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

Hack Meridian and Meridian 2025 in Rio De Janeiro
Stellar has announced the return of Hack Meridian, scheduled for September 15–16. The hackathon will be followed by the Meridian 2025 conference, taking place September 17–18. Both events aim to bring together developers and innovators to build, collaborate, and shape the future of blockchain-based financial infrastructure. Brazil will serve as the host country for this year’s gatherings.
XLM
-3.18%
2025-09-17
Tokens Unlock
Fasttoken will unlock 20,000,000 FTN tokens on September 18th, constituting approximately 2.08% of the currently circulating supply.
FTN
-0.24%
2025-09-17
Classic Competitive Season 11
Axie Infinity has kicked off Classic Competitive Season 11, running from August 28 to September 18. Players can now enter the arena to compete for over 35,000 AXS in total rewards. Both Battle and Premium Passes are available. The season can be accessed via hub.skymavis.com.
AXS
-3.72%
2025-09-17
Decentralized AI Forum in Budapest
Swarm will organize the Decentralized AI Forum on September 18, as part of Budapest Blockchain Week. The event will take place at Óbuda University and will include workshops, AI agent development sessions, panel discussions, and networking activities focused on decentralized AI, data sovereignty, and open innovation.
BZZ
5.82%
2025-09-17
Podcast
OriginTrail will host a new episode of the On Trac(k) podcast on September 18 at 13:00 UTC, featuring Videntifier CEO Ari Jonsson, OriginTrail CTO, Brana Rakic, and OriginTrail co-founder Tomaz Levak. The discussion will focus on building one of the world’s largest decentralized content libraries.
TRAC
-4.11%
2025-09-17

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