Many people haven't truly understood HTX's real market position.

CMC spot trading volume ranks fifth, which in itself isn't a big deal, but the key point is— the gap between it and the second, third, and fourth-ranked exchanges isn't large, just a few percentage points.

Here's the interesting part: HTX's number of listed tokens is far lower than other leading exchanges. The more tokens there are, the more the traffic naturally disperses, and the trading volume also rises accordingly. But HTX, with so few tokens, can still match the trading volume—what does this indicate?

First, the listing threshold is indeed strict, which ensures quality. Second, within a limited asset pool, the actual trading share is quite substantial. Don't be fooled by simple ranking numbers; digging deeper into the data structure reveals the true competitiveness of the institutions.