As we approach the end of 2025, the sentiment in the crypto market continues to recover, with trading activity heating up again alongside the festive season行情. Macro tailwinds and hot narratives are driving sector strength, with multiple sectors like AI, Privacy, and Meme showing a comprehensive rebound. Capital flows are clearly directed towards high-growth narratives and value targets in细分 themes. Several popular assets on Huobi HTX saw outstanding gains over the past week (December 22nd - December 28th), with ZBT leading the pack with a 127% increase, as market sentiment continues to聚集 around leading sectors.

AI Narrative Returns to the Mainstream: PAYAI, SQD Lead the Charge

The AI narrative remains the absolute main theme of 2025, with accelerating technological adoption driving a revaluation of application-layer assets. A key driver behind this week's strong rebound in the AI sector was the official launch of the V2 version of the x402 protocol by the Coinbase developer team. x402 is an open-source payment protocol built specifically for AI agents. The new version offers default multi-chain support, covering native token payments on ecosystems like Base and Solana, and is directly compatible with traditional channels like ACH and bank card networks, providing greater scalability for the commercialization of AI services.

Driven by this positive development, assets within the x402 ecosystem saw significant strength. This performance further validates the mid-2025 sector trend judgment—AI business models are moving from concept to a scalable stage. Huobi HTX's early布局 of related core assets provides users with ample opportunity to capture the行情.

• PAYAI (PayAI Network): Rose 103% this week, belongs to the AI sector within the x402 ecosystem. PayAI is an open-source, decentralized AI agent marketplace built on ElizaOS, libp2p, IPFS, and Solana. Market focus is on model capability upgrades and ecosystem expansion plans, making it a key tool for capital seeking exposure to the AI sector.
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• SQD (Subsquid): Rose 114%, AI computing power infrastructure. SQD Network is a decentralized data lake and query engine designed to provide developers with high-performance, permissionless data access. Rising expectations for computing power demand are driving valuation repairs, with trading volume significantly increasing, creating resonance between narrative and capital.

Privacy Protocols Regain Favor: ZBT, ZEC Both Rise

On-chain privacy capabilities are seen as a fundamental infrastructure proposition for the next cycle. The privacy sector continues to heat up, driven by policy trends and industry structural adjustments, showing a "resonance between old and new" structural行情. Huobi HTX's rich asset coverage provides users with multi-dimensional布局 options.

• ZBT (Zerobase): Topped the list this week with a 127% gain, a breakout project in the privacy narrative. Zerobase is a decentralized cryptographic infrastructure network supporting products like zkStaking, zkLogin, and ProofYield, connecting institutional DeFi, user privacy protection, and real-world asset (RWA) strategies, ensuring system verifiability and trustworthiness while safeguarding private data security.
• ZEC (Zcash): Rose 22%, a classic privacy asset representative. Zcash is a decentralized, open-source crypto internet currency, developed based on the Zerocash Protocol paper presented at the 2014 IEEE conference, utilizing zero-knowledge proofs and multiple account mechanisms to ensure transaction anonymity.

Seasonal Meme行情 Emerges: DONKEY, MYRO, HIPPO Rotate and Strengthen

Approaching the year-end, Meme sentiment is warming up. Light narratives and strong liquidity remain the advantageous characteristics of Meme-type assets. Several Meme assets on Huobi HTX achieved good gains. Their volatility advantage is matched with higher trading efficiency on the Huobi HTX platform, helping users flexibly grasp structural行情.

• DONKEY: Rose 21% this week, a BSC ecosystem Meme with some community heat. Its origin is a post by Binance founder CZ saying "I am a donkey." The donkey is seen as a symbol of hard work in Chinese culture, representing those who work diligently.
• MYRO (Myro): Rose 29%, a SOL ecosystem Meme. Myro is named after Solana founder Raj Gokal's beloved dog, Myro. This project pays homage to him and his dog and responds to the crypto space's普遍 demand for dog-themed narratives.
• HIPPO (sudeng): Rose 33%, a SUI ecosystem Meme. $HIPPO is a meme coin created by fans on SUI to celebrate the world's cutest hippo, Sudeng. Under new community-driven management, the project donates part of its profits to global wildlife causes.

Multiple Sectors Resonate Upward: DeFi, L1 Ecosystems Synchronously Recover

Beyond the hot narrative areas, multi-sector asset轮动上涨 indicates stronger signs of incremental capital回流, suggesting the year-end structural行情 may continue.

• 0G (Zero Gravity): Rose 38%, belongs to the DeFi+AI sector. Zero Gravity is a decentralized AI operating system, serving as the foundational layer for decentralized AI applications and blockchains. It efficiently coordinates the utilization of hardware resources like storage and computing, as well as software assets like data and models, to handle the scale and complexity of AI workloads.
• SPK (Spark): Rose 17%, benefiting from capital回流 and improved protocol expectations. Spark is an on-chain capital allocator, currently deploying $3.86 billion in capital across DeFi, CeFi, and RWA fields. It dynamically adjusts asset allocation based on market conditions automatically, significantly improving capital efficiency while maintaining a prudent risk appetite.
• XPL (Plasma): Rose 25%, belongs to the L1 ecosystem. Plasma is an EVM-compatible Layer 1 blockchain specifically built for high-capacity, low-cost global stablecoin payments. Prices continue to fluctuate upwards with expectations of traffic growth from underlying network ecosystem expansion.

Wealth Effect Highlights: Hot Assets Available on Huobi HTX

As the 2025行情 gradually recovers, sector differentiation remains significant. Choosing the right trading venue and a platform with forward-looking asset reserves will be key for users to gain an advantage in the new cycle. For most projects on this week's gainers list, Huobi HTX had already enabled trading support during their early布局 stages, allowing users more participation opportunities at the起点 of the行情.

Leveraging its敏锐 asset listing strategy and trading ecosystem advantages, Huobi HTX helps users achieve more efficient opportunity capture in complex market conditions. In the future, Huobi HTX will continue to iterate its platform strategies around market trends, user needs, and行情 cycle changes, expanding high-quality assets and trading depth to create a higher-certainty wealth appreciation path for users. More行情 and asset opportunities are available on Huobi HTX.

About Huobi HTX

Huobi HTX was founded in 2013. After 12 years of development, it has evolved from a cryptocurrency exchange into a comprehensive blockchain business ecosystem encompassing digital asset trading, financial derivatives, research, investment, incubation, and other businesses.

As a leading global Web3 portal, Huobi HTX adheres to a development strategy focused on global expansion, ecological prosperity, wealth effect, and security & compliance, providing comprehensive, secure, and reliable value and services to virtual currency enthusiasts worldwide.

To learn more about Huobi HTX, please visithttps://www.htx.com/ or HTX Square, and follow us on X, Telegram, and Discord. For further inquiries, please contact [email protected].