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

Origin Summit in Seoul
Story will participate in the Origin Summit on September 23 in Seoul, gathering leading specialists in entertainment intellectual property.
IP
-3.07%
2025-09-22
Korea Blockchain Week in Seoul
DuckChain Token will host “The Crypto Bash” in Seoul on September 23rd from 11:00 to 15:00 UTC as part of Korea Blockchain Week, focusing on artificial intelligence, technological innovation and current market trends.
DUCK
-8.39%
2025-09-22
Korea Blockchain Week 2025 in Seoul
Nillion will attend Korea Blockchain Week 2025 in Seoul, on September 23th.
NIL
-9.73%
2025-09-22
NAKA Boom Tournament
Nakamoto Games has unveiled its new tournament infrastructure, announcing the NAKA Boom Tournament with a $1,000 total prize pool. Registration opens on September 18th and will close on September 22nd. The tournament starts on September 23rd, promising continuous action and a competitive experience for all participants.
NAKA
-2.56%
2025-09-22
Second RWA Vault on Conflux
on September 23rd, dForce announces that its second RWA Vault will go live on Conflux, featuring tokenized renewable energy battery-swapping assets. Following the success of the first vault, the USDT deposit cap has been increased to 300,000 USDT. Deposits are already open, allowing users to earn yield from tokenized green assets.
DF
-2.68%
2025-09-22

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