In the past week (July 20–July 26), the crypto market continued its structural trend, with capital continuously rotating around high-certainty narratives. According to data from the Huobi HTX platform, the DeFi sector became the strongest main line this week, with assets strengthened collectively around the core narrative of real returns and institutional infrastructure, among which BANK recorded a weekly gain of 87% based on its previous surge; meanwhile, the TRON ecosystem benefited from the recovery in on-chain DeFi activity, with WIN and JST rising simultaneously; the AI sector's ZAMA and BEAT also performed brilliantly. Huobi HTX, with its comprehensive coverage and forward-looking asset matrix, has once again captured the wealth effect across different sectors for users.

The DeFi Sector Leads the Market, with Institutionalization and Real Returns as the Core Narrative

The strength of the DeFi sector this week is not merely emotion-driven, but revolves around a clear central narrative — combining real returns, institutional-level asset management, and on-chain infrastructure to inject sustainable value support into protocol-based assets.

BANK (Lorenzo Protocol): Weekly gain 87%, continuing its previous strong upward trend. Lorenzo Protocol is an institutional-grade on-chain asset management platform, where its core innovation "Financial Abstraction Layer" supports the tokenization of real return strategies and their issuance in the form of On-Chain Trading Funds (OTF), while aiming to release on-chain liquidity of Bitcoin, allowing BTC holders to obtain returns without giving up self-custody. This week, amidst the continued warming of the BTCFi narrative and the number of on-chain holding addresses breaking 57,000, BANK broke through a long-term consolidation range, entering a price discovery stage, with trading volume increasing simultaneously.

EUL (Euler Finance): Weekly gain 41%. Euler is a modular lending protocol on Ethereum, and its V2 version has upgraded from a traditional DeFi lending platform to a customizable "credit infrastructure," allowing users to set their own collateral and liquidation mechanisms, and build customized credit limits, thus gaining favor among institutional users. This week, EUL broke through a long-term downtrend channel driven by multiple factors such as the listing of a Korean won trading pair on Upbit and concentrated short-covering in the derivatives market; at the same time, the protocol's support for real-world asset (RWA) tokens, such as BlackRock BUIDL tokenized fund, also provides support for its medium- to long-term narrative.

DIA (DIA): Weekly gain 31%. DIA is a verifiable oracle network aimed at professional DeFi scenarios. Unlike traditional oracles that rely on market transaction prices, its recently launched "DIA Value" provides intrinsic value pricing for tokenized government bonds, interest-bearing stablecoins, and other assets with weaker liquidity through on-chain fundamentals (such as smart contract redemption rates), penetrating the tokenized asset market worth over $100 billion, and has already been integrated by lending protocols such as Euler and Silo. In the context of the continued fermentation of RWA and institutional-level DeFi narratives, DIA this week broke through long-term consolidation and underwent a recovery trend.

TRON Ecosystem: On-chain DeFi Activity Revives, WIN and JST Strengthen Together

As one of the world's leading public chain ecosystems, TRON's on-chain DeFi activity has continued to recover recently, with an increase in demand for core scenarios such as stablecoin settlement and decentralized lending, driving ecosystem tokens to strengthen simultaneously.

JST (JUST): Weekly gain 8%. JST is the governance token of JUST, the core DeFi protocol of the TRON ecosystem, covering key scenarios such as JustLend decentralized lending and JustStable stablecoin. This week's strong performance of JST has clear fundamental support — on July 17, JustLend DAO completed the largest buyback and burn in history, destroying approximately 355 million JST (worth about $34.59 million); since October 2025, a total of 1.71 billion JST have been burned, accounting for about 17.29% of the total supply. The continuous deflationary mechanism provides solid support for the token price, and JST has performed strongly this year, previously hitting a nearly four-and-a-half-year high.

WIN (WINkLink): Weekly gain 13%. WINkLink is the first comprehensive oracle network of the TRON ecosystem, providing price feeds, verifiable random numbers (VRF), and custom data services for on-chain DeFi applications, making it an important part of TRON's DeFi infrastructure. In the context of the overall recovery of on-chain DeFi activity in the TRON ecosystem and the synchronous strengthening of ecosystem tokens, WIN steadily rose this week.

AI Sector: ZAMA and BEAT Both Strengthen

AI remains one of the strongest main lines of this market trend, with sub-sectors such as privacy computing, integration of AI and content ecosystems continuing to attract capital attention.

ZAMA (Zama): Weekly gain 54%. Zama is a confidential blockchain protocol based on Fully Homomorphic Encryption (FHE) technology, regarded as the "HTTPS layer" of blockchain, allowing for encrypted computation on-chain without decrypting data, achieving a balance between privacy and verifiability. This week, ZAMA not only broke through technical consolidation, but news of its confidential pricing (RFQ) system aimed at Ethereum being open for public testing further boosted market sentiment.

BEAT (Audiera): Weekly gain 54%. BEAT is the ecosystem token of the music social platform Audiera, driving the ecological evolution in the "content + AI" direction. This week, Audiera continued to carry out token buybacks and burns based on the platform's real income — according to project disclosure, it has destroyed over 17 million BEAT, with the deflationary mechanism combined with a rebound in ecological heat, jointly driving BEAT's strength this week.

Accelerating Multi-Sector Rotation, Huobi HTX Continues to Capture Wealth Effects

From the market performance this week, the cryptocurrency trend has continued to show distinct sector rotation characteristics: the DeFi sector leads based on institutionalization and real returns narratives, the TRON ecosystem benefits from the rebound in on-chain activity, and the AI sector maintains high heat, with structural opportunities continuously emerging.

As a leading global crypto asset trading platform, Huobi HTX continues to focus on industry hotspots and quality project layouts, constantly enriching the platform's asset matrix, providing investment options covering multiple popular sectors such as DeFi, AI, RWA, BTCFi, and the TRON ecosystem. Meanwhile, the platform adheres to a stringent asset screening mechanism and continuous operational capability building, helping users seize every structural opportunity in the crypto market more efficiently.