Huobi HTX Venture Lead Alec Goh: AI Agent Could Be Key to Next Wave of Growth, Market Should Return to Fundamentals

October 29th: During the 2025 Blockchain Life Summit held in Dubai, Huobi HTX Venture Capitalist Alec Goh stated in his speech that the 10·11 market incident exposed the current structural weaknesses of the crypto market. These weaknesses include insufficient liquidity, concentrated leverage risk, and a high dependence on a few large market makers. He pointed out that the exchanges' automatic deleveraging mechanism amplified market volatility during the incident, resulting in further depth slippage. He holds the view that the market is currently in the "post-speculative era" consolidation stage, similar to the cycles of 2016 or 2019. During this stage, although the market hype has cooled down, infrastructure builders are steadily increasing their market share. In order to restore retail confidence, the industry needs to focus again on robust liquidity design, security systems, and high-quality projects. Regarding future trends, Alec believes that the integration of AI and blockchain is entering a substantive development stage. In the next 2-3 years, direct interaction between AI Agents and smart contracts, as well as new fundraising models such as "Initial Model Offerings (IMO)", may emerge as the core drivers of the next growth cycle. He added that Huobi HTX Venture Capital is currently focusing on projects aimed at making blockchain "more user-friendly and practical", including DeFi, infrastructure, AI Agents, and RWA tokenization, to drive the blockchain's transition from a technical tool to mainstream financial and technological infrastructure.