In the past week (August 4 - August 11), the crypto market saw frequent shifts in hotspots, with mainstream and emerging sectors progressing together. Funds rapidly shifted between Meme, public chains, and emerging narrative sectors. Overall, multiple assets on the Huobi HTX platform saw significant increases, trading activity rose sharply, and some assets experienced short-term surges driven by single events, while mainstream sector ETH ecosystem assets steadily climbed.
The Meme sector is leading, with DONKEY and MEMEFI in the spotlight.
This week, the Meme sector continues to be strong. Although these assets are highly volatile, they often create a wealth effect in the short term due to their low entry barriers, strong community, and ease of dissemination, becoming a barometer of market sentiment amid frequent shifts in current hotspots.
DONKEY (BSC Meme): Weekly increase of up to 197%, ranking first in this week’s growth. As a popular Meme asset on the BSC chain, it originated from the social hot meme 'CZ self-mocking I am a donkey', which triggered high community engagement and continuous meme creation, attracting a large influx of short-term funds. It has become a representative of lightweight Meme assets on-chain.
MEMEFI (Meme): Up 120%. MemeFi is a Web3 social technology game that stacks a complex socio-economic layer on top of PvP and PvE games. By introducing keys for player transactions to increase rewards, the game becomes more interesting. Supported by on-chain interactive activities and airdrop expectations, prices continued to rise during the week.
Emerging narratives and innovative sectors have erupted, with SOON and OG shining.
Public chain performance breakthroughs, fan economy hype, integration of chain games and decentralized research, and AI fusion are all heating up. This also attracts both short-term speculation and long-term investment.
SOON (L1 Public Chain): Up 145%, becoming one of the most关注的新公链项目之一. SOON is a rollup stack aimed at providing top performance for all first-layer blockchains. As a new L1 public chain project, it attracts dual attention from public chain enthusiasts and speculative funds due to its high-speed, low-fee on-chain performance test results and early ecological layout. The market generally believes that beyond the Ethereum and Solana ecosystems, there remains imaginative space for new public chain narratives.
OG (Fan Token): Weekly increase of 124%, the fan economy concept has once again gained market popularity. The OG Fan Token (OG) is a fan token issued in collaboration between the esports club OG and Socios.com. OG carries the traffic of sports and entertainment IP, with on-chain fan economy becoming active again in the new cycle.
A2Z (GameFi): Up 108%. The chain game sector has repeatedly become a hotspot in this year’s recovery trend, and A2Z (Arena-Z) redefines the Web3 gaming experience by providing a simplified player-first infrastructure based on OP Stack, with both on-chain active users and transaction volume reaching new highs for the stage.
BIO (DeSci): Up 96%, the renewed warmth of the decentralized science (DeSci) sector has triggered market expectations for the long-term narrative of blockchain-enabled research. Although these projects exhibit significant short-term price volatility, they possess a unique positioning in long-term value exploration.
GRIFT (SOL AI): Up 97%, the fusion of AI and SOL narratives has sparked a speculative frenzy. ORBIT (GRIFT) is an integrated DeFi companion that uses AI agents to coordinate and execute on-chain operations based on users' natural language prompts. AI, as one of the long-term narratives in the crypto market for 2025, becomes even more fascinating when combined with high-performance public chains. The market's exploration of the integration of AI and on-chain data is still rapidly advancing.
ETH and its ecosystem assets are steadily climbing, forming a robust allocation direction.
This week, the price of Ethereum (ETH) stabilized and rebounded, driving the continued rise of staking and DeFi core assets, becoming a robust allocation direction.
LDO (Staking): Up 63%, driven by the recovery of the Ethereum staking ecosystem and rising staking APR. Lido is a liquid staking solution for Ethereum. Lido allows users to stake ETH without a minimum deposit or maintenance infrastructure, while also participating in on-chain activities (such as lending) to achieve compounded growth of returns.
PENDLE (DeFi): Up 45%, the interest rate derivatives sector has seen a resurgence in institutional demand. Pendle Finance is a protocol for tokenizing and trading DeFi yields, allowing users to execute various yield management strategies.
ENA (DeFi): Up 38%, steadily climbing against the strong backdrop of the ETH ecosystem. Ethena is a synthetic dollar protocol built on Ethereum, aimed at providing a crypto-native solution for currencies that do not rely on traditional banking infrastructure. Its main product currently is Delta-neutral synthetic dollars (Synthetic Dollars) USDe.
As the market enters mid-August, hotspots continue to emerge, intertwining new and old sectors to create rich trading opportunities. High-volatility sectors such as Meme, AI, public chains, and GameFi provide a stage for short-term funds, while core assets like the ETH ecosystem solidify the market foundation. Huobi HTX will continue to help users capture wealth effects and potential opportunities in the new cycle through quality new listings and market tracking.
About Huobi HTX
Huobi HTX was established in 2013. After 12 years of development, it has transformed from a cryptocurrency exchange into a comprehensive blockchain business ecosystem, covering digital asset trading, financial derivatives, research, investment, incubation, and other businesses.
Huobi HTX, as a global leader in the Web3 portal, adheres to a development strategy of global expansion, ecosystem prosperity, wealth effects, and safety compliance, providing comprehensive, safe, and reliable value and services for virtual currency enthusiasts worldwide.
