Crypto Had A Hell Of An August

Happy Tuesday, Blockfolians

The Lede

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.

a-aug-dex-volume

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


Community Commentary

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  

$25,000,000

That’s the size of the settlement around Tezos’ ICO


Final Thought