[Bitrace: Rapid Growth in Competitor Business Volume After Huionepay Shutdown, Total Revenue Exceeds 5 Billion USDT in 2025] Deep Tide TechFlow reports, on February 10, according to monitoring by Bitrace (@Bitrace_team), Huionepay collected a total of 524 billion USDT in 2025, but by December, its on-chain activity had almost completely ceased. Competitors Okpay, Fullylight Wallet, and Newpay saw growth in business volume during November and December following Huionepay's collapse, with total revenue exceeding 5 billion USDT in 2025. However, this only accounts for a small fraction of the business volume previously handled by Huionepay. It is reported that Huionepay is a payment platform allegedly used for receiving, transferring, and cashing out fraudulent funds. Due to its suspected involvement in money laundering activities, Huionepay has become a key target for global efforts to combat illegal cross-border activities.