Hatom (HTM): Uses, Supply and Risks

Hatom is a decentralized finance (DeFi) project built around MultiversX. Its ecosystem includes Hatom Lending, a protocol for supplying assets and borrowing against collateral, as well as liquid staking and other services. HTM is the project’s token; it is not MultiversX’s native token, EGLD, and it is separate from sEGLD, the liquid-staking token described by Hatom. Public descriptions associate HTM holders with governance, but that does not by itself establish what proposals holders can vote on or what influence each token carries. Check the project’s current governance rules before assuming HTM provides a particular right. HTM is not a claim on a loan, a stablecoin, or a guaranteed share of income. The practical role of the token depends on the project’s live contracts and governance arrangements, which can change over time.

The clearest publicly described role for HTM is governance of the Hatom protocol. Governance can allow token holders to take part in decisions about a protocol, but the exact process matters: check which decisions are in scope, whether voting power is proportional to holdings, and whether tokens must be locked or delegated. Do not assume that holding HTM automatically grants a specific benefit or a share of protocol revenue. Hatom’s lending service has a separate function: users supply supported assets or borrow against collateral through the protocol. Those lending activities are not the same as holding HTM, and lending or staking returns should not be assumed to accrue to HTM holders. The project also describes a USH stablecoin and a liquid-staking product, but each asset and product has its own risks and purpose. Review current Hatom documentation and contract details to confirm any utility before interacting.

Hatom’s products are built for the MultiversX ecosystem. Hatom Lending allows users to supply supported digital assets and take collateralized loans; borrowing capacity and liquidation conditions depend on the asset and protocol rules. Hatom also describes USH, a native stablecoin, and liquid staking in which users deposit EGLD and receive sEGLD. According to the project’s description, sEGLD is intended to represent staked EGLD and provide a way to retain liquidity while staking. HTM is distinct from all of these: it is the Hatom project token, not the underlying collateral, the stablecoin, or the liquid-staking receipt token. The token facts identify MultiversX as HTM’s issuance chain and do not identify it as the native token of a blockchain. Confirm the network and token details in your wallet and in current project materials before sending tokens or using a dApp.

As of 2026-11-05, the reported circulating supply was about 98.7 million HTM, while total supply was about 100.0 million. A maximum supply is not stated. These figures can change, so treat them as a dated snapshot rather than a permanent limit. The same snapshot put HTM at about $0.052, with a market capitalization of roughly $5.1 million and a fully diluted valuation near $5.2 million. Market price, valuation, and trading volume can move quickly, and smaller assets may have limited liquidity. Past price movements do not establish future performance. Market capitalization and fully diluted valuation are estimates based on price and supply figures; neither represents cash available to token holders. Use current market information if you need a live figure, and do not treat these metrics as a forecast or a measure of protocol safety.

HTM carries token-price and liquidity risk, while using Hatom products adds separate protocol risks. Lending markets can expose users to smart-contract flaws, unstable collateral prices, liquidation, or limited liquidity for withdrawals. Liquid-staking tokens may trade away from the value they represent, and stablecoins can lose their intended peg. Hatom says some modules have been audited, but an audit cannot guarantee that contracts are free of bugs or that funds can always be recovered. Governance decisions and changes to protocol parameters can also affect users. HTM is issued on MultiversX, so store it in a wallet that supports the correct MultiversX asset and network. Protect your recovery phrase offline, never share it, and verify the receiving address and token details before a transfer. A transfer to an incompatible network or address may be difficult or impossible to reverse. Avoid relying on exchange or wallet labels alone when confirming an asset.