Huma Finance is a decentralized protocol built on the Solana network aimed at integrating advanced traditional financial services with blockchain technologies within a model called PayFi (payment-based finance).
The system empowers institutions and users to settle payments globally using stablecoins through on-chain liquidity, instantly and around the clock without the need for pre-funding.
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Origin and launch of the project
The project was founded in 2022 by Erbil Karaman and Richard Liu, with a team that included Ji Peng and Lei Du.
Secured initial Seed funding of approximately $8.3 million in February 2023, followed by a Series A round of $38 million in September 2024 with participation from investors such as ParaFi Capital, Circle Ventures, HashKey Capital, Finbushi, among others, with a total funding of $46.3 million.
The HUMA token was launched on Solana in March-April 2025, followed by a BEP-20 version on BNB Smart Chain in May 2025.
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Uses and distribution of the HUMA token
✅ Core functionalities
Governance: Users can stake HUMA to participate in voting on protocol updates, incentive distribution, and liquidity management.
Liquidity incentives: The token is used as a reward for liquidity providers supporting the Huma protocol, enhancing liquidity and adoption.
Supply reduction mechanisms: 50% of borrower fees are used to buy and burn HUMA tokens, reducing the total supply over time.
Internal system currency: HUMA is used in transactions within the Huma payment and settlement platform, and even for issuing stablecoin-backed cards.
⚙️ Model and project features
Reliance on future cash flows: Users can obtain financing against future income such as salaries or commercial payments instead of providing traditional collateral in the form of digital assets.
The existence of an open (permissionless) version for regular users and an institutional (permissioned) version for banking entities and financial institutions.
Institutional security: The system has security measures such as multi-signatures, automated threat monitoring, and audits from major firms to ensure a high level of security.
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Current price and market indicators
The current price of the HUMA token ranges between $0.035 and $0.038, with a positive fluctuation over 24 hours of 1.4-3.6%.
The circulating market cap is around $60-65 million, with a maximum total supply of 10 billion HUMA, while the circulating supply is about 1.73 billion tokens ~17-18% of the maximum.
The highest price reached (ATH) was on May 26, 2025, at around $0.118, representing a current decline of ~68% from the peak.
The lowest price recorded (ATL) was on June 26, 2025, at $0.02946, where the price has since risen slightly.
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Recent developments and partnerships
On June 4, 2025, Huma Finance announced a partnership with Global Dollar Network to accelerate the adoption of stablecoins on the Solana network, enhancing its role in settling payments across institutions and global payment companies.
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Future outlook and risks
Analysts are keen for the price of HUMA to depend on the expansion of the PayFi model, the entry of institutional partners, and general market movements in DeFi. The expected price for 2025 ranges from $0.055 to $0.12, and it could reach $0.18 to $0.30 by 2030 if partnerships and development continue.
Key growth factors:
Increased adoption of PayFi and real-time settlements based on stablecoins.
Growth of commercial finance infrastructure and international trade.
Regulatory policies and legislation, especially in major economies.
Potential risks:
Severe market volatility of the HUMA token, as is the case with most DeFi tokens.
Competition from other white-label financing protocols.
Unexpected regulatory changes that could affect system adoption.
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📝 Summary
The HUMA token represents a significant new step towards enabling blockchain-based finance and converting future income into credit guarantees. With strong financial backing and emerging adoption from institutions like Solana, Circle, and Galaxy, it has real growth potential. However, it is still in its early stages and is subject to risks posed by the regulatory and competitive market.