Mod DGrΞat

"Full time Crypto Threader | DeFi truth seeking | Be The Change⚡️

Feel free to share as needed"

[Mod DGrΞat @ModDGreat]

Finally, here’s a look at the projects that raised between $5M to $10M:

[Mod DGrΞat @ModDGreat]

Top Fundraising Projects in August

Here’s a list of the top fundraising projects in August, starting with those that raised over $20M:

Stronghold Digital Mining tops the list with a total of $125M raised.

[Mod DGrΞat @ModDGreat]

Next, we have the projects that secured between $10M to $20M:

[Mod DGrΞat @ModDGreat]

State of Fundraising in August

In August, a total of 111 fundraising rounds took place, raising over $943M.

The Blockchain Services sector dominated, accounting for nearly 40% of the total funds raised throughout the month.

[Mod DGrΞat @ModDGreat]

Key Sector Insights

Here’s a breakdown of the key sectors and their fundraising activity:

Blockchain Services attracted the most attention from VCs, raising a total of $372.5M.

#DeFi and #GameFi sectors also saw significant activity, with high numbers of fundraising rounds alongside Blockchain Services.

[Mod DGrΞat @ModDGreat]

#TON is gradually returning to its peak in terms of transaction volume.

Although the price of $TON has dropped by 33% from its ATH, the number of transactions on the TON network has surged significantly.

On Sep 10th, TON recorded over 14.6M transactions in a single day.

Looks like TON is showing its strength this season! What do you think?

[Mod DGrΞat @ModDGreat]

When analyzing the TVL growth of the top #Layer1 blockchains, we can clearly see MoM growth patterns.

Since the beginning of the year, January, February, March, May, and July have seen most top Layer 1s increase in TVL. In contrast, April, June, and August experienced notable declines for these leading blockchains.

Hyperliquid stands out as the only #Layer1 that has shown continuous TVL growth throughout the year, rising from $132M to $693M by the end of August without any month seeing a drop.

[Mod DGrΞat @ModDGreat]

Ronin: $12M lost due to a cross-chain bridge vulnerability. White hats returned the full amount.

OMPx: $107,000 stolen, deposited into Railgun.

SATOSHI (SATS): $5,000 lost due to a contract vulnerability on Ethereum.

Convergence Finance: $210,000 lost; 58M CVG tokens minted and sold.

(3/3)

[Mod DGrΞat @ModDGreat]

Recent Hacks Overview

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[Mod DGrΞat @ModDGreat]

Aave: Loss of $56,000 due to a contract vulnerability. The core protocol remains secure.

Vow & iVest DAO: $1.2M and $172,000 lost respectively due to contract vulnerabilities.

Nexera: $1.83M stolen via malicious software; $449K sold, $32.5M NXRA recovered.

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[Mod DGrΞat @ModDGreat]

Here are some key takeaways from the DEX Volume data for August from 2019 to 2024:

It's evident that DEX Volume is gradually returning to its ATH reached in August 2021. This reflects positive growth after a period of decline.

The jump from $54B in August 2023 to $131B in August 2024 is impressive, nearly 2.5x, reflecting a massive surge in decentralized trading activity.

Aug 2022: $75B
Aug 2023: $54B
Aug 2024: $131B

[Mod DGrΞat @ModDGreat]

GREEN 🟢

[Mod DGrΞat @ModDGreat]

On September 6th, #Base recorded over 4.4M daily transactions, highlighting the ecosystem's strong and active development.

[Mod DGrΞat @ModDGreat]

Since the launch of its mainnet, @base has shown impressive growth with total transactions exceeding 615M.

In the last two months, #Base consistently surpassed 100M transactions per month:
- July: 111M transactions
- August: 122M transactions

[Mod DGrΞat @ModDGreat]

. @ton_blockchain has been consistently increasing its daily transactions, surpassing #Ethereum with a significant transaction count of 2.6M on September 6th (according to Artemis).

#TON first overtook Ethereum on August 23rd and has continued to rise steadily since then.

[Mod DGrΞat @ModDGreat]

#Ethereum ETFs Update

🔴#GrayScale leads in ETH holdings with 1,765,428 $ETH, down 41,937 ETH from last week.

📊 1-Day Net Inflow

Total: +5,757.65 $ETH
Fidelity Ethereum Fund: +6,401 $ETH (Highest 1D Net Inflow)

📊 7-Day Net Inflow

Total: -21,914.99 $ETH
Fidelity Ethereum Fund: +14,486 $ETH (Highest 7D Net Inflow)

[Mod DGrΞat @ModDGreat]

#Bitcoin ETFs Update

🔴 #iShares (Blackrock) now holds 357,436 $BTC, down 72.7 BTC from last week.

📊 1-Day Net Inflow

Total: -1,388.62 $BTC

📊 7-Day Net Inflow

Total: -5,558.16 $BTC
ProShares Bitcoin Strategy ETF: +1,220.47 $BTC (Highest 7D Net Inflow)

[Mod DGrΞat @ModDGreat]

. @base Continues to Surpass Ethereum in Daily Transactions

On September 5th:

#Base: 4.1M transactions
#Ethereum: 1.1M transactions

[Mod DGrΞat @ModDGreat]

Other blockchains that have also experienced significant TVL growth compared to the previous month include:

#Aptos: +37.87%
#Solana: +27.66%
#Scroll: +24.56%
#Avalanche: +20.93%
#Base: +20.79%

[Mod DGrΞat @ModDGreat]

TVL Growth of Top 20 Blockchains with the Highest TVL

#Sui has shown the most remarkable TVL growth, with an increase of over 78% compared to the previous month, reaching a total of $611M in TVL.