Huobi HTX New Asset Weekly Review (9.22-9.29): Multiple Tracks Rise, New Coin ASTER Leads with a Weekly Increase of 96%

In the past week (September 22 - September 29), the overall heat of the crypto market continued to rise, with a new wave of attention on on-chain trading tracks. According to Huobi HTX market data, multiple sectors such as DEX, DeFi, AI, and public chains have shown strong rebounds, and some newly launched tokens have rapidly surged. Notably, the Perp DEX track has seen its mindshare grow tenfold in September, far exceeding other sectors, according to Dexu AI data.

Perp DEX and DeFi Track: ASTER Weekly Increase of 96%

• ASTER (96% | Perp DEX): Aster offers on-chain perpetual contracts and spot trading, attracting traders with features like "no MEV, one-click ordering." After its launch, market interest has continued to ferment, with the token accumulating a 96% increase over the past week, making it the best-performing new coin on Huobi HTX, which also indirectly confirms the explosive potential of the on-chain derivatives track.
• BLUE (60% | Sui DEX): Bluefin is a decentralized spot and derivatives trading platform on the Sui blockchain, supported by leading companies like Polychain, SIG, and Brevan Howard. Bluefin is the largest protocol by total trading volume on Sui, with over $37 billion in trading volume since its launch in September 2023.
• SNX (55% | DeFi): The established synthetic asset protocol Synthetix rose 55% this week. Synthetix is a derivatives liquidity protocol built on Ethereum in 2018, aimed at enabling the issuance and trading of synthetic assets. Currently, Synthetix supports the issuance of synthetic assets including fiat currencies, cryptocurrencies, and commodities.

From a market perspective, DeFi remains one of the most vibrant sectors in the crypto market, especially perpetual contracts, which are currently one of the largest derivatives tracks. In addition to ASTER, other notable projects in the Perp DEX track include Lighter, Avantis, Extended, and Paradex, while the decentralized perpetual contract exchange SunPerp in the TRON ecosystem also shows signs of a breakout.

AI and L1 Public Chain Track: SQD and New Coin XPL Shine

• SQD (48% | AI): The AI narrative continues to heat up, with SQD rising 48% this week. SQD Network is a decentralized data lake and query engine designed to provide developers with high-performance, permissionless data access.
• XPL (47% | L1): As a newly launched public chain token, XPL performed impressively this week with a 47% increase. Plasma is a Layer 1 EVM-compatible blockchain built for high-volume, low-cost global stablecoin payments. As the underlying network of the blockchain industry, L1 remains a core focus for funds and developers. XPL quickly entered the market spotlight with its innovative narrative.

Meme and Ecological Tokens: RATS, BLUM, KAITO Show Steady Performance

• RATS (30% | BRC20): Recently, the Bitcoin ecosystem has been gaining momentum. As an inscription BRC20 meme coin, RATS continues the community-driven momentum, rising 30% this week and becoming a representative asset under the BRC20 narrative. BRC-20 is a token standard that defines the rules for creating fungible tokens on the Bitcoin blockchain.
• BLUM (20% | TON Ecosystem): Blum is a hybrid exchange on the TON chain ecosystem, providing universal token access through gamification in a Telegram mini-app. Blum allows access to both CEX and DEX tokens on a single platform, supporting over 30 chains and offering additional features including AI navigation, P2P trading, and derivatives trading.
• KAITO (19% | InfoFi): Positioned in the information finance track, $KAITO allows for a decentralized decision-making mechanism, enabling holders to propose and vote on key protocol and algorithm updates, aligning the evolution of the network with community interests, ultimately creating a transparent and efficient AI-driven InfoFi ecosystem.

Huobi HTX Covers Multiple Tracks, Asset Performance Flourishes

Overall, from this week's performance, the new assets on Huobi HTX cover multiple popular directions including DEX, DeFi, AI, public chains, meme, ecology, and information finance. New coins like ASTER and XPL have performed outstandingly, validating Huobi HTX's keen layout in onboarding new projects; while the rise of established and ecological tokens like SNX and BLUE is a result of the platform's long-term deep cultivation in mainstream tracks. Huobi HTX's asset coverage spans diverse tracks, encompassing both emerging and established quality projects.

Huobi HTX always adheres to the principle of "user first," ensuring asset transparency and security, and providing users with a rich variety of trading targets and diverse track choices. As the global crypto market continues to evolve, Huobi HTX will continue to leverage its platform advantages to capture emerging trends and serve the diverse investment needs of global users.

About Huobi HTX

Founded in 2013, Huobi HTX has developed over 12 years from a cryptocurrency exchange into a comprehensive blockchain business ecosystem covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

As a leading global Web3 portal, Huobi HTX adheres to a development strategy of global expansion, ecological prosperity, wealth effect, and security compliance, providing comprehensive, safe, and reliable value and services for virtual currency enthusiasts worldwide.

For more information about Huobi HTX, please visit https://www.htx.com/ or HTX Square, and follow X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.