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

Major Events
SOL Strategies will begin trading its common stock on the Nasdaq Global Select Market under the ticker symbol STKE starting September 9.
SOL
-0.77%
2025-09-09
Token unlock
Sonic (S) will unlock 150 million Tokens on September 9 at 8:00, valued at approximately 45.68 million USD, accounting for 5.02% of the Circulating Supply.
S
-4.29%
2025-09-09
Token unlock
Movement (MOVE) will unlock 50 million Tokens on September 9 at 20:00, worth approximately 5.94 million USD, accounting for 1.89% of the Circulating Supply.
MOVE
0.9%
2025-09-09
Hackathon
Arbitrum launches a three-week Open House India online buildathon featuring workshops, panel talks, AMA sessions, pitch practice, and a build competition. The program opens on Aug 22 with a kickoff stream, followed by a panel on building globally from India and a builder speed-dating session on Discord. Across the schedule: tooling & Solidity onboarding, proxy patterns with community experts, on-chain chess in Rust via Stylus, common smart-contract security pitfalls, token design with a guest from the Ethereum Foundation, and three “friendly pitch” rounds on Aug 29, Sep 3, and Sep 5. Winners are announced on Sep 10 with a Proof-of-Build celebration.
ARB
-4.33%
2025-09-09
“Facade” by Gavin Meeler Launch
SuperRare is set to feature “Facade”, a new collection by artist Gavin Meeler, starting September 10. The drop includes three unique 1/1 pieces—On the Brink, Unraveled, and The Glare—each with a reserve price of 1.5 ETH. The expressive, abstract works will be available on the on-chain art marketplace for a limited bidding period.
RARE
-4.82%
2025-09-09

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