HT Surges 84% Amid Huobi's Strategic Revamp Under Justin Sun
Following Huobi's ownership transition to TRON founder Justin Sun as Global Advisor, HT (Huobi Token) witnessed an 84.42% price surge from $4.17 to $7.70 within 5 days. Sun's public commitments to HT's revitalization — including brand upgrades, ecosystem expansion, and BNB-inspired utility — have positioned Huobi for potential top-three global exchange status.
Key Observations:
- HT's monthly gain of 53.11% outperformed the broader market
- Positive spillover effects lifted OKB (+37.48%) and BNB (+23.87%)
Platform Token Value Creation: Three Core Pathways
- Supply Reduction Mechanics
Through buybacks, burns, and holder incentives - Exchange Chain Ecosystems
Transforming tokens into native assets for DeFi/NFT applications - Payment Integration
Real-world utility across travel, gaming, and services
👉 Discover how leading exchange tokens create value
$2.4 Billion in Token Burns: BNB Dominates, HT Shows Quarterly Decline
| Token | YTD Burned | Value (USD) | Q3 Change |
|---|---|---|---|
| BNB | 588.1M | $19.44B | -22.52% |
| FTT | 530.2M | $1.80B | -32.21% |
| HT | 533.5M | $3929M | -61.58% |
Data reflects partial Q3 reporting for some platforms
Market Context:
Derivatives trading dominates exchange volumes, with Binance ($253B daily) and OKX ($56.5B) leading. Huobi's $7.6B daily volume reflects post-China market exit challenges.
Exchange Chain Ecosystems: BNB Chain Leads by Wide Margin
October 2022 Snapshot:
Daily Active Addresses
- BNB Chain: 1.07M
- Cronos: 14K
- OKC: 7K
- Total Transactions
56M monthly, with BNB Chain processing 51.16M (91% share) TVL Comparison
- BNB Chain: $6.45B
- Cronos: $839M
- HECO/OKC: <$150M
Ecosystem Diversity:
BNB Chain supports 7 protocol types, with DEXes comprising 50% of its TVL. Cronos follows with 6 protocol types, while HECO and OKC trail with 4 each.
Payment Utility: A Declining Value Proposition
Only BNB and CRO maintain prominent external use cases:
- BNB: Travel (Travala.com), VPN services (PureVPN), and payment processors
- CRO: Visa card rewards program
👉 Explore token utilities across leading exchanges
FAQ: Platform Token Dynamics
Q: Why did HT's burn rate decline 61.58% in Q3?
A: Reduced trading volumes and strategic shifts in Huobi's token economics post-acquisition.
Q: Which exchange chain shows the most developer activity?
A: BNB Chain leads in both active addresses (100x OKC) and transaction volume (5116M monthly).
Q: Can platform tokens regain payment utility?
A: Current trends favor blockchain-native use cases, though Binance's BNB maintains the widest real-world integrations.
Key Takeaways:
- Supply shocks drive short-term value, but ecosystem utility determines sustainability
- BNB Chain's dominant position creates network effects for BNB
- Market conditions have accelerated the decline of payment-focused token models