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
Hackathon
VeChain will host an online hackathon scheduled from September 22 to October 6, offering a total prize pool of $30,000.
VET
-3.53%
2025-10-05
Old Cronoscan Shutdown
"... we will say goodbye to Cronoscan... Cronos Explorer will then become the canonical explorer + API."
CRO
-3.68%
2025-10-05
Catch Up AMA
"... a special AMA with the leads of Cronos, co-hosted by @axldefi, @TheCoinBaron, and @the_jujukey," at 4 PM UTC.
CRO
-3.68%
2025-10-08
Tokens Unlock
Babylon will unlock 200,000,000 BABY tokens on October 10th, constituting approximately 8.72% of the currently circulating supply.
BABY
-7.41%
2025-10-09
200MM Token Unlock
Babylon unlocks tokens at 10 AM UTC.
BABY
-7.41%
2025-10-09

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