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Gate Research: Monthly Review - August 2024

Gate Research: Monthly Review - August 2024

10/8/2024, 8:14:17 AM
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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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Content

Table of Contents

01 Market Overview

02 On-chain Metrics

03 Fundraising

04 Market Highlights

05 Security Incidents

REFERENCES

Crypto Calendar

Token unlock
IOTA (IOTA) will unlock 15.16 million Tokens on August 20 at 8:00, worth approximately 3.15 million USD, accounting for 0.42% of the Circulating Supply.
IOTA
-6.14%
2025-08-20
Project Updates
The first phase of the Boundless verification competition for the universal ZK protocol will end at 11:00 Beijing time on August 20. The team will take a snapshot of the leaderboard. Based on this snapshot, 0.5% of the Boundless Token supply will be allocated to participating users at TGE. After August 20, a new leaderboard will start recording until the Mainnet launch. The rewards for this leaderboard will be airdropped after the PoVW Mainnet goes live.
ZK
-4.23%
2025-08-20
Token unlock
KAITO (KAITO) will unlock 23.35 million Tokens on August 20 at 20:00, worth approximately 25.92 million USD, accounting for 10.87% of the Circulating Supply.
KAITO
-8.91%
2025-08-20
NFT AI Product Launch
Nuls will launch an NFT AI product in the third quarter.
NULS
2.77%
2025-08-20
dValueChain v.1.0 Launch
Bio Protocol is set to roll out dValueChain v.1.0 in the first quarter. It aims to establish a decentralized health data network, ensuring secure, transparent, and tamper-proof medical records within the DeSci ecosystem.
BIO
-2.47%
2025-08-20

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