The cryptocurrency market did not rally across the board last week. Bitcoin dominance held above 56%, and capital stayed concentrated in the majors, yet a number of small- and mid-cap assets staged rallies of their own. According to HTX’s data, gains between August 2 and August 9 were most concentrated in BSC memecoins, where TUT surged as much as 733% in a single week, while DeFi continued its strong performance from recent weeks.
BSC Memecoins: TUT, MUBARAK, and TST Rise in Tandem
TUT, MUBARAK, and TST were all launched on Four.meme, the memecoin platform on BNB Chain, and the community has long treated them as a single cohort, a connection that was particularly evident in last week’s price action.
● TUT (Tutorial): +733% for the week. TUT began as a token-launch tutorial demo; once the test token was moved to mainnet, a community consensus gradually formed around it. The price hit an all-time high last week.
● MUBARAK: +72% for the week. MUBARAK takes its name from the Arabic word for “blessed,” making it a memecoin on BNB Chain with a distinct Middle Eastern cultural identity.
● TST: +41% for the week. TST also started out as a test token and is one of the longer-established assets in the sector.
Memecoins follow no predictable pattern, and their price movements have little correlation with project developments, yet in certain windows, they can still produce a significant wealth effect. The flip side deserves equal attention: drawdowns in this sector come as fast as the rallies, and participants should be fully aware of the risks involved.
AI: SKYAI Breaks Out of a Three-Month Consolidation
● SKYAI: +291% for the week. SkyAI is a data infrastructure project on BNB Chain. Its Model Context Protocol (MCP) Hub acts as a routing layer, letting AI agents pull structured on-chain data across multiple MCP servers. The token had been trading sideways since early May before breaking out last week, and social media discussion has increased noticeably since early August.
DeFi: BICO and BMT Rebound From Record Lows; BTW Makes the List for a Third Straight Week
Activity in DeFi has now remained elevated for several weeks. BANK, EUL and DIA each strengthened earlier in that run, driven by the rollout of institutional products and the advance of the RWA narrative. Last week’s three standouts tell a different story: BICO and BMT both rebounded from their lowest prices since listing, representing a valuation recovery after becoming heavily oversold, while BTW’s advance rested on sustained interest in BTCFi, following a different trajectory from the other two.
● BICO (Biconomy): +240% for the week. Biconomy focuses on account abstraction and smart accounts. The ERC-8211 standard it launched jointly with the Ethereum Foundation bundles multi-step on-chain operations into a single transaction, supporting AI agents that execute DeFi workflows.
● BMT (Bubblemaps): +110% for the week. Bubblemaps visualizes on-chain holdings, turning wallet relationships and token distribution into bubble charts; “bubble map” has become common industry shorthand. The tool was previously integrated into the Binance Web3 Wallet.
● BTW (Bitway): +153% for the week. Bitway is a Bitcoin-compatible PoS Layer 1 public chain that lets BTC holders take part in financing, staking, and lending without bridging or giving up self-custody. This was BTW’s third consecutive week on the gainers list, following gains of 10% and 17% in the two prior weeks.
Repricing Dormant Assets
Several of last week’s gainers had spent a long stretch in the doldrums before they moved. SKYAI ranged for three months; BICO and BMT had just printed their lowest prices since listing; TUT was nothing more than a test token from a tutorial demo before it became a hot asset; and BTW only accelerated last week, after three straight weeks of gains.
When markets are quiet, attention narrows toward the majors, and small- and mid-cap assets can stay priced far below their actual level of market activity for long stretches. Once sentiment improves or a concrete catalyst appears, these assets have historically recovered faster and more sharply than expected.
An asset’s value, then, cannot be judged by current trading heat alone. HTX takes a long-term approach to screening and maintaining its listings, giving projects at every stage of development a stable trading environment, and allowing users to identify the relevant assets when market momentum begins to build.
The post first appeared on HTX Square.
