In October, as macroeconomic uncertainty increased, the current crypto market volatility intensified, and investors emotions repeatedly swung between fear and greed. While Bitcoin hit seven, popular concepts such as Meme coins are also setting off a new round of enthusiasm. October is a memorable month for Huobi HTX, with significant increases in trading volume and user growth, and outstanding performance in platform organic traffic. The October report card released by Huobi HTX will review the important achievements of Huobi HTX in October from the aspects of user growth, market performance, new asset launches, product optimization, security protection and community activities.
Huobi HTX achieves impressive growth in global markets, presents at Blockchain Life 2024 Summit and wins awards
In October, Huobi HTXs market performance and user growth data were both very impressive. First, in terms of the number of registered users, it increased by 12% month-on-month, and the number of deposits increased by 15% month-on-month, demonstrating the further improvement of users trust and activity in Huobi HTX. In terms of traffic data, Huobi HTX also achieved significant growth: page views (PV) reached 42 million, a month-on-month increase of 10.5%; exposure increased to 287 million, a month-on-month increase of 26.5%.
In addition, the number of external links increased to 6.9 million, with an increase of 1 million, a month-on-month increase of 17%, indicating that Huobi HTX has maintained a steady upward trend in market popularity. The number of keywords included also set a historical record, reaching 51,700, a month-on-month increase of 41%, injecting greater momentum into traffic growth.
It is worth mentioning that from October 22 to 23, Huobi HTX exclusively sponsored the Blockchain Life 2024 business exchange area and appeared in the platinum exhibition area of the summit. This move is not only a display of Huobi HTXs own brand and strength, but also deepens the cooperation with the Middle East crypto community, injecting new impetus into promoting the innovative application of global blockchain technology and cryptocurrency.
Huobi HTX Global Advisor Justin Sun won the Best Crypto Entrepreneur of the Year award at this summit, fully demonstrating the summits high recognition of his outstanding achievements and innovative capabilities in the blockchain field.
New assets follow MEME hot spots, and research reports provide insights into industry trends
In October, Huobi HTX also achieved excellent performance in the launch of new assets. A total of 15 new assets were launched during the month, especially AI MEME concept currencies such as GOAT, ACT, FARTCOIN, etc., which closely followed the market hot spots. Among them, GOAT increased by 3 times after the launch of Huobi HTX, bringing significant wealth effect to users. At the same time, the platforms first launch of EIGEN, PUFFER, SCR and GRASS projects also provided users with more high-quality investment options.
In terms of research report releases, HTX Ventures has a deep insight into market trends and launched two important industry reports around industry hotspots:
1. Analysis of the Meme Track in 2024: From Viral Spread to Ecological Bridgehead explores the development direction and potential impact of the Meme track in 2024.
2. Looking at the 2024 US Election from a Crypto Perspective: A Potential Turning Point from Strict Regulation to Innovation Support analyzes the regulatory policy trends of the US election on the crypto market and provides investors with valuable policy perspectives.
In terms of major events, HTX DAO completed the destruction of HTX tokens for the third quarter of 2024 on October 15, destroying a total of 15.81 billion HTX tokens with a total value of more than 21.25 million US dollars. In addition, after extensively listening to the opinions of the community, HTX DAO decided to directly destroy a portion of the tokens originally used for liquidity donations, further improving the liquidity and scarcity of the tokens.
At the same time, HTX DAO launched an ambassador program to promote the HTX DAO brand globally and promote cross-community cooperation and exchanges.
Product optimization is smoother, customer service is more considerate, and security upgrades are more reassuring
In October, Huobi HTX also made significant progress in product functions and security protection. The APP was optimized on a large scale, with a 36% increase in startup loading speed and a 40% decrease in network loading failure rate, providing users with a smoother user experience. At the same time, the APP also launched the industrys first seamless account switching function to improve user convenience. In order to give back to user support, Huobi HTX also fully upgraded the current product, providing limited-time interest rate subsidies for up to 13 mainstream assets, with the highest annualized interest rate reaching 700%, bringing more benefits to users.
In October, Huobi HTX’s customer service team performed well, serving 30,422 users and effectively handling 63,532 incoming calls, mainly focusing on P2P transactions and account security issues. User satisfaction also reached more than 82%, demonstrating Huobi HTX’s high-quality service level.
In terms of security, Huobi HTX has added a new web-based anti-cookie hijacking function to ensure the security of user accounts; it has also introduced liveness authentication, API supports ED 25519 encryption, and added self-generated API keys to further ensure the security of transactions.
Huobi HTX has always been on guard against illegal activities. In October, a total of 280,871 user security reminders were issued, and 5 phishing websites and fake APP download websites were cracked down. In terms of transaction security, the platform successfully intercepted 7 withdrawal requests to fraudulent addresses, recovering 12,689 USDT for users, and handled 13 external stolen asset inflow incidents through various channels, helping external users freeze 491,745 USDT of stolen funds. In terms of fund security, 190 blacklist addresses were added, and 13 deposits were intercepted, with an amount of 32,946 USDT.
Huobi HTX has updated the Merkle tree asset proof data for October 2024, further demonstrating the platforms high attention to the security of user assets. The specific updated reserve rates are: USDT 100% (platform assets 580, 601, 392), BTC 100% (platform assets 25, 926), ETH 101% (platform assets 102, 426), HTX 105% (platform assets 335, 344, 362, 459, 592), TRX 105% (platform assets 9, 754, 762, 663). Huobi HTX continues to uphold the principle of transparency and is committed to providing users with a trustworthy trading environment to ensure the safety of every users assets.
In the future, Huobi HTX will continue to focus on improving both user experience and platform security, and actively promote product innovation and market development. At the same time, with the help of community power and the global ambassador program, HTX DAO will deepen its global layout, connect more users, and strengthen brand awareness. The October report card not only shows the outstanding achievements of Huobi HTX in user growth, product optimization, and security assurance, but also demonstrates the platforms determination and potential to keep making progress and firmly promote its globalization strategy. Huobi HTX will live up to user expectations and continue to move forward steadily in the future to provide global users with a better encryption service experience.
