Announcements Gate Research: Market Recovers, Uniswap Leads Ethereum Burns, Miners' Hash Rate Rebounds

Gate Research: Market Recovers, Uniswap Leads Ethereum Burns, Miners' Hash Rate Rebounds

2024-08-20 13:22:47 UTC 5537 Read

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Gate Research Daily Report: On August 20, the cryptocurrency market showed strong 24-hour performance, with significant gains in sectors like AI Agents and Masternodes. U.S. Bitcoin ETFs saw a net inflow of $61.98 million, while Ethereum ETFs experienced a net outflow of $13.52 million. Uniswap led in ETH burn volume, though the quarterly burn rate dropped by 72.4%. Bitcoin's hash rate increased, and two major projects secured funding. DOGS and others announced airdrops, Bitcoin and Ethereum prices rose, altcoins rebounded, Grayscale transferred large amounts of BTC and ETH, and the market sentiment index climbed to 30.

**Market Analysis**: Sectors like AI Agents, Masternodes, and Cat-Themed meme coins saw significant gains.
**Top Performers**: The most popular tokens in the past 24 hours were SYS, REI, and CTK.
**Data Highlights**: Bitcoin spot ETFs recorded a net inflow of $61.98 million yesterday, while Ethereum spot ETFs saw a net outflow of $13.52 million.
**Spotlight Analysis**: Uniswap has become the top application for burning ETH on the Ethereum network.
**Market Opportunities**: Projects like DOGS, Swell Network, and Babylon have announced airdrops or revealed tokenomics designs, presenting potential opportunities.

Explore today's details  👉🏻  [Gate Research: Market Recovers, Uniswap Leads Ethereum Burns, Miners' Hash Rate Rebounds](https://www.gate.io/learn/articles/gate-research-market-recovers-uniswap-leads-ethereum-burns-miners-hash-rate-rebounds/3860?ch=GDR_ann_20240820&utm_campaign=TR_KkFK9R3W&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=)

Gate Research: BTC Price Plunges to $56K, Experiences Brief Uptick; Pump.fun Copycat Platforms Flourish

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Gate.io Team
August 20th, 2024

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