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Is this the secretive team behind $40bn Solana ‘dark’ exchange HumidiFi?
Yahoo Finance· 2025-11-13 16:46
Core Insights - Temporal, a crypto research and development firm, is identified as the creator of HumidiFi, a significant dark exchange on the Solana blockchain that has recently dominated trading activity [1][2] Group 1: HumidiFi and Trading Activity - HumidiFi is one of several dark exchanges on Solana, handling nearly $40 billion in trades over the past month, accounting for approximately one-third of all trading on the Solana blockchain [2] - The revenue generated by HumidiFi is not publicly disclosed, but its trading volume indicates a substantial impact on the market [2] Group 2: Temporal's Role and Future Plans - The connection between Temporal and HumidiFi was confirmed by sources within the Solana developer community, although Temporal's founder, Ben Coverston, neither confirmed nor denied the association [3][4] - Temporal plans to launch a token called WET later this month, which will be offered to investors through the Decentralised Token Formation platform developed by Jupiter, a Solana exchange aggregator [5] Group 3: Temporal's Position in the Ecosystem - Temporal is a key player in the Solana developer ecosystem, having developed Nozomi, an execution layer that processes millions of transactions daily, and recently launching Harmonic, an open block-building infrastructure for Solana [7] - The firm has investments across the Solana ecosystem, including projects like DoubleZero, Backpack, and Sanctum, and has a history with MarginFi, a Solana lending protocol [8]