Smartwatches and other wrist fitness trackers currently dominate the market, but that may change as devices like the Oura Ring and Samsung Galaxy Ring gain popularity. Amazfit is also trying to capture a piece of the smart ring market. In a press release, the company revealed that the official release date for the Amazfit Helio Ring is May 15.

Amazfit's new fitness ring is competitively priced at $299. Samsung has not announced a final price for the Galaxy Ring, but the Oura Ring starts at $299, so it is expected to be in a similar price range. If Samsung offers too high a price, it could price itself out of the market, especially with the last ring to be released.

The ring weighs less than 4g and is made of titanium alloy, so it should be durable enough for everyday use. Of course, you'll have to test it yourself to be sure of its comfort, lightness, and durability, but so far it looks good.

The Amazfit ring focuses primarily on sleep and recovery tracking. It displays a sleep score so you can see how well you are actually sleeping. It also displays total recovery time, blood oxygen, heart rate variability during sleep, and resting heart rate during sleep.

Another nice bonus is that it is 10ATM waterproof, so you don't have to worry about it getting damaged during workouts or sports.

Overall, the Amazfit Ring seems to have great features, and by beating the Samsung Galaxy Ring to market, Amazfit may be in a good position to make waves. That is, of course, if ring trackers become as popular as their wrist-worn counterparts; the Oura Ring has gained some traction, but it does not appear to be as successful as devices like the Apple Watch or Fitbit.

Amazfit plans to offer the ring bundled with the Amazfit Cheetah Pro or Amazfit T-Rex Ultra, but it can also be purchased separately. According to the company, it is best paired with one of its smartwatches because the two devices share information seamlessly.