The Solana DEX market landscape is undergoing interesting changes. Take a look at the $WET project — it currently accounts for 60% of the on-chain trading volume on Solana DEXs. What does this mean? It directly translates to revenue contribution for the protocol itself.

What’s more intriguing is the valuation logic. A market cap of 40 million USD, relative to its dominant trading volume share, seems severely undervalued from any perspective. Especially considering the strong performance of Solana’s infrastructure layer — transaction speed, cost advantages, and other hard metrics are evident. It’s almost inevitable that high-quality infrastructure projects within the ecosystem will be re-priced.

Innovative solutions like LMM( liquidity market maker mechanisms) are becoming new battlegrounds in DEX competition. The proprietary LMM design adopted by $WET, empowered by Solana’s high TPS public chain, will have its efficiency advantages further amplified. Once the importance of such infrastructure tokens is recognized within the ecosystem, their upside potential often exceeds expectations.