Huobi HTX Weekly Review of New Asset Listings (7.20–7.26): DeFi Institutionalization Narrative Leads Rally, BANK Rises Another 87%, TRON Ecosystem Strengthens Simultaneously

Over the past week (July 20—July 26), the crypto market continued its structural trends, with capital continuously rotating around high-certainty narratives. According to Huobi HTX platform data, the DeFi sector became the strongest main theme this week, with assets centered on the core narratives of real yield and institutional infrastructure collectively strengthening; among them, BANK recorded another weekly gain of 87% on top of previous surges. Meanwhile, the TRON ecosystem benefited from the rebound in on-chain DeFi activity, with WIN and JST rising simultaneously; ZAMA and BEAT in the AI sector also performed brilliantly. With a comprehensive and forward-looking asset matrix, Huobi HTX once again captured cross-sector wealth effects for users.

DeFi Sector Leads the Market, Institutionalization and Real Yield Become Core Themes

The strength of the DeFi sector this week was not purely driven by sentiment, but unfolded around a clear theme—combining real yield, institutional-grade asset management, and on-chain infrastructure to inject sustainable value support into protocol assets.

BANK (Lorenzo Protocol): Weekly gain 87%, continuing the previous strong upward momentum. Lorenzo Protocol is an institutional-grade on-chain asset management platform. Its core innovation, the "Financial Abstraction Layer," supports tokenizing real yield strategies and issuing them in the form of On-chain Transaction Funds (OTF), while committed to releasing Bitcoin's on-chain liquidity, allowing BTC holders to earn yield without giving up self-custody. This week, against the backdrop of the warming BTCFi narrative and on-chain holding addresses breaking through 57,000, BANK broke out of the long-term consolidation range into the price discovery phase, with trading volume amplifying simultaneously.

EUL (Euler Finance): Weekly gain 41%. Euler is a modular lending protocol on Ethereum. Its V2 version has upgraded from a traditional DeFi lending platform to a customizable "credit infrastructure," allowing users to set collateral and liquidation mechanisms themselves and build customized credit lines, thus favored by institutional users. This week, driven by multiple factors such as the listing of KRW trading pairs on Upbit and concentrated short covering in the derivatives market, EUL broke through the long-term downward channel; meanwhile, the protocol's support for real-world assets (RWA) such as BlackRock's BUIDL tokenized fund also provided support for its mid-to-long-term narrative.

DIA (DIA): Weekly gain 31%. DIA is a verifiable oracle network for professional DeFi scenarios. Different from traditional oracles relying on market transaction prices, its recently launched "DIA Value" provides intrinsic value pricing for less liquid assets such as tokenized treasury bonds and yield-bearing stablecoins through on-chain fundamentals (such as smart contract redemption rates), entering the tokenized asset market with a scale exceeding $100 billion, and has currently been integrated by lending protocols such as Euler and Silo. Against the backdrop of the continuing fermentation of RWA and institutional-grade DeFi narratives, DIA broke out of long-term consolidation this week, undergoing a recovery trend.

TRON Ecosystem: On-chain DeFi Activity Rebounds, WIN and JST Strengthen in Tandem

As one of the world's leading public chain ecosystems, TRON's on-chain DeFi activity has continued to rebound recently, with growing demand in core scenarios such as stablecoin settlement and decentralized lending, driving ecosystem tokens to strengthen simultaneously.

JST (JUST): Weekly gain 8%. JST is the governance token of JUST, a core DeFi protocol in the TRON ecosystem, covering key scenarios such as JustLend decentralized lending and JustStable stablecoin. This week, JST's strong performance had clear fundamental support—on July 17, JustLend DAO completed the largest buyback and burn in history, burning a total of approximately 355 million JST (worth approximately $34.59 million); since October 2025, the cumulative burn of JST has reached 1.71 billion, accounting for approximately 17.29% of the total supply. The continuous deflationary mechanism provided solid support for the token price; JST has performed strongly this year, previously hitting a new high in nearly four and a half years.

WIN (WINkLink): Weekly gain 13%. WINkLink is the first comprehensive oracle network in the TRON ecosystem, providing price feeds, Verifiable Random Function (VRF), and customized data services for on-chain DeFi applications, and is an important part of TRON ecosystem DeFi infrastructure. Against the backdrop of the overall rebound in DeFi activity in the TRON ecosystem and the linkage of ecosystem tokens, WIN moved steadily higher this week.

AI Sector: ZAMA and BEAT Both Strengthen

AI remains one of the most sustainable main themes of this market cycle, with sub-sectors such as privacy computing and the integration of AI and content ecosystems continuing to attract capital attention.

ZAMA (Zama): Weekly gain 54%. Zama is a confidential blockchain protocol based on Fully Homomorphic Encryption (FHE) technology, known as the "HTTPS layer" of blockchain, capable of completing on-chain encrypted computing without decrypting data, achieving a balance between privacy and verifiability. This week, while ZAMA broke out of consolidation on the technical side, news that its confidential Request for Quote (RFQ) system for Ethereum is about to enter public beta further boosted market sentiment.

BEAT (Audiera): Weekly gain 54%. BEAT is the ecosystem token of the music social platform Audiera, driving ecosystem evolution in the "Content + AI" direction. This week, Audiera continued to carry out token buyback and burn based on platform real revenue—according to project disclosure, its cumulative burn has exceeded 17 million BEAT; the deflationary mechanism coupled with the rebound in ecosystem heat jointly drove BEAT's strength this week.

Multi-Sector Rotation Accelerates, Huobi HTX Continues to Capture Wealth Effects

Judging from this week's market performance, the crypto market continued distinct sector rotation characteristics: the DeFi sector led gains based on institutionalization and real yield narratives, the TRON ecosystem was driven by the rebound in on-chain activity, the AI sector maintained high heat, and structural opportunities continued to emerge.

As a global leading crypto asset trading platform, Huobi HTX continues to focus on industry hotspots and high-quality project layout, constantly enriching the platform asset matrix, providing users with investment choices covering multiple hot sectors such as DeFi, AI, RWA, BTCFi, and the TRON ecosystem. At the same time, the platform adheres to strict asset screening mechanisms and continuous operational capability building, helping users grasp every structural opportunity in the crypto market more efficiently.