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.
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.
Enjoying Blockfolio’s Market Refresh? Sign up to have it delivered every day.
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
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