Happy Tuesday, Blockfolians
Alright guys, it’s September (that’s officially spooky season for those keeping track btw). A good time to review and reflect on the absolutely MONSTER month crypto had in August.
First, there is DeFi.
Decentralized exchange volume rose 160% to $11.6B in August.
Within this, there were even crazier standouts like YFI.
And while a lot of energy within the crypto space might have been focused on DeFi, the macro picture for bitcoin thrived as well. Bitcoin miners saw a 23% increase in revenue, the USD hit a 29-month low and the Fed said basically it was chill with a lot more inflation.
Basically, things just keep heating up, so strap in.
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Highly Relevant Reading
BitMEX launches mobile app for more than 140 countries
A $600k seed round for a new liquidity provider
Coinbase CEO confirms a forthcoming token-launching service
Canaan mining sees 160% revenue increase
The gas discussion is likely to be a growing narrative given DeFi’s surge in popularity
We’re seeing this too.
A Really Big Number We Should Be Paying Attention To
That’s the size of the settlement around Tezos’ ICO