In the last week of May (May 25—May 31), the overall cryptocurrency market continued its fluctuating pattern, with Bitcoin repeatedly changing hands in a high range, as funds continued to seek popular sectors supported by narratives and liquidity advantages. According to data from the Huobi HTX platform, this week's top-performing assets include various tracks such as Perp DEX, AI, Layer1, and BSC ecology. Among them, Perp DEX leader HYPE continued its strong performance, the AI sector regained popularity, while the weekend saw a concentrated outbreak in the BSC ecosystem driven by market expectations.

Perp DEX track remains hot, Layer1 established projects warm up

The most noteworthy main line this week is the Perp DEX track. As on-chain trading experiences continue to optimize, the demand for transparency and asset control among high-frequency trading users is increasing, leading more users to turn to on-chain derivatives trading. Decentralized perpetual contract platforms (Perp DEX) have become one of the most promising sub-tracks in this cycle.

• HYPE (Hyperliquid): Up 15% this week, it has become one of the most representative leading assets in this cycle of derivatives. Hyperliquid is a high-performance L1 optimized from the ground up, with a vision to create a fully on-chain open financial system. As on-chain trading volume continues to grow, its ecological value is also being continuously repriced by the market.
• XLM (Stellar): Up 78% in a single week, an established public chain project. The Stellar network is an open payment network that connects different financial systems, allowing anyone to build low-cost financial services for their communities. XLM has been continuously promoting institutional collaborations and ecological construction in recent years.

AI track regains attention, BSC ecology explodes over the weekend

After several weeks of adjustment, the AI track once again became the focus of capital. Whenever market liquidity improves, AI remains one of the popular directions where consensus among funds is easily formed. At the same time, market expectations regarding Binance's launch of U.S. stock-related services continue to rise, driving BNB stronger and further activating the entire BSC ecology.

Previously, Huobi HTX has fully launched the TradFi sector, providing users with the ultimate experience of "24/7 U.S. stock contract trading". Currently, the "U.S. Stock Contract TradFi Trading Competition" has also been launched, trading perpetual contracts of hot quality U.S. stocks and TradFi assets to share a generous prize pool of $50,000.

• WLD (Worldcoin): Up 21% this week, driven by OpenAI founder Sam Altman, consisting of World ID (a privacy-protecting digital identity), Worldcoin Token (freely distributed globally), and World App. The narrative of AI and crypto integration remains one of the long-term promising directions in the market.
• FHE (Mind Network): Up 19%. As a representative project focusing on privacy computing and crypto AI infrastructure, the "AI + privacy computing" track of FHE is attracting increasing attention from institutions. As AI applications continue to expand, the demand for data security and privacy protection is simultaneously increasing, creating new growth space for related projects.
• BNB: Up 10% this week, as the core asset of the BSC ecology, its rise boosts the overall ecological activity; Binance Life: Up 20% within the week, a Chinese MEME project of BSC, is one of the most talked-about assets this week.

DeFi and BTCFi continue to develop, emerging narratives keep appearing

This week, the DeFi and BTCFi sectors maintained their activity as well. More and more market participants are beginning to realize that Bitcoin is not only a store of value tool but also has the potential to become an important underlying asset of future on-chain financial systems. Thus, the BTCFi track has become one of the significant incremental directions in this market cycle.

• WARD (Warden Protocol): Up 13%. The Warden protocol is a full-stack L1 blockchain designed for developers to build smart applications. As on-chain capital utilization increases and yield strategies enrich, the DeFi track is welcoming a new product innovation cycle.
• Newly launched project ZEST (Zest Protocol): Up 10%. Zest Protocol is a Bitcoin lending protocol. As the Bitcoin ecosystem continues to expand, a new ecology is rapidly forming around improving BTC asset utilization, enhancing yields, and building financial applications.

High-quality assets continue to emerge, Huobi HTX helps users seize structural opportunities

From this week's market performance, although the overall trend remains primarily fluctuating, structural opportunities always exist, with various tracks including Perp DEX, AI, Layer1, BSC ecology, and BTCFi taking turns to be active.

As a leading global cryptocurrency trading platform, Huobi HTX always adheres to a global asset layout, continuously exploring high-quality projects with long-term growth value and innovative potential, and provides users with richer, safer, and more diverse investment options through a stringent asset screening mechanism. In the future, Huobi HTX will continue to leverage its platform advantages to help global users quickly discover high-quality assets, seize the next growth opportunities, and share the long-term dividends of the cryptocurrency industry’s development.

About Huobi HTX

Huobi HTX was established in 2013, and after 13 years of development, has transformed from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

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

For more information about Huobi HTX, please visit https://www.htx.com/ or HTX Square, and follow X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.