HTX Reborn: Sun Yuchen Introduces Governance System to Exchange for the First Time
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HTX Reborn: Sun Yuchen Introduces Governance System to Exchange for the First Time
From public blockchains and AI to memes, covering all new token listings, with continuous optimization of the listing mechanism.
Navigating Web3 tides with focused insightsWritten by: TechFlow
Since joining the Huobi Global Advisory Committee, Sun Yuchen has once again stepped into the spotlight—no longer playing the familiar role of a behind-the-scenes operator.
After Li Lin's exit and the founding of the new Huobi, "Huobi" has gradually transformed into "HTX"—a complete rebranding reflecting Sun Yuchen’s ambitious vision. The exchange赛道 remains a stronghold for Chinese entrepreneurs.
In January 2024, HTX was officially launched as both the token for HTX DAO and the HTX exchange—a dual-token model distinct from Binance’s BNB chain + exchange approach. This setup strikes a visible balance between centralized exchanges and decentralized governance.
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H stands for the HTX exchange, contributing abundant liquidity to HTX DAO;
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T represents the TRON network, currently the primary issuance platform for TRC-20 tokens;
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X symbolizes infinite possibilities for ecosystem development.
The significance of ecosystem integration is that no matter how users enter the HTX ecosystem, they can seamlessly move across all areas—from stablecoins to trading—enjoying boundless transactional freedom.
HTX Reborn: Empowering Continuous Growth
Love him or not, Sun Yuchen consistently stays in the headlines. Interestingly, starting from English-speaking communities, John Squire shared his multi-layered thoughts on HTX in a tweet that garnered over a million impressions.
From exchange token performance to speed of new asset listings, HTX continues its momentum. Key analytical points include:
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$HTX’s current trend indicates long-term holding potential and growth prospects. If the price reaches around $0.0000016, it could become a worthwhile investment.
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HTX performed strongly in Q1 2024, with projected quarterly revenue growth of 42%.
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Fast listing pace: 70 events in January, 53 in February, and 79 in March.
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Over 85% of tokens listed on HTX in Q1 saw price increases exceeding 5x, with some surging over 100x—such as WIF and GTA.
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Inspired by liquid staking, HTX introduced an innovative staking mechanism: users earn staking rewards simply by holding tokens in their HTX accounts—without sacrificing liquidity.
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Some existing HT benefits have been migrated to HTX, including offsetting HTX trading fees, boosting annual yields on HTX financial products, and 1.5x faster Prime upgrade speeds.
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Sun Yuchen ensures 50% of HTX exchange’s quarterly revenue goes toward “liquidity rewards,” distributed to HTX holders who provide liquidity, along with a trade mining mechanism allowing fee-sharing across multiple trading pairs.
The logic is simple: HTX is now the governance token of HTX DAO, enabling holders not only to share in traditional exchange fee revenues but also directly participate in liquidity incentives, combining the best of CEX and DEX models.
However, it should be noted that there has been no disclosure yet regarding future synergies between HTX and other assets like TRX. Such enhancements may come—but might require significant time.
In the current exchange landscape, HTX still lags somewhat behind leaders. Yet taking IEOs—the most wealth-generating category—as an example, HTX has maintained positive returns. How it will move forward and leverage its consistently strong cash-flow business remains to be seen through future strategic moves.
More Than Trading: Introducing Governance to Exchanges for the First Time
Looking back at the governance use cases of HTX DAO, this marks the first time a mainstream exchange has integrated a DAO mechanism into its operational framework—a clear departure from conventional exchange operations.
On the international front, HTX is also gaining traction in niche markets such as South Korea and Turkey. Previously, these regions were treated merely as dumping grounds by global giants. In HTX’s design, however, exchanges in different languages can serve as vital components of community governance.
For instance, users can hold HTX to participate in governance, contribute liquidity for rewards, and help shape the future of HTX DAO—letting decentralization govern, and centralization fuel liquidity.
Of course, without回避, some KOLs hold differing or even critical views toward HTX and Sun Yuchen. But one thing must be acknowledged: Sun Yuchen’s controversial presence is still presence, and HTX’s listings are real listings.
The liquidity poured into TRX and HTX represents genuine, tangible support.
After HTX changed hands, generating wealth effects became its top priority. And the best way to create wealth effects? Continuous new listings—thinking what users think, acting on what users need.
From public chains and AI to Memes, HTX lists everything—and continuously optimizes its listing mechanisms. HTX holders will have greater opportunities to participate, moving beyond the old game of large players profiting at the expense of retail.
The synergy between HTX and stablecoins has already begun. For example, the DeFi protocol Sun.io has officially joined HTX DAO as a governance member and partner, allowing users to add HTX/TRX liquidity. Ecosystem collaboration—especially the bundled effect of HTX/TRX/USDT/BTT—is beginning to unfold.
Ecosystem Synergy: Inclusive and Interoperable
Talk about growth, discuss ecosystems—but ultimately, everything comes down to governance and tokens. Crypto users differ fundamentally from traditional Web2 audiences; they respond dynamically based on diverse interest groups.
Every voice deserves to be heard. Since the launch of HTX DAO, despite various criticisms, HTX’s trading volume has rebounded, and TRC-20 USDT’s market share continues to rise. Everything is trending positively.
As the saying goes: better criticized than ignored.
Sun Yuchen has now reached the age of thirty, standing at a pivotal point. His dream has always been to bring Chinese influence into the global market—and right now, that path leads through exchanges and stablecoins.
From the 2017 blockchain race, where Tron successfully established itself, to the battle for dominance in stablecoin issuance chains, Tron has become the daily choice for tens of millions thanks to its ultra-low fees—emerging as a pricing benchmark and value standard across the entire crypto market.
Sun Yuchen has won two major battles—public chains and stablecoins. Today’s battleground is clearly the exchange赛道. After Hong Kong’s resurgence, people have realized that exchange liquidity is the real treasure. Everything—whether you like it or not—must be built upon this foundation.
This time, Sun Yuchen has decided to let go a little—returning HTX and TRX to the community, especially international members. The future of HTX is in your hands!
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