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
Arbitrum (ARB) will unlock 92.65 million Tokens on August 16 at 21:00, valued at approximately $43.23 million, accounting for 2.04% of the Circulating Supply.
ARB
-4.33%
2025-08-16
Hackathon
Metis Token has opened the first phase of the HyperHack programme, titled “Applications & Ideathon”, which will run from May 15th to June 2nd. The second phase will be from June 2nd to August 7th. The third and the last part will be from August 7th to 16th.
METIS
-3.22%
2025-08-16
173.08MM Token Unlock
ZKsync unlocks tokens at 8 AM UTC.
ZK
-4.23%
2025-08-16
15.6MM Token Unlock
ApeCoin unlocks tokens at 12:30 PM UTC.
APE
-3.57%
2025-08-16
Tokens Unlock
APEcoin will unlock 15,600,000 APE tokens on August 17th, constituting approximately 1.95% of the currently circulating supply.
APE
-3.57%
2025-08-16

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