According to a report from Mars Finance and data from CryptoQuant, the spot trading market for new tokens is heating up in 2025, with Huobi HTX performing impressively, ranking first in the second tier of the industry with a cumulative trading volume of $38 billion, accounting for 22% of daily trading volume, significantly increasing its market share.
Overall, Binance still leads with a cumulative trading volume of $133 billion, holding a market share of 34%; Huobi HTX, Bybit, and MEXC follow closely behind, with trading volumes of $38 billion, $35 billion, and $34 billion, respectively, occupying the second tier. In the past month, the daily trading volume of the new token market reached a peak of $1.6 billion.
This statistics covers major exchanges that have launched between 19 to 31 new tokens this year, including projects with high market popularity such as BIO, AIXBT, CGPT, etc. As new tokens gradually become an important track for driving trading volume and user activity, Huobi HTX, with its efficient listing process, deep liquidity, and community user base, is continuously consolidating its competitive advantage in the global trading market and is expected to continue expanding its share in the future.
