HTX DAO Completes Q1 $HTX Burn
Analysis based on 6 articles · First reported Apr 17, 2026 · Last updated Apr 17, 2026
The successful token burn by HTX DAO, removing $19.22 million worth of $HTX from circulation, is expected to increase the scarcity and long-term value of Tether (cryptocurrency). This deflationary action, coupled with its listing on Bit2Me and staking features, bolsters investor confidence in the HTX DAO ecosystem despite broader crypto market volatility.
HTX DAO completed its Q1 2026 $HTX token burn on April 15, removing 10.825 trillion $HTX tokens, valued at approximately $19.22 million, from circulation. This action contributes to a cumulative reduction of over 11% of the total $HTX supply since 2024, resulting in an average annual deflation rate of 5.5%. Despite a turbulent Q1 for the global crypto market, Tether (cryptocurrency) demonstrated counter-cyclical resilience, maintaining efficient revenue conversion and high-volume burn schedules. Furthermore, $HTX was listed on the European exchange Bit2Me and HTX DAO launched a staking feature for $HTX, reinforcing demand and expanding its user base. Since April 1, $HTX has also served as the sole token for trading fee discounts on the HTX exchange, integrating it into core trading scenarios.
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