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

Project Updates
The deadline for claiming SNS Airdrop from the Solana domain service provider sns.sol (formerly Bonfida) is August 11.
SNS
2.95%
2025-08-11
ROM: Golden Age Launch
WEMIX has announced that its upcoming MMORPG ROM: Golden Age has exceeded 3 million pre-registrations. During the Early Access event, all 30,000 CRYSTAL in-game assets were sold out within minutes. To maintain engagement, WEMIX is running a daily Discord airdrop, awarding 10 CRYSTAL to 10 winners each day. The global launch is scheduled for August 12 across 170+ countries, with some regional restrictions.
WEMIX
-0.41%
2025-08-11
Cross-Chain Solution Agent Release
Delysium will introduce a cross-chain solution agent on lucyos.ai to streamline interoperability across different networks on August 12th.
AGI
0.52%
2025-08-11
Cross-chain Solution Agen
"Cross-Chain Solution Agent available on lucyos.ai"
AGI
0.52%
2025-08-11
Midsummer Medley Leaderboard Event
Gala has announced the launch of the Midsummer Medley Leaderboard event, running from August 7 to 12. The top 450 participants will receive rewards, with the highest prize being 23,000 GALA. Players can earn more event points through visitor preferences, and returning gameplay elements, such as the Stadium and Chocolate Factory, will be included.
GALA
-3.89%
2025-08-11

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