seizing control of Solana’s liquidity engine.
At the center of this transformation is HumidiFi, now the largest Proprietary Automated Market Maker
(Prop AMM) on Solana.
Instead of relying on public liquidity pools, HumidiFi
operates through a fully on-chain algorithm that
continuously adjusts liquidity and pricing in real time
via Jupiter, Solana’s dominant DEX aggregator.
In less than five months, HumidiFi has processed
close to $100 billion in cumulative trading volume,
capturing roughly 35% of Solana’s total DEX market
share. On key pairs such as SOL/USDC, it holds over
25% share, making it the single largest source of
liquidity on the network.
💧 Prop AMMs Take Over Solana’s DEX Market
- Key Takeaways
Prop AMMs are rapidly transforming Solana’s DEX
landscape by bringing high-frequency, algorithmic
trading on-chain with unprecedented efficiency.
Today, 30–40% of Solana’s total DEX volume flows
through Prop AMMs, with HumidiFi alone accounting
for roughly 35% and reaching nearly $100 billion in
trades within five months.
Jupiter, which routes over 80% of Solana’s swap
volume, is fully integrated with Prop AMMs like
HumidiFi, SolFi, and ZeroFi meaning users often trade
through these systems without even realizing it. This
integration has turned Solana’s on-chain liquidity into
an institutional-grade market, where efficiency,
precision, and control take precedence over open
participation.
Nearly half of all SOL–stablecoin trading is now
handled by Prop AMMs, and HumidiFi dominates with
CEX-level spreads across top pairs like SOL/USDC.
All of this is possible because of Solana’s unique
architecture its high throughput, parallel execution,
and ultra-low fees make real-time, on-chain market
making viable.
Each price update by a Prop AMM like HumidiFi
consumes just 143 compute units (CUs), allowing
hundreds of updates per second across multiple pairs
with near-zero slippage and minimal cost.
Ultimately, Prop AMMs are turning Solana into the on-
chain hub for institutional-grade liquidity a network
where high-frequency trading meets full blockchain
transparency.
ㅡ
Personally, I’m extremely bullish on what HumidiFi
represents not only for Solana but for the future of
liquidity itself.
The upcoming $WET token launch will
be a defining moment, testing whether a protocol
built on precision and privacy can also achieve
community-scale participation.
If successful, it won’t just strengthen Solana’s DeFi dominance it could mark the beginning of a new era where autonomous, data-driven liquidity becomes the standard for all on-chain trading.
SO... JUST WET 💧