HTX Platform Assets Weekly Review (10.19–10.25): Solana Ecosystem Shines, DeFi and AI Sectors Gain Momentum

Last week, the sell-off in U.S. tech stocks spilled over into crypto assets, with spot Bitcoin ETFs recording their largest single-day net outflow since late June on October 22. Bitcoin briefly dipped to around $79,000, hitting its lowest point in nearly five weeks, while several mainstream altcoins saw weekly declines of double digits. Meanwhile, a batch of assets on the Huobi HTX platform continued to trade independently: from October 19 to 25, BMT topped the charts with an 86% weekly gain. The listed assets are concentrated in the DeFi, AI, and Meme sectors, with nearly half originating from the Solana ecosystem.

DeFi: Protocol Revenue Feeds Back into Tokens

Among the five DeFi assets on the list, several projects' tokenomics are directly tied to protocol revenue, including ORDER's buybacks, JST's burn mechanism, and CVX's profit distribution.

BMT: Up 86% last week. Bubblemaps is an on-chain data visualization tool that uses bubble charts to display token holdings distribution and wallet correlations, commonly used to identify risk signals such as concentrated holdings and affiliated addresses. BMT was issued on Solana to unlock 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 allows projects to launch perpetual exchange platforms without building their own matching engines. The community previously passed a governance proposal allocating 60% of net fees to buy back ORDER from the open market.

CVX: Up 23% last week. Convex Finance enables Curve liquidity providers and CRV holders to earn boosted yields without directly locking CRV tokens. CVX serves as its governance and revenue-sharing token. According to DefiLlama data, the protocol's total value locked stood at approximately $580 million as of October 20.

WIN: Up 23% last week. WINkLink is an oracle network for the TRON ecosystem, providing price data and verifiable random function services for on-chain lending, gaming, and other applications.

JST: Up 10% last week. JST is the governance token for JUST, a DeFi protocol in the TRON ecosystem. According to official announcements from JustLend DAO, the protocol completed its fifth round of buyback-and-burn on October 16, destroying approximately 170 million JST tokens. Since the mechanism was launched in October 2025, the cumulative burned amount has reached around 1.88 billion, close to 19% of the total supply.

AI: Focusing on Agent Development and On-Chain Execution

Both ARC and ZEREBRO emerged from the late-2024 AI Agent boom on Solana, and both have released open-source development frameworks for agents. SKYAI and ELSA originate from BNB Chain and Base respectively, focusing on AI agent data retrieval and on-chain execution.

ARC: Up 53% last week. The core of AI Rig Complex is the Rust-based Rig framework, which allows developers to connect to over twenty major LLM service providers to build AI agents capable of reading on-chain data and invoking smart contracts. It currently supports Solana and multiple EVM chains.

ZEREBRO: Up 43% last week. Zerebro is an AI agent capable of autonomously creating music, images, and meme content, operating on social media platforms without requiring manual step-by-step instructions. The team's open-sourced ZerePy framework enables other developers to build their own agents using the same underlying logic.

SKYAI: Up 34% last week. SkyAI is an AI data infrastructure on BNB Chain. Its MCP Hub acts as a unified routing gateway, allowing AI agents to retrieve structured on-chain information from various data services.

ELSA: Up 24% last week. HeyElsa is an AI on-chain execution assistant on Base. Users can complete swaps, cross-chain transfers, and contract trades simply by issuing natural language commands. The project has received support from the Base ecosystem fund. The platform allocates 10% of its protocol fees to burn ELSA.

Meme: Tied to Launchpad Fee Mechanisms

Both listed Meme assets were issued on Solana and are tied to their respective launchpad fee mechanisms, where a portion of platform revenue is used to buy back and burn tokens.

PAID: Up 30% last week. PAID was issued via Pump.fun in mid-September. The corresponding tool, UsePaid, is designed to route creator fees generated by Meme tokens to designated X accounts, with a portion of those fees allocated to buying back and burning PAID.

STONK: Up 28% last week. StonkFun is a token issuance platform on Solana. New tokens can choose tokenized stocks, ETFs, and other assets as trading pairs, while the platform uses its revenue to buy back and destroy STONK.

Meme asset prices are highly dependent on community sentiment, exhibiting volatility significantly higher than mainstream assets. Participants should thoroughly evaluate related risks before investing.

Divergent Performance Across Sectors During Mainstream Asset Correction

While mainstream assets generally pulled back last week, the top performers span across multiple sectors and public chain ecosystems, with many projects featuring tokenomics directly tied to protocol revenue. The price action of these assets often diverges from the broader market, accompanied by heightened volatility. Investors should carefully assess risks based on fundamental analysis before participation. Huobi HTX will continue to monitor developments across public chain ecosystems and niche sectors, providing users with a smooth and reliable trading experience.