Gate Research: Monthly Review - August 2024

10/8/2024, 8:14:17 AM
Gate Research Monthly Review: The crypto market performed weakly in August. Bitcoin plummeted from $66,000 to $49,000, then rallied to $64,000 by month's end before pulling back. Global financial markets saw intense volatility due to macroeconomic factors, pushing BTC futures liquidations to a yearly peak. BTC and ETH ETFs both experienced net outflows, while blockchain network activity ramped up—notably, Aptos' trading volume skyrocketed. The DeFi sector weathered multiple security breaches, incurring losses over $5.28 million. On the funding front, 88 projects secured financing totaling $80 million, with CeFi and DeFi emerging as standout sectors.

Table of Contents

01 Market Overview














02 On-chain Metrics














03 Fundraising



04 Market Highlights






05 Security Incidents





REFERENCES


Gate Research Report Release: Monthly Market Review - August 2024

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Crypto Calendar

Token unlock
Fasttoken (FTN) will unlock 20 million Tokens on August 18 at 8:00, worth approximately 91.8 million USD, accounting for 2.08% of the Circulating Supply.
FTN
-0.24%
2025-08-18
AI Insurance Claims
"AI Insurance Claims Agent available on lucyos.ai"
AGI
0.52%
2025-08-18
AMA on X
Hivemapper will host an AMA on X on August 19th at 16:30 UTC. Participants include the CEO, Ariel Seidman. The session is expected to analyse current developments in the DePIN ecosystem.
HONEY
-3.34%
2025-08-18
Protocol Update
Helium community has passed proposal HRP 2025-08 with 99.43% voting in favor. The update will be implemented on or after August 19, and will include the removal of unstarted boosted hexes and the addition of WiFi hotspot serial numbers to the blockchain. These changes aim to improve network efficiency and transparency.
HNT
-0.85%
2025-08-18
AMA with CCO
"... another chance to connect with the team and ask your questions directly to our CCO @DMSKwak," at 4 PM UTC.
METIS
-3.22%
2025-08-18

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