Huobi HTX platform asset weekly review (10.5—10.11): STRK and MAGIC both doubled, DeFi became the most active track

From October 5 to 11, the cryptocurrency market continued its structural rotation trend. Compared to the previous high-volatility market dominated by Meme assets, this week saw a clear shift in funds towards privacy technology, AI applications, DeFi products, and public chain infrastructure, with projects demonstrating clear progress in network upgrades and product launches standing out more prominently.

According to data from the Huobi HTX platform, STRK topped the list this week with a 116% increase, followed by MAGIC with a 102% rise; BAT, CHIP, and MET increased by 56%, 47%, and 45% respectively, while BTW, CFX, and TIA also made it onto the weekly gainers list. Unlike the previous concentration of Meme assets leading the gains, this week's market exhibited characteristics driven more by technological upgrades and product events.

STRK Leads with 116%: Privacy and Quantum Security Become New Focus

The strongest performing asset this week came from Starknet. STRK saw a weekly increase of 116%, driven by multiple market narratives including privacy technology, mainnet upgrades, and quantum security.

As the native token of Starknet, one of the important reasons for STRK's recent attention is the gradual implementation of the STRK20 privacy framework. This framework provides privacy balance, privacy transfers, and privacy exchange capabilities for ERC-20 assets on Starknet, allowing wallets and DeFi applications to access these features, transforming privacy from an independent product into a network-native capability.

On the technical side, Starknet completed the v0.14.4 mainnet upgrade this week, introducing support for larger-scale transaction proofs. Meanwhile, discussions by StarkWare co-founder Eli Ben-Sasson regarding quantum security and potential Layer 1 solutions further amplified market interest.

The concentration of multiple technical topics created a strong event-driven effect for STRK. However, with the rapid expansion of short-term gains, the market will continue to focus on whether related plans can translate into actual applications and network activity.

MAGIC Rises 102%: Shifting from Gaming Ecosystem to AI and Creator Economy

MAGIC increased by 102% this week, marking another asset that doubled in value.

Initially gaining market attention as a gaming and metaverse ecosystem token, Treasure is now shifting its business focus towards AI-native interactive IP and Agent ecosystems. According to the project's latest positioning, MAGIC can be used for Agent payment calculation fees, utilizing on-chain services, and participating in ecological governance.

On October 6, Treasure launched Higgsmart, providing Meme creators with Solana-based token creation and original identity verification tools. This product extends Treasure's business boundaries from AI interactive entertainment to creator tools and token issuance, becoming an important event backdrop for MAGIC's recent rise.

Four DeFi Tokens on the List: BAT Leads with 56%

This week, the DeFi sector became the direction with the most covered projects on the gainers list, with BAT, CHIP, MET, and BTW collectively rising, involving various subfields such as browser finance, AI infrastructure financing, Solana liquidity, and BTCFi.

++BAT++ (+56%): BAT serves the advertising, rewards, and creator ecosystem of the Brave browser. Its latest roadmap has expanded from traditional "attention rewards" to include Agent payments, a unified version of Brave Wallet, the BravePay stablecoin protocol, Rewards Card, and creator contribution agreements, gradually extending its application boundaries towards on-chain payments and DeFi. No significant single event corresponding to the increase was publicly disclosed this week; the market movement appears closer to valuation recovery under capital rotation, as well as renewed market focus on Brave payments and the user economic system.

++CHIP++ (+47%): CHIP is the governance and functional token of the USD.AI protocol. Supported by AI infrastructure such as GPUs, USD.AI provides on-chain financing for related enterprises and builds stablecoins and yield products around USDai and sUSDai. At the end of September, sUSDai integrated with Binance Wallet DeFi and launched a $300,000 CHIP reward campaign. This activity continued throughout the week, bringing new exposure and participation demand to the project.

++MET++ (+45%): MET is the native token of the Solana liquidity protocol Meteora. On October 6, Meteora announced DLMM Pro, providing configurable initial liquidity, dynamic rates, and market opening solutions for token issuance projects. The new product strengthened Meteora's positioning in Solana's token issuance and liquidity management, becoming the main product catalyst for MET's rise this week.

++BTW++ (+40%): Bitway is building around Bitcoin-compatible Layer 1, native BTC lending, and on-chain strategy infrastructure, connecting Bitcoin liquidity with DeFi, payments, and financing applications. BTW has previously entered the Huobi HTX weekly gainers list multiple times and continued to rise by 40% this week, reaching an all-time high on October 11, indicating that the BTCFi segment of DeFi still maintains high trading enthusiasm.

The four assets correspond to different DeFi application paths, indicating that this week's sector performance was not dominated by a single protocol type, but rather driven by product launches, ecological incentives, and segmented narratives.

Public Chain Infrastructure Remains Active: CFX and TIA Rise by 32% and 25% Respectively

In addition to privacy, AI, and DeFi, the public chain and modular infrastructure sectors also remained active.

++CFX++ (+32%): Conflux is a Layer 1 network that uses a Tree-Graph structure, covering scenarios such as stablecoins, payments, RWA, and DeFi. This week, CFX did not see any significant single news catalyst; its rise reflects more of a phase return of funds to established public chain assets.

++TIA++ (+25%): Celestia focuses on providing data availability services for Rollups and application chains. The project's recent announcement of Fibre end-to-end testing showed an average throughput of 3.07 Tb/s in a test environment consisting of 120 validation nodes, enhancing market attention on high-performance data availability infrastructure. As some test parameters have yet to be applied to the initial mainnet version, the related performance still needs further validation in actual operating environments.

Event-Driven Characteristics Strengthen, DeFi Becomes the Most Comprehensive Mainline

Overall, the Huobi HTX weekly gainers list from October 5 to 11 exhibited clear event-driven characteristics. Meanwhile, several assets recorded significant gains in a short period, and price performance may have partially reflected expectations of related events. Whether the subsequent market can continue will still depend on fundamental indicators such as new product adoption rates, network data, protocol revenue, and actual token demand.

Huobi HTX will continue to monitor changes in market hotspots, key ecological progress, and dynamics of emerging assets to provide users with richer market information and trading options.