In the second half of 2024, the global crypto market experienced significant fluctuations. With the strong performance of Bitcoin and Ethereum, the market gradually warmed up, and the haze of the crypto winter began to dissipate. Huobi HTX bucked the trend in Q3. With its robust product layout and efficient operation strategy, it not only maintained a sustained growth in trading volume, but also steadily increased its influence in major key markets. This article is Huobi HTXs impressive report card for the third quarter. From the aspects of trading volume and user growth, new currency assets, global influence and HTX DAO ecological layout, product functions, HTX Ventures investment results, security and customer service data, and reserve fund protection, it comprehensively displays and shares Huobi HTXs many achievements and progress in Q3.
Q3 transaction volume and user growth soared against the trend, and the new coin MEME zone performed well
In the third quarter of 2024, the average daily number of Huobi HTX traders increased by 42% compared with the previous quarter, which is an impressive performance. Behind the growth data is the fact that Huobi HTX has successfully attracted global users with stable products and high-quality services. This growth shows the continued trust and reliance of users on the Huobi HTX platform. In addition, Huobi HTXs trading volume in July increased by 11.3% month-on-month, and on July 24, it ranked second in the world with a 24-hour trading volume of US$2.8 billion. This is the third time that Huobi HTX has topped the top 2 global trading platforms in 2024, marking its steady development and strong strength in the market.
In the third quarter, Huobi HTX launched a total of 43 new currencies, among which the SUNPUMP and MEME zones became the focus of attention. In the early days of the SUNPUMP craze, Huobi HTX took the lead in fully supporting the launch of the SUNPUMP series of currencies. Among them, the most outstanding currency SUNDOG rose by 37 times after its launch, showing huge market potential. In addition, other popular currencies such as SUNWUKONG and SUNCAT have also received key support from Huobi HTX. In terms of support for Ethereum MEME coins, Huobi HTX also leads the industry and became the first exchange to launch lowercase Neiro ($NEIROCTO). The currency rose by as much as 137 times after its launch on Huobi HTX, providing users with rich market wealth opportunities. At the same time, in September, Huobi HTX was also the first exchange to support the launch of MOODENG in terms of SOLANA MEME coin. In just two days after the launch, $MOODENG rose 4 times, which was highly recognized by the community and users.
The global market, especially Russia, has grown strongly. HTX DAO appeared at industry events such as TOKEN 2049
Huobi HTX not only continues to maintain strong momentum in the Asian and European markets, but also has made significant breakthroughs in the Russian market. In September, Huobi HTX has occupied the third largest market share in Russia, accounting for 13.15%. This data fully demonstrates its expansion capabilities in the Russian market and the trust of users in the market in Huobi HTX, especially in terms of security, liquidity and innovation. In addition, Huobi HTXs exchange market traffic share in India and Japan increased by 2% respectively.
In the third quarter, HTX DAO completed the second liquidity donation in 2024 and held the HTX DAO x TRON TOKEN 2049 Afterparty in Singapore on September 18. Justin Sun, global advisor of Huobi HTX, said at the event that the collaboration between TRON and Huobi HTX will be further strengthened to create a complete Web3 ecosystem through the dual-wheel drive effect.
On September 25, HTX DAO exclusively sponsored the registration desk of Crypto Summit 2024 and appeared as a business partner. This move provides HTX DAO with an opportunity to showcase its unique decentralized governance model, which will further expand the market share and influence of HTX DAO and Huobi HTX in the CIS region, attract more crypto community members, developers, partners and users to join its ecosystem, thereby expanding the global community and improving decentralization.
Internal and external improvements: Product upgrades enhance user experience, HTX Ventures accelerates the layout of innovative projects
In terms of product functions, Huobi HTX has carried out a number of upgrades in Q3 to enhance user trading experience and asset security. The upgrades cover 8 items, including Fireblocks custody account, contract copy 4.0, contract function optimization, asset page revision, and financial product optimization, which comprehensively enhance user experience and account security.
On September 6, Huobi HTX launched the new HTX Telegram applet . It is also the first Telegram applet product to launch C2C trading function, which aims to provide users with a more convenient C2C trading experience. After the launch of the applet, the number of people who have newly bound the bot exceeded 40,000+.
In terms of external investment, HTX Ventures continued to increase its investment in innovative projects in Q3. In July, HTX Ventures announced its investment in Lombard and Redstone, and participated in the EthCC event in Brussels, sharing insights on heavy pledge development and how to successfully launch the Web3 ecosystem. In August, HTX Ventures further made strategic investments in Corn and Nexio, and in September, HTX Ventures announced investments in Vanilla Finance and BSX , and released a research report Exploring the Rabbit Hole of BTCFI from the Perspective of Bitcoin Programmability , starting from the feasibility and evolution path of Bitcoin programming, and systematically exploring the potential and challenges of Bitcoin in the field of decentralized finance (BTCFI).
Security has been upgraded, user satisfaction has been improved, and the reserve rate has remained above 100%.
Huobi HTX significantly improved the security of accounts, transactions and funds in Q3, with significant results. It has reminded users 831,744 times and cracked down on 16 fake websites. In addition, Huobi HTX successfully intercepted 9 transactions to fraudulent addresses, recovered 127,531 USDT, added 9,990 black addresses, and intercepted illegal deposits worth 1,249,876 USDT. In addition, the customer service teams satisfaction rate reached 82%, further demonstrating Huobi HTXs emphasis on user needs. At the same time, Huobi HTX continued to maintain the adequacy of its reserves in Q3. The Merkle Tree Asset Proof data updated on September 1 showed that its reserve ratio remained above 100%. The specific data are: USDT 100%, BTC 100%, ETH 101%, HTX 105%, TRX 105%. Users can view relevant reports through the official audit page. Huobi HTX conducts regular audits to prove the adequacy of its assets.
In the third quarter of 2024, Huobi HTX has shown strong development momentum in terms of user growth, new coin launches, and global market expansion. In the future, Huobi HTX will continue to be committed to providing better products and services to create more value for users.
