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
Render (RENDER) will unlock approximately 492,000 Tokens on August 10 at 8:00, worth about 1.7 million USD, accounting for 0.09% of the current Circulating Supply.
RENDER
-1.22%
2025-08-10
Tokens Unlock
Solayer will unlock 27,020,000 LAYER tokens on August 11th, constituting approximately 12.87% of the currently circulating supply.
LAYER
7.87%
2025-08-10
Based Preconfirmations
Taiko has announced that Based Preconfirmations are set to go live on the Taiko Alethia mainnet. Node operators are required to upgrade their software to the specified versions by August 11 to ensure compatibility with this major update. The preconfirmations follow a successful testing phase on the Hekla testnet and are designed to enhance network performance and user confidence.
TAIKO
-2.39%
2025-08-10
AMA on X
Dione will host an AMA on X featuring experts from LedgerAI. The event, scheduled for August 11th at 29:00 UTC, will focus on enterprise-grade AI infrastructure, combining regulatory compliance with clean technology in the context of crypto and energy integration.
DIONE
-1.54%
2025-08-10
Based Preconfirmations
"With this upgrade, it will unfortunately mean that community proposers will no longer be able to arbitrarily propose blocks."
TAIKO
-2.39%
2025-08-10

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