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
Avalanche (AVAX) will unlock 1.67 million Tokens on August 15 at 8:00, worth approximately $35.8 million, accounting for 0.39% of the Circulating Supply.
AVAX
-3%
2025-08-15
Token unlock
Avalanche (AVAX) will unlock 1.67 million Tokens on August 15 at 8:00, worth approximately 39.8 million dollars, accounting for 0.33% of the Circulating Supply.
AVAX
-3%
2025-08-15
Tokens Unlock
Arbitrum will unlock 92,650,000 ARB tokens on August 16th, constituting approximately 1.80% of the currently circulating supply.
ARB
-4.33%
2025-08-15
Papua Meetup
Tokocrypto has announced its participation in the Obras Papua Community Meetup, which will take place on August 16, in Papua. The event will focus on trading discussions and the potential of digital assets within the region. Local participants will have the opportunity to engage directly with Tokocrypto representatives and explore opportunities in crypto education and adoption.
TKO
-1.18%
2025-08-15
Dragonverse Neo Campaign Season 21
MOBOX launches Season 21 of its Dragonverse Neo campaign, running from August 5 to August 16, 8:00 AM UTC. The event features a prize pool of 6,000 MBOX, 10,000,000 eMDBL, and 50% of player purchases. Additional perks include special item drops for MOBOX asset holders and exclusive rewards for MBOX spending, with extra bonuses for the top 5 participants.
MBOX
-4.77%
2025-08-15

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