Statistics: Humidifi
1. Market Overview
Humidifi reports a Total Value Locked (TVL) of $1.12B, experiencing a -2.77% decline over the last 24 hours. The protocol's 24-hour trading volume stands at $471,389,656. With a current market capitalization of $570.0M and a Fully Diluted Valuation (FDV) of $1.12B, the token is trading at $0.16294, having dropped -5.55% in the past 24 hours. Fees generated in the last 24 hours reached $66,437, contributing to $6,530 in protocol revenue.
2. Capital Efficiency
Humidifi demonstrates a 24-hour Volume/TVL ratio of approximately 0.42 ($471.39M / $1.12B). This indicates that roughly 42% of the protocol's locked capital is turned over in daily trading. The protocol captured $66,437 in fees over the last 24 hours, from which it generated $6,530 in revenue, implying a revenue capture rate of about 9.8%. Over 30 days, total fees were $2.1M and revenue was $178,531, showing an average 30-day revenue capture of approximately 8.5%.
3. Liquidity & Pair Spread
The platform supports 19 listed coins across 24 trading pairs, resulting in an average of approximately 1.26 pairs per listed coin. This suggests a focused approach to asset listings rather than broad liquidity distribution across numerous permutations. The concentration of liquidity is further implied by the explicit categorization of the protocol as 'Lending', where assets might be pooled for borrowing/lending rather than exclusively diverse trading pairs typical of some DEXs.
4. Chain Dominance
Humidifi exhibits exclusive chain dominance on Solana, with 100% of its $1.12B TVL deployed on this blockchain. A significant portion of this TVL, specifically $694.4M, is explicitly identified as borrowed assets within the Solana ecosystem. This highlights the protocol's deep integration and reliance on Solana, primarily serving its lending market.
5. Analyst Verdict
Humidifi presents as a significant player with a $1.12B TVL, despite a recent -2.77% 24h decline. The explicit 'Lending' category and $694.4M in borrowed assets indicate a core lending function, though its substantial $471.39M 24h trading volume also suggests active swap or related activities. A major concern is the complete lack of Audits (0) and an N/A Trust Score, posing substantial security and reliability risks. The protocol's MCap/TVL ratio of 0.19 and FDV/TVL ratio of 0.38 are relatively low, indicating its valuation is modest compared to its TVL. While generating consistent fees (e.g., $2.1M in 30 days), the protocol's revenue capture rate of ~8.5-9.8% is on the lower end, suggesting a significant portion is distributed to liquidity providers or users.