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

Tokens Unlock
Avalanche will unlock 1,670,000 AVAX tokens on August 15th, constituting approximately 0.40% of the currently circulating supply.
AVAX
-3%
2025-08-14
1.67MM Token Unlock
Avalanche unlocks tokens at 12 AM UTC.
AVAX
-3%
2025-08-14
GAP Questing Season 10 Ends
Yield Guild Games has officially announced that Season 10 of GAP Questing will be its final installment. Key deadlines include the end of S10 extensions on August 1 at 11:59 PM UTC and the closure of appeals and approvals on August 15 at 11:59 PM UTC.
YGG
-4.18%
2025-08-14
1.67MM Token Unlock
Avalanche unlocks tokens at 12 AM UTC.
AVAX
-3%
2025-08-14
Tokens Unlock
Sei Network will unlock 55,560,000 SEI tokens on August 15th, constituting approximately 0.96% of the currently circulating supply.
SEI
-2.22%
2025-08-14

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