Huobi HTX Platform Asset Weekly Review (10.19–10.25): Solana Ecosystem Shines, DeFi and AI Sectors Gain Strength
- Core Viewpoint: The sell-off in the U.S. tech sector spilled over into the crypto market, with Bitcoin briefly falling to $79,000, a new five-week low. However, some assets in the DeFi, AI, and Meme sectors on the Huobi HTX platform bucked the trend, with their common feature being that token mechanics are directly tied to protocol revenue.
- Key Elements:
- On October 22, spot Bitcoin ETFs recorded their largest single-day net outflow since late June, with mainstream altcoins posting double-digit weekly declines.
- From October 19 to 25, BMT topped the list with an 86% weekly gain, and nearly half of the listed assets came from the Solana ecosystem.
- Among DeFi assets, ORDER allocated 60% of net fees to buybacks, while JST has burned approximately 1.88 billion tokens cumulatively (nearly 19% of total supply).
- AI assets focus on Agent development frameworks and on-chain execution, with ARC supporting integration with more than twenty large model service providers.
- Meme assets are tied to launchpad fee mechanisms, with a portion of platform revenue used to buy back and burn tokens.
- The price action of such assets has clearly diverged from the broader market, with more severe volatility, requiring prudent risk assessment combined with fundamentals.
Last week, the sell-off in US tech stocks spread to crypto assets. Spot Bitcoin ETFs recorded their largest single-day net outflow since late June on October 22, with Bitcoin briefly falling to around $79,000, a nearly five-week low, while several major altcoins posted double-digit weekly declines. At the same time, a number of assets on Huobi HTX still bucked the trend: from October 19 to 25, BMT topped the list with an 86% weekly gain. The listed assets were concentrated in the DeFi, AI, and Meme sectors, with nearly half of them from the Solana ecosystem.
DeFi: Protocol Revenue Flowing Back to Tokens
Among the five DeFi assets on the list, several projects have token designs directly tied to protocol revenue, including ORDER's buybacks, JST's burn mechanism, and CVX's revenue sharing.
● BMT: Up 86% last week. Bubblemaps is an on-chain data visualization tool that presents token holding distribution and wallet connections in bubble charts, often used to identify risk signals such as concentrated holdings and related addresses. BMT is issued on Solana and is used to unlock the platform's advanced analytics features and participate in governance.
● ORDER: Up 65% last week. Orderly Network provides cross-chain shared order book and clearing infrastructure. Its OrderlyOne product enables projects to launch perpetual futures exchanges without building their own matching systems. The community has previously passed a governance proposal to allocate 60% of net fees to buy back ORDER from the open market.
● CVX: Up 23% last week. Convex Finance helps Curve liquidity providers and CRV holders earn boosted yields without directly locking CRV, and CVX is its governance and revenue-sharing token. According to DefiLlama data, the protocol's total value locked was approximately $580 million as of October 20.
● WIN: Up 23% last week. WINkLink is the oracle network of the TRON ecosystem, providing price data and verifiable random number services for on-chain lending, gaming, and other applications.
● JST: Up 10% last week. JST is the governance token of JUST, a DeFi protocol in the TRON ecosystem. According to an official announcement from JustLend DAO, the protocol completed its fifth buyback and burn round on October 16, burning approximately 170 million JST; since the mechanism was launched in October 2025, a cumulative total of approximately 1.88 billion tokens has been burned, close to 19% of the total supply.
AI: Focus on Agent Development and On-Chain Execution
Both ARC and ZEREBRO emerged from the AI Agent boom on Solana in late 2024, and both have launched open-source Agent development frameworks. SKYAI and ELSA come from BNB Chain and Base respectively, focusing on data access and on-chain execution for AI Agents.
● ARC: Up 53% last week. The core of AI Rig Complex is the Rig framework written in Rust, which allows developers to connect to more than 20 large model providers and build AI Agents capable of reading on-chain data and calling smart contracts. It currently supports Solana and multiple EVM chains.
● ZEREBRO: Up 43% last week. Zerebro is an AI Agent that can autonomously create music, images, and Meme content, operating on social platforms without manual instruction for each action. The team's open-source ZerePy framework enables other developers to build their own Agents based on the same logic.
● SKYAI: Up 34% last week. SkyAI is an AI data infrastructure on BNB Chain. Its MCP Hub serves as a unified routing entry point, enabling AI Agents to retrieve structured on-chain information from multiple data services.
● ELSA: Up 24% last week. HeyElsa is an AI on-chain execution assistant on Base. Users can complete swaps, cross-chain transfers, contract trading, and other operations using natural language commands. The project has received support from the Base ecosystem fund. The platform allocates 10% of protocol fees to burn ELSA.
Meme: Tied to Launchpad Fee Mechanisms
Both Meme assets on the list were issued on Solana and are tied to launchpad fee mechanisms, with a portion of platform revenue used to buy back and burn tokens.
● PAID: Up 30% last week. PAID was launched via Pump.fun in mid-September. The corresponding tool UsePaid is designed to transfer creator fees generated by Meme tokens to designated X accounts, with a portion of the fees used to buy back and burn PAID.
● STONK: Up 28% last week. StonkFun is a token launchpad on Solana where new tokens can choose tokenized stocks, ETFs, and other assets as trading pairs. The platform uses revenue to buy back and burn STONK.
Meme asset prices are highly dependent on community sentiment, with volatility far exceeding that of mainstream assets. Participants should fully assess the associated risks.
Multiple Sectors Buck the Trend During Mainstream Asset Pullback
Mainstream assets broadly declined last week, yet the assets on the gainers list were spread across multiple sectors and public chain ecosystems, with many of their token mechanisms directly tied to protocol revenue. Such assets often diverge from the broader market and exhibit more dramatic volatility, requiring cautious risk assessment based on project fundamentals before participating. Huobi HTX will continue to monitor developments across public chain ecosystems and niche sectors, providing users with a smooth and reliable trading experience.
