Perp DEX makes a strong push: Weekly review of new assets on Huobi HTX

In the past week (September 22 - September 29), the overall heat of the crypto market continued to rise, and the on-chain trading sector welcomed a new wave of follow-up. According to market data from Huobi HTX, multiple zones such as DEX, Decentralized Finance, AI, and public chains experienced strong rebounds, with some newly launched Tokens rapidly pumping. Particularly noteworthy is Perp. DEX zone, Dexu AI data shows September Perp The mindshare growth of the DEX track has reached 10 times, far exceeding other zones.

**Perp

DEXandDecentralized Financetrack:ASTERweekly increase96%**

• ASTER (96%｜Perp DEX): Aster provides on-chain perpetual contracts and spot trading, attracting traders' attention with product features such as "no MEV and one-click ordering". After its launch, market interest continued to ferment, with the Token accumulating a 96% increase over the past week, becoming the most outstanding new coin on Huobi HTX, which also indirectly verifies the explosive power of the on-chain derivatives sector.
• BLUE (60% | Sui DEX): Bluefin is a decentralized spot and derivatives trading platform on the Sui blockchain, supported by Polychain, SIG, Brevan. Howard and other leading companies support it. Bluefin is the protocol with the largest total trading volume on Sui, with a transaction value exceeding $37 billion since its launch in September 2023.
• SNX (55% | Decentralized Finance): The veteran synthetic asset protocol Synthetix rose 55% this week. Synthetix is a derivatives liquidity protocol built on Ethereum in 2018, aimed at 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 overall remains one of the most dynamic zones in the crypto market, especially perpetual contracts, which are currently one of the largest derivative tracks. Apart from ASTER, Perp Other noteworthy projects in the DEX zone include popular ones like Lighter, Avantis, Extended, and Paradex, while the decentralized perpetual contract exchange SunPerp in the TRON ecosystem also shows a significant explosive trend.

AI** and L1 Public Chain Track: SQD and New Coin XPL Perform Brightly**

• SQD (48% | AI): The AI narrative continues to heat up, with SQD rising 48% over the 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 exceptionally well this week, with a weekly increase of 47%. Plasma is associated with Layer 1 EVM-compatible blockchain built for high-capacity, low-cost global stablecoin payments. As the underlying network of the blockchain industry, L1 is always the core focus for funds and developers. XPL quickly enters the market spotlight with its innovative narrative.

Meme** and ecological tokens: RATS, BLUM, KAITO perform steadily

• 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, 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 blockchain ecosystem, providing access to universal tokens through gamification in a Telegram mini-app. Blum allows access to both CEX and DEX tokens on one platform, supports over 30 chains, and offers additional features including AI navigation, P2P trading, derivatives trading, and more.
• KAITO (19%｜InfoFi): Positioned in the information finance zone, $KAITO allows for a decentralized decision-making mechanism where token holders can 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 Multi-Track Coverage, Asset Performance Blossoms

From the overall performance of this week, the new assets launched on Huobi HTX cover multiple popular directions such as 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 undertaking new projects; whereas the rise of established and ecological tokens like SNX and BLUE is the result of the platform's long-term dedication in mainstream lanes. Huobi HTX's asset coverage spans diverse tracks, encompassing quality projects from both newcomers and veterans.

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

About Huobi****HTX

Huobi HTX was established in 2013. After 12 years of development, it has transformed from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

Huobi HTX, as a global leading Web3 portal, adheres to the development strategy of global expansion, ecological prosperity, wealth effect, and safety compliance, providing comprehensive, safe, and reliable value and services for virtual currency enthusiasts around the world.

For more information about Huobi HTX, please visit Square, and follow X, Telegram, and Discord. If you have further questions, please contact glo-media@htx-inc.com.