HTX unveils an impressive performance report for Q3 2024, detailing its achievements and progress in key areas such as trading volume, user growth, new asset listings, global influence, the HTX DAO ecosystem layout, product features, HTX Ventures investment outcomes, security measures, customer service data, and the platform’s proof of reserves.
Q3 Experiences Surge in Trading Volume and User Growth Amid Market Downturn; Newly Listed Meme Coins Shine
In Q3 2024, HTX saw a remarkable 42% increase in the daily average number of traders compared to the previous quarter. This growth demonstrates HTX’s success in attracting global users through its stable products and high-quality services, reflecting users’ ongoing trust and reliance on the platform.
In July, HTX’s trading volume increased by 11.3% from the previous month. On July 24, the platform hit a 24-hour trading volume of $2.8 billion, securing the 2nd place globally. This milestone marks the third time this year that HTX has attained a top-two position among global exchanges, highlighting its steady development and strong presence in the market.
Furthermore, in this quarter, HTX listed a total of 43 new assets, with the SunPump and meme coin sectors garnering considerable attention. With the onset of the SunPump craze, HTX took the lead as the first platform to fully support the listing of SUNPUMP-based meme coins. Notably, SUNDOG stood out as the top performer. It reached an extraordinary 37-fold price increase after debuting, showcasing its considerable market potential. In addition to SUNDOG, HTX is also actively supporting other popular projects built on SUNPUMP, such as SUNWUKONG and SUNCAT.
HTX is also ahead of its peers in supporting Ethereum meme coins and has become the first exchange to list First Neiro on Ethereum ($NEIROCTO) for trading. Following its listing on HTX, $NEIROCTO skyrocketed, achieving an incredible increase of up to 137 times and creating substantial wealth for users in the market. Additionally, in September, HTX was among the first exchanges to support the launch of MOODENG, which soared fourfold within just two days of its listing, earning substantial praise from both the community and the users.
HTX Expands Globally with Notable Growth in Russia; HTX DAO Participates in TOKEN2049 and Other Major Industry Events
HTX is not only sustaining strong momentum in the Asian and European regions but has also achieved notable breakthroughs in the Russian market. In September, HTX secured the third-largest market share in Russia, accounting for 13.15%. This achievement is a testament to the platform’s success in the Russian market, showcasing the growing trust that Russian users have in HTX, especially in terms of its security, liquidity, and innovation. Additionally, HTX’s traffic share increased by 2% in both India and Japan during the same month.
In Q3 2024, HTX DAO received the second ecosystem liquidity pledge as scheduled. It participated in this year’s TOKEN2049 and co-hosted the HTX DAO x TRON TOKEN2049 Afterparty on September 18. At the event, Justin Sun, Global Advisor of HTX, stated that they will further enhance the collaboration between TRON and HTX to create a comprehensive Web3 ecosystem through the synergistic growth of both platforms.
On September 25, HTX DAO made a strong impression at Crypto Summit 2024, as an exclusive sponsor of its registration desk and a key partner. This demonstrates HTX DAO’s commitment to expanding its presence in the CIS region, a vital market for the global growth of its ecosystem, and showcases its unique decentralized governance model. Through the Summit, the budding ecosystem attracted a broad array of crypto community members, developers, partners, and users, further strengthening its global community and decentralization.
HTX Enhances User Experience with Product Upgrades, While HTX Ventures Expands Investment in Innovative Projects
During Q3, HTX upgraded several product features. These enhancements focus on eight key areas, including the upgrade of Fireblocks custodial accounts, the latest iteration of Copy Trading 4.0, optimizations to futures services, a redesigned Assets page, and updates to the Earn products. Through such efforts, the platform has significantly strengthened user experience and account security.
On September 6, HTX debuted its brand-new HTX Telegram Mini App. It’s a game-changer as the first Telegram Mini App featuring P2P trading, designed to provide users with a more convenient P2P trading experience. After its launch, an increase of over 40,000 accounts have been linked to the HTX Bot.
Meanwhile, HTX Ventures continued to expand its investment in innovative projects in this quarter. In July, HTX Ventures announced its investment in Lombard and Redstone. The team also participated in events at EthCC in Brussels, sharing insights on “Restaking Development” and “How to Successfully Launch a Web3 Ecosystem.” In August, HTX Ventures made strategic investments in Corn and Nexio. In September, it announced investments in Vanilla Finance and BSX, and released a research report titled “Exploring the BTCFI Rabbit Hole from the Perspective of Bitcoin’s Programmability” . Starting with the feasibility and evolutionary path of Bitcoin programming, this paper systematically explores Bitcoin’s potential and challenges in the field of Bitcoin decentralized finance (BTCFI).
HTX Strengthens Security Measures and Increases User Satisfaction with PoR Maintaining Above 100%
HTX significantly improved account, trading, and asset security in Q3. The platform issued 831,744 security alerts and combated 16 phishing websites. It successfully intercepted users’ withdrawals to scam addresses 9 times, preventing a loss of 127,531 USDT. Additionally, HTX blacklisted 9,990 new addresses and intercepted deposits to these blacklisted addresses, totaling 1,249,876 USDT. Besides, the customer service team received an 82% satisfaction rating, further demonstrating HTX’s focus on responding to user needs.
HTX continued to maintain sufficient reserves in Q3. On September 1, HTX updated its Merkle Tree Proof of Reserves, indicating that its reserve ratio consistently exceeds 100%. The latest details are as follows: 100% for USDT; 100% for BTC; 101% for ETH; 105% for $HTX; and 105% for TRX. Users can access relevant reports on HTX’s official audit page. The platform conducts regular audits to ensure the adequacy of its assets.
In Q3 2024, HTX showcased impressive growth momentum in user growth, new asset listings, and global market expansion. Looking ahead, HTX will remain committed to delivering better products and services, thereby creating greater value for all users.
The post first appeared on HTX Square.
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