HTX is the governance token of HTX DAO, a decentralized autonomous organization that relies on the collective decisions of token holders rather than a single central operator. HTX DAO launched in January 2024 and is closely tied to the ecosystem of the global crypto exchange HTX, formerly known as Huobi.
At launch, holders of the older exchange token HT were offered a path to convert into HTX. Because Justin Sun serves as an advisor to the HTX exchange, the project is often linked with the TRON ecosystem.
HTX holders have the right to vote on proposals submitted to the DAO, and they can freely delegate their voting power to other addresses. The aim is for the community to jointly decide matters such as ecosystem direction and the use of funds.
The HTX token is multichain, issued and circulating on networks including TRON, Ethereum and BNB Chain. Beyond governance, expanding its utility within the HTX exchange ecosystem is presented as a core goal.
Data provided by CoinGecko
HTX has a very large total supply of roughly 999 trillion tokens, which tends to keep the per-unit price low. Each quarter, the HTX exchange uses a portion of its revenue to buy HTX on the market and burn it.
According to official announcements, cumulative burned and pledged HTX reached about 117.79 trillion tokens after the Q2 2026 burn on July 15. Roughly 32.82 million dollars worth of HTX was reported burned in the first half of 2026 alone, as part of a deflationary supply policy.
Regular burns tied to a large exchange's revenue and a governance model based on holder voting are often cited as HTX's distinguishing features. Its availability across several chains is also noted as making it relatively accessible.
On the other hand, the token's value and ecosystem depend heavily on the performance and operation of a single exchange, which is a concentration risk. Readers should also consider how decentralized governance is in practice, regulatory changes and exchange security concerns; this overview is informational and not investment advice.
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