HUMAN Protocol (HMT) presents a strong fundamental profile, particularly distinguishing itself through exceptional Security (9/10) and a high-caliber Team (8.5/10) rooted in the success of hCaptcha. The project distinguishes itself from 'vaporware' with a live, utility-driven product and robust Active Development (8.2/10), evidenced by consistent code updates and a healthy engineering culture. However, the evaluation is tempered by Tokenomics (6.2/10) and Market factors (6/10). A significant discrepancy between unlocked and circulating supply creates a 'supply overhang' risk, and the project faces an uphill battle against dominant Web2 incumbents in the AI data labeling sector. While the technical foundation is solid and the community is organic, the low market capitalization and competitive pressures create economic friction. The overall score reflects a high-quality protocol that must navigate supply distribution and adoption hurdles to capture significant value.