Huobi's Heco Chain, a decentralized blockchain, has announced its retirement and is urging users to redeem their HRC20 assets before January 10, 2025. Backed by prominent DeFi projects, Heco focused on developer-friendly tools and cross-chain DeFi innovation. The retirement will result in the removal of HRC20 assets and users need to deposit their holdings into a designated address to earn points linked to their wallet address. These points will be exchanged for $HTX tokens, with distribution starting on January 15. Heco's shutdown highlights the challenges faced by smaller blockchain networks in competing with larger players like Binance Smart Chain, Solana, and Ethereum. Users and developers must prepare by converting their assets.



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